Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. lowered its stake in Airbnb, Inc. (NASDAQ:ABNB) by 19.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,617 shares of the company’s stock after selling 1,369 shares during the quarter. Wrapmanager Inc.’s holdings in Airbnb were worth $738,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CAP Partners LLC increased its position in shares of 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 purchasing an additional 77 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in shares of Airbnb by 18.2% during the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock worth $69,000 after purchasing an additional 81 shares during the last quarter. Salvus Wealth Management LLC grew its position in shares of Airbnb by 2.5% in the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after purchasing an additional 84 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of 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 in the last quarter. Finally, Kingsview Wealth Management LLC increased its holdings in shares of 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 last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ABNB. HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. B. Riley upped their price objective on shares of Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Wells Fargo & Company decreased their target price on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. TD Cowen raised their price target on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $146.48.

Insider Activity

In other news, CEO Brian Chesky sold 230,772 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the completion of the transaction, the chief executive officer now directly owns 12,000,913 shares of the company’s stock, valued at approximately $1,934,067,139.08. This represents a 1.89 % 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 500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $136.01, for a total value of $68,005.00. Following the sale, the chief technology officer now directly owns 185,414 shares in the company, valued at $25,218,158.14. This trade represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,876,329 shares of company stock worth $265,258,279. 27.83% of the stock is currently owned by corporate insiders.

Airbnb Price Performance

ABNB stock opened at $144.82 on Tuesday. The business’s 50-day moving average is $135.71 and its two-hundred day moving average is $131.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market capitalization of $91.31 billion, a P/E ratio of 35.07, a P/E/G ratio of 3.52 and a beta of 1.12. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal 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.