Carlson Capital Management Has $793,000 Stake in Airbnb, Inc. (NASDAQ:ABNB)

Carlson Capital Management cut its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 31.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,038 shares of the company’s stock after selling 2,794 shares during the quarter. Carlson Capital Management’s holdings in Airbnb were worth $793,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. OneDigital Investment Advisors LLC increased its position in Airbnb by 6.8% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,223 shares of the company’s stock valued at $282,000 after buying an additional 142 shares in the last quarter. Empirical Finance LLC lifted its position in shares of Airbnb by 58.6% during the third quarter. Empirical Finance LLC now owns 2,616 shares of the company’s stock worth $332,000 after acquiring an additional 967 shares in the last quarter. Quest Partners LLC increased its holdings in shares of Airbnb by 3,643.9% in the third quarter. Quest Partners LLC now owns 2,134 shares of the company’s stock worth $271,000 after purchasing an additional 2,077 shares during the period. MKA Charitable Fund increased its stake in Airbnb by 17.2% in the third quarter. MKA Charitable Fund now owns 2,015,865 shares of the company’s stock valued at $255,632,000 after acquiring an additional 296,153 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its stake in shares of Airbnb by 9.4% during the third quarter. Fifth Third Wealth Advisors LLC now owns 4,013 shares of the company’s stock valued at $509,000 after buying an additional 345 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of Airbnb from a “hold” rating to a “buy” rating and increased their target price for the stock from $165.00 to $185.00 in a report on Monday, March 10th. Barclays raised their target price on shares of Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a research note on Friday, February 14th. Baird R W raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. DA Davidson raised their price target on shares of Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $148.15.

Insider Buying and Selling at Airbnb

In related news, CEO Brian Chesky sold 38,461 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $133.58, for a total transaction of $5,137,620.38. Following the completion of the transaction, the chief executive officer now owns 12,537,369 shares of the company’s stock, valued at $1,674,741,751.02. This trade represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Elinor Mertz sold 6,250 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $137.00, for a total transaction of $856,250.00. Following the transaction, the chief financial officer now directly owns 491,238 shares of the company’s stock, valued at approximately $67,299,606. This trade represents a 1.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,055,209 shares of company stock worth $289,943,548 over the last three months. Corporate insiders own 27.83% of the company’s stock.

Airbnb Stock Up 3.3 %

Shares of NASDAQ ABNB opened at $126.94 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The stock has a market capitalization of $80.04 billion, a price-to-earnings ratio of 30.74, a P/E/G ratio of 3.52 and a beta of 1.10. The firm’s 50-day moving average price is $136.06 and its 200-day moving average price is $133.14.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. On average, equities research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.