EntryPoint Capital LLC Cuts Stake in Airbnb, Inc. (NASDAQ:ABNB)

EntryPoint Capital LLC decreased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 14.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,975 shares of the company’s stock after selling 346 shares during the quarter. EntryPoint Capital LLC’s holdings in Airbnb were worth $260,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in Airbnb in the 4th quarter worth approximately $25,000. Berbice Capital Management LLC acquired a new position in shares of Airbnb during the fourth quarter worth $26,000. Whipplewood Advisors LLC purchased a new position in shares of Airbnb in the fourth quarter valued at $44,000. Cromwell Holdings LLC grew its holdings in Airbnb by 82.5% during the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after purchasing an additional 170 shares in the last quarter. Finally, Quarry LP purchased a new stake in Airbnb during the 3rd quarter worth $55,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Canaccord Genuity Group raised their target price on Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Bank of America lifted their price objective on Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. UBS Group increased their target price on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. HSBC upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Finally, The Goldman Sachs Group upgraded shares of Airbnb from a “sell” rating to a “neutral” rating and increased their price objective for the company from $110.00 to $153.00 in a research note on Friday, February 14th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $147.36.

Insider Activity at Airbnb

In other news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $129.55, for a total value of $90,685.00. Following the transaction, the chief technology officer now owns 170,719 shares of the company’s stock, valued at $22,116,646.45. The trade was a 0.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nathan Blecharczyk sold 183,078 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the sale, the insider now directly owns 164,850 shares of the company’s stock, valued at approximately $26,046,300. This represents a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,270,894 shares of company stock worth $317,578,168 over the last quarter. 27.83% of the stock is currently owned by company insiders.

Airbnb Trading Down 3.9 %

NASDAQ:ABNB opened at $120.69 on Friday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $166.74. The business has a fifty day moving average of $135.29 and a 200-day moving average of $133.58. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market cap of $76.10 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, February 13th. The company reported $0.73 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%. Equities analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

About Airbnb

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.