Paragon Capital Management Ltd Sells 17,847 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Paragon Capital Management Ltd reduced its stake in Airbnb, Inc. (NASDAQ:ABNB) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 399,368 shares of the company’s stock after selling 17,847 shares during the period. Airbnb comprises approximately 10.5% of Paragon Capital Management Ltd’s investment portfolio, making the stock its 2nd largest position. Paragon Capital Management Ltd owned 0.06% of Airbnb worth $52,481,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Sendero Wealth Management LLC acquired a new stake in Airbnb during the 4th quarter worth approximately $3,793,000. Park Avenue Securities LLC boosted its position in Airbnb by 14.6% during the 4th quarter. Park Avenue Securities LLC now owns 18,695 shares of the company’s stock worth $2,457,000 after buying an additional 2,378 shares during the period. Assenagon Asset Management S.A. boosted its position in Airbnb by 40.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock worth $90,123,000 after buying an additional 197,558 shares during the period. Fifth Third Wealth Advisors LLC boosted its position in Airbnb by 22.0% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,894 shares of the company’s stock worth $643,000 after buying an additional 881 shares during the period. Finally, Define Financial LLC acquired a new stake in Airbnb during the 4th quarter worth approximately $4,085,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $136.11, for a total transaction of $81,666.00. Following the completion of the sale, the chief technology officer now owns 192,844 shares in the company, valued at approximately $26,247,996.84. This trade represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joseph Gebbia sold 11,635 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the sale, the director now owns 16,472 shares of the company’s stock, valued at $2,259,958.40. This trade represents a 41.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 915,997 shares of company stock worth $122,800,660 over the last quarter. Insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

Shares of ABNB stock opened at $132.52 on Thursday. The firm has a 50-day moving average of $134.62 and a 200-day moving average of $132.22. The company has a market cap of $84.01 billion, a P/E ratio of 46.50, a P/E/G ratio of 1.93 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter in the prior year, the company earned $2.39 EPS. Equities research analysts forecast that Airbnb, Inc. will post 3.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ABNB shares. JMP Securities restated a “market perform” rating on shares of Airbnb in a report on Monday, December 16th. Citigroup raised their price target on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Cantor Fitzgerald restated an “underweight” rating and set a $94.00 price target on shares of Airbnb in a report on Monday, October 7th. Susquehanna raised their price target on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a report on Monday, November 11th. Finally, Barclays raised their price target on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $139.81.

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.