Crumly & Associates Inc. Sells 397 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Crumly & Associates Inc. lowered its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 10.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,522 shares of the company’s stock after selling 397 shares during the quarter. Crumly & Associates Inc.’s holdings in Airbnb were worth $463,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CAP Partners LLC increased its position in Airbnb by 3.6% during the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock worth $293,000 after acquiring an additional 77 shares during the period. Manchester Capital Management LLC increased its holdings in Airbnb by 18.2% in the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock valued at $69,000 after buying an additional 81 shares during the period. Salvus Wealth Management LLC increased its holdings in Airbnb by 2.5% in the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after buying an additional 84 shares during the period. First Horizon Advisors Inc. increased its holdings in Airbnb by 19.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock valued at $74,000 after buying an additional 94 shares during the period. Finally, Kingsview Wealth Management LLC increased its holdings in Airbnb by 2.7% in the 3rd quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock valued at $468,000 after buying an additional 97 shares during the period. Institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $161.05, for a total transaction of $112,735.00. Following the completion of the sale, the chief technology officer now directly owns 180,514 shares of the company’s stock, valued at approximately $29,071,779.70. This represents a 0.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Chesky sold 115,385 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $160.32, for a total value of $18,498,523.20. Following the sale, the chief executive officer now directly owns 11,885,528 shares of the company’s stock, valued at approximately $1,905,487,848.96. The trade was a 0.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,950,540 shares of company stock valued at $275,598,944. 27.83% of the stock is owned by corporate insiders.

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $155.31 on Friday. The company has a market capitalization of $98.46 billion, a price-to-earnings ratio of 37.61, a P/E/G ratio of 3.89 and a beta of 1.12. The firm’s 50 day simple moving average is $135.15 and its 200 day simple moving average is $130.82. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, sell-side analysts forecast that Airbnb, Inc. will post 4.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ABNB. Evercore ISI boosted their price target on shares of Airbnb to $155.00 and gave the company a “hold” rating in a report on Wednesday, January 15th. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a report on Friday, February 14th. HSBC raised shares of Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Canaccord Genuity Group upped their target price on shares of Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, B. Riley upped their target price on shares of Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $147.00.

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.