Xponance Inc. Has $13.16 Million Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Xponance Inc. cut its position in Airbnb, Inc. (NASDAQ:ABNB) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,168 shares of the company’s stock after selling 383 shares during the period. Xponance Inc.’s holdings in Airbnb were worth $13,163,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in shares of Airbnb during the fourth quarter worth approximately $25,000. Berbice Capital Management LLC acquired a new position in shares of Airbnb during the fourth quarter worth approximately $26,000. Whipplewood Advisors LLC acquired a new position in shares of Airbnb during the fourth quarter worth approximately $44,000. Cromwell Holdings LLC lifted its position in shares of Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after purchasing an additional 170 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Airbnb during the third quarter worth approximately $55,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Airbnb

In other news, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $133.58, for a total value 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Aristotle N. Balogh sold 20,000 shares of Airbnb stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $131.87, for a total transaction of $2,637,400.00. Following the completion of the transaction, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at approximately $24,450,544.18. This trade represents a 9.74 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,055,209 shares of company stock worth $289,943,548. Insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of Airbnb from a “hold” rating to a “buy” rating and upped their target price for the stock from $165.00 to $185.00 in a research report on Monday, March 10th. Evercore ISI raised their price objective on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. Argus raised shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Gordon Haskett raised shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective on the stock in a research note on Friday, February 14th. Finally, HSBC raised shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $148.15.

Airbnb Trading Down 1.9 %

Shares of NASDAQ:ABNB opened at $124.56 on Wednesday. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The company’s fifty day simple moving average is $135.93 and its 200 day simple moving average is $133.20. The firm has a market cap of $78.54 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, research analysts forecast 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.