Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Ridgewood Investments LLC

Ridgewood Investments LLC reduced its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 18.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 908 shares of the company’s stock after selling 207 shares during the quarter. Ridgewood Investments LLC’s holdings in Airbnb were worth $119,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ABNB. Koshinski Asset Management Inc. increased its stake in Airbnb by 3.8% in the third quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $292,000 after purchasing an additional 85 shares during the period. Edge Capital Group LLC increased its stake in Airbnb by 1.2% in the second quarter. Edge Capital Group LLC now owns 7,617 shares of the company’s stock valued at $1,155,000 after purchasing an additional 87 shares during the period. Lazari Capital Management Inc. increased its stake in Airbnb by 3.6% in the second quarter. Lazari Capital Management Inc. now owns 2,517 shares of the company’s stock valued at $382,000 after purchasing an additional 88 shares during the period. First Horizon Advisors Inc. increased its stake in Airbnb by 19.3% in the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock valued at $74,000 after purchasing an additional 94 shares during the period. Finally, Kingsview Wealth Management LLC increased its stake in Airbnb by 2.7% in the third quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock valued at $468,000 after purchasing an additional 97 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Stock Performance

NASDAQ:ABNB opened at $129.63 on Friday. The firm has a 50 day simple moving average of $134.98 and a 200-day simple moving average of $132.80. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market cap of $82.18 billion, a PE ratio of 45.48, a P/E/G ratio of 1.93 and a beta of 1.13. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly 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). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the company posted $2.39 EPS. On average, equities analysts expect that Airbnb, Inc. will post 3.99 EPS for the current year.

Insider Buying and Selling

In other Airbnb news, insider Nathan Blecharczyk sold 9,603 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the sale, the insider now directly owns 164,850 shares in the company, valued at $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian Chesky sold 38,460 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $133.97, for a total transaction of $5,152,486.20. Following the sale, the chief executive officer now owns 13,200,529 shares of the company’s stock, valued at approximately $1,768,474,870.13. This represents a 0.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 955,057 shares of company stock valued at $128,033,252. Insiders own 27.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Robert W. Baird lifted their price objective on shares of Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Susquehanna lifted their target price on shares of Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a report on Monday, November 11th. Bank of America lifted their target price on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. TD Cowen lifted their target price on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Six research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $139.48.

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.