Regatta Capital Group LLC Cuts Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Regatta Capital Group LLC trimmed its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 18,879 shares of the company’s stock after selling 404 shares during the quarter. Regatta Capital Group LLC’s holdings in Airbnb were worth $2,481,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ABNB. Northwest Investment Counselors LLC acquired a new position in shares of Airbnb during the third quarter valued at approximately $25,000. Hollencrest Capital Management increased its position in shares of Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Berbice Capital Management LLC acquired a new position in Airbnb in the 4th quarter valued at $26,000. Ashton Thomas Securities LLC acquired a new stake in Airbnb during the 3rd quarter worth $30,000. Finally, Quarry LP purchased a new stake in shares of Airbnb during the third quarter worth $55,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Down 4.6 %

Shares of NASDAQ ABNB opened at $127.09 on Friday. The stock has a market cap of $80.57 billion, a P/E ratio of 44.59, a PEG ratio of 1.80 and a beta of 1.13. The business’s fifty day simple moving average is $133.97 and its 200-day simple moving average is $131.24. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the business earned $2.39 EPS. As a group, equities analysts predict that Airbnb, Inc. will post 3.98 EPS for the current fiscal year.

Insider Activity at Airbnb

In other news, CAO David C. Bernstein sold 1,000 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $137.00, for a total value of $137,000.00. Following the transaction, the chief accounting officer now owns 40,581 shares in the company, valued at approximately $5,559,597. This represents a 2.40 % decrease in their position. The transaction 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 business’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 value of $81,198.00. Following the sale, the chief technology officer now owns 192,244 shares of the company’s stock, 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. Insiders have sold a total of 1,169,543 shares of company stock valued at $155,659,368 over the last 90 days. 27.83% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on ABNB. Jefferies Financial Group raised their price target on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Evercore ISI raised their target price on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a research note on Wednesday, January 15th. Robert W. Baird increased their price target on Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Wedbush upped their target price on Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Citigroup upped their price objective on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a report on Monday, November 11th. Six investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $139.63.

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.