Compass Wealth Management LLC Cuts Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Compass Wealth Management LLC lessened its stake in Airbnb, Inc. (NASDAQ:ABNB) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,600 shares of the company’s stock after selling 200 shares during the period. Compass Wealth Management LLC’s holdings in Airbnb were worth $342,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Verde Capital Management raised its stake in shares of Airbnb by 25.3% during the fourth quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after acquiring an additional 4,269 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Airbnb in the 3rd quarter worth approximately $34,982,000. Tri Ri Asset Management Corp purchased a new position in shares of Airbnb during the third quarter valued at approximately $6,352,000. J.W. Cole Advisors Inc. increased its stake in shares of Airbnb by 86.5% during the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock valued at $583,000 after buying an additional 2,132 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Airbnb by 40.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock valued at $90,123,000 after acquiring an additional 197,558 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Price Performance

NASDAQ ABNB opened at $127.09 on Friday. The stock has a market capitalization of $80.57 billion, a price-to-earnings ratio of 44.59, a PEG ratio of 1.80 and a beta of 1.13. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. 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 business’s fifty day moving average price is $133.97 and its 200-day moving average price is $131.39.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (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 firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the previous year, the business posted $2.39 earnings per share. On average, equities analysts predict that Airbnb, Inc. will post 3.98 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on ABNB shares. Barclays boosted their price objective on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. JMP Securities reissued a “market perform” rating on shares of Airbnb in a research note on Monday, December 16th. Citigroup raised their price objective on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Benchmark reiterated a “buy” rating and set a $155.00 target price on shares of Airbnb in a report on Friday, November 8th. Finally, Truist Financial lowered their target price on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research note on Wednesday, December 4th. 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. Based on data from MarketBeat, Airbnb has a consensus rating of “Hold” and a consensus price target of $139.63.

Insider Buying and Selling at Airbnb

In related news, CEO Brian Chesky sold 76,923 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the completion of the transaction, the chief executive officer now directly owns 12,616,300 shares in the company, valued at approximately $1,765,525,022. The trade was a 0.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $135.33, for a total transaction of $81,198.00. Following the sale, the chief technology officer now owns 192,244 shares in the company, valued at approximately $26,016,380.52. The trade was a 0.31 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,169,543 shares of company stock valued at $155,659,368. Insiders own 27.83% of the company’s stock.

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.