Andina Capital Management LLC Cuts Position in Airbnb, Inc. (NASDAQ:ABNB)

Andina Capital Management LLC lessened its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,931 shares of the company’s stock after selling 175 shares during the quarter. Andina Capital Management LLC’s holdings in Airbnb were worth $517,000 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 ABNB. Northwest Investment Counselors LLC purchased a new stake in Airbnb in the third quarter worth about $25,000. Hollencrest Capital Management grew its holdings in shares of Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. Berbice Capital Management LLC purchased a new stake in shares of Airbnb during the fourth quarter valued at approximately $26,000. Ashton Thomas Securities LLC purchased a new stake in shares of Airbnb during the third quarter valued at approximately $30,000. Finally, Quarry LP purchased a new stake in shares of Airbnb during the third quarter valued at approximately $55,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $133.19, for a total value of $5,122,620.59. Following the completion of the transaction, the chief executive officer now directly owns 12,460,447 shares of the company’s stock, valued at $1,659,606,935.93. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction 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 completion of the transaction, the chief technology officer now directly owns 192,244 shares of the company’s stock, valued at $26,016,380.52. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,169,543 shares of company stock worth $155,659,368. Insiders own 27.83% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ABNB. DA Davidson increased their price target on shares of Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Truist Financial cut their price target on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Cantor Fitzgerald reiterated an “underweight” rating and set a $94.00 price target on shares of Airbnb in a report on Monday, October 7th. Piper Sandler raised their target price on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Jefferies Financial Group raised their target price on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $139.63.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $127.09 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market cap of $80.57 billion, a P/E ratio of 44.59, a P/E/G ratio of 1.80 and a beta of 1.13. The firm’s fifty day moving average is $133.97 and its two-hundred day moving average is $131.24. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB) last announced 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). The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter in the prior year, the firm posted $2.39 earnings per share. As a group, analysts anticipate that Airbnb, Inc. will post 3.98 EPS for the current fiscal year.

Airbnb Company 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.