Transcend Capital Advisors LLC Reduces Position in Airbnb, Inc. (NASDAQ:ABNB)

Transcend Capital Advisors LLC cut its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,886 shares of the company’s stock after selling 168 shares during the period. Transcend Capital Advisors LLC’s holdings in Airbnb were worth $393,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. CVA Family Office LLC bought a new position in shares of Airbnb in the fourth quarter worth about $26,000. Orion Capital Management LLC bought a new stake in Airbnb in the 3rd quarter valued at $27,000. Bfsg LLC bought a new stake in shares of Airbnb in the fourth quarter worth about $27,000. McGlone Suttner Wealth Management Inc. bought a new position in Airbnb during the fourth quarter valued at approximately $30,000. Finally, Farmers & Merchants Investments Inc. bought a new stake in Airbnb in the 3rd quarter worth approximately $39,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on ABNB. B. Riley Financial initiated coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price objective for the company. Wedbush restated a “neutral” rating and set a $160.00 price objective on shares of Airbnb in a research report on Thursday, April 18th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a report on Thursday, April 11th. Benchmark started coverage on Airbnb in a report on Thursday, April 11th. They set a “buy” rating and a $190.00 price target on the stock. Finally, B. Riley assumed coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price objective on the stock. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $149.19.

Insider Activity at Airbnb

In related news, insider Nathan Blecharczyk sold 60,000 shares of the firm’s 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 of the company’s stock, valued at $69,444,033.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Nathan Blecharczyk sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $146.58, for a total transaction of $8,794,800.00. Following the sale, the insider now directly owns 473,762 shares of the company’s stock, valued at $69,444,033.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 78,682 shares of Airbnb stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $169.30, for a total value of $13,320,862.60. Following the transaction, the chief technology officer now owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The disclosure for this sale can be found here. Insiders have sold a total of 456,274 shares of company stock worth $72,410,859 over the last quarter. Insiders own 30.84% of the company’s stock.

Airbnb Price Performance

Shares of ABNB opened at $162.25 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66. The company’s fifty day moving average price is $160.63 and its 200-day moving average price is $143.86. Airbnb, Inc. has a 1-year low of $103.55 and a 1-year high of $170.10. The firm has a market capitalization of $104.99 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.09. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. On average, equities research analysts predict that Airbnb, Inc. will post 4.47 EPS for the current 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.