Blue Barn Wealth LLC Cuts Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Blue Barn Wealth LLC trimmed its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 10.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,435 shares of the company’s stock after selling 294 shares during the quarter. Blue Barn Wealth LLC’s holdings in Airbnb were worth $332,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Compagnie Lombard Odier SCmA grew its stake in Airbnb by 34.7% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 31,612 shares of the company’s stock valued at $4,304,000 after acquiring an additional 8,140 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Airbnb by 4.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock valued at $1,119,000 after buying an additional 333 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Airbnb by 27.5% in the 4th quarter. Nordea Investment Management AB now owns 1,268,390 shares of the company’s stock worth $172,742,000 after acquiring an additional 273,191 shares during the last quarter. LGT Group Foundation raised its holdings in shares of Airbnb by 8.1% during the 3rd quarter. LGT Group Foundation now owns 316,545 shares of the company’s stock worth $43,227,000 after acquiring an additional 23,716 shares during the period. Finally, Cerity Partners LLC boosted its position in shares of Airbnb by 14.4% during the 4th quarter. Cerity Partners LLC now owns 95,572 shares of the company’s stock valued at $13,011,000 after acquiring an additional 12,008 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on ABNB shares. Piper Sandler lifted their target price on shares of Airbnb from $136.00 to $145.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Wedbush reiterated a “neutral” rating and issued a $160.00 price objective on shares of Airbnb in a report on Thursday, April 18th. Benchmark started coverage on Airbnb in a research note on Thursday, April 11th. They set a “buy” rating and a $190.00 target price for the company. Bank of America upped their price target on Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Finally, B. Riley started coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $149.19.

Insiders Place Their Bets

In related news, CEO Brian Chesky sold 76,912 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 14,545,529 shares of the company’s stock, valued at approximately $2,149,683,730.91. The sale was disclosed in a legal filing with the SEC, 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 on Tuesday, February 20th. The shares were sold at an average price of $147.79, for a total value of $11,366,824.48. Following the transaction, the chief executive officer now directly owns 14,545,529 shares in the company, valued at $2,149,683,730.91. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 75,500 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $155.31, for a total transaction of $11,725,905.00. Following the transaction, the chief technology officer now owns 146,131 shares of the company’s stock, valued at approximately $22,695,605.61. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 396,874 shares of company stock valued at $63,712,671. 27.83% of the stock is currently owned by insiders.

Airbnb Stock Down 1.2 %

Shares of ABNB traded down $1.91 during mid-day trading on Wednesday, reaching $157.90. The company’s stock had a trading volume of 7,497,104 shares, compared to its average volume of 4,454,389. The company’s 50 day moving average is $161.59 and its 200 day moving average is $145.41. The stock has a market cap of $102.17 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24. Airbnb, Inc. has a 12-month low of $103.55 and a 12-month high of $170.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. Equities analysts anticipate that Airbnb, Inc. will post 4.47 EPS for the current fiscal year.

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.