Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Norden Group LLC

Norden Group LLC lessened its stake in Airbnb, Inc. (NASDAQ:ABNB) by 17.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,625 shares of the company’s stock after selling 3,307 shares during the quarter. Airbnb accounts for about 0.3% of Norden Group LLC’s portfolio, making the stock its 26th largest holding. Norden Group LLC’s holdings in Airbnb were worth $2,127,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of ABNB. Mount Vernon Associates Inc. MD raised its position in shares of Airbnb by 1.0% during the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,270 shares of the company’s stock worth $990,000 after purchasing an additional 75 shares during the last quarter. Cambridge Trust Co. increased its holdings in shares of Airbnb by 10.0% during the 4th quarter. Cambridge Trust Co. now owns 825 shares of the company’s stock worth $112,000 after buying an additional 75 shares during the last quarter. Waldron Private Wealth LLC increased its position in shares of Airbnb by 0.5% during the 4th quarter. Waldron Private Wealth LLC now owns 16,171 shares of the company’s stock worth $2,201,000 after purchasing an additional 78 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Airbnb by 36.2% in the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the company’s stock valued at $41,000 after buying an additional 80 shares during the last quarter. Finally, Centurion Wealth Management LLC raised its stake in shares of Airbnb by 2.3% in the 4th quarter. Centurion Wealth Management LLC now owns 3,605 shares of the company’s stock valued at $491,000 after acquiring an additional 81 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

Shares of ABNB traded down $2.83 during trading hours on Tuesday, reaching $159.42. The company had a trading volume of 1,282,748 shares, compared to its average volume of 4,456,209. The company has a market capitalization of $103.16 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 2.18 and a beta of 1.25. Airbnb, Inc. has a 12-month low of $103.55 and a 12-month high of $170.10. The firm has a 50 day simple moving average of $160.63 and a 200-day simple moving average of $143.86. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. Research analysts expect that Airbnb, Inc. will post 4.47 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ABNB. Wedbush reaffirmed a “neutral” rating and issued a $160.00 price objective on shares of Airbnb in a research note on Thursday, April 18th. Truist Financial upped their price target on Airbnb from $118.00 to $131.00 and gave the stock a “hold” rating in a report on Thursday, March 14th. Mizuho raised shares of Airbnb from a “neutral” rating to a “buy” rating and raised their target price for the company from $150.00 to $200.00 in a report on Wednesday, April 24th. Tigress Financial increased their target price on Airbnb from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, BMO Capital Markets lifted their price target on Airbnb from $134.00 to $135.00 and gave the stock a “market perform” rating in a report on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $149.19.

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 76,912 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $147.79, for a total value of $11,366,824.48. Following the sale, the chief executive officer now owns 14,545,529 shares of the company’s stock, valued at $2,149,683,730.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Airbnb news, CEO Brian Chesky sold 76,912 shares of Airbnb stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $147.79, for a total transaction of $11,366,824.48. Following the completion of the transaction, the chief executive officer now owns 14,545,529 shares in the company, valued at $2,149,683,730.91. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 60,000 shares of Airbnb stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $146.58, for a total transaction of $8,794,800.00. Following the completion of the transaction, the insider now owns 473,762 shares in the company, valued at approximately $69,444,033.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 456,274 shares of company stock valued at $72,410,859. 27.83% of the stock is owned by insiders.

Airbnb 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.