Moloney Securities Asset Management LLC Sells 178 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Moloney Securities Asset Management LLC reduced its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 7.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,081 shares of the company’s stock after selling 178 shares during the period. Moloney Securities Asset Management LLC’s holdings in Airbnb were worth $273,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC bought a new position in shares of Airbnb during the third quarter worth about $25,000. Golden State Wealth Management LLC acquired a new stake in Airbnb during the 4th quarter valued at approximately $25,000. Hollencrest Capital Management raised its holdings in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Berbice Capital Management LLC acquired a new position in shares of Airbnb in the 4th quarter worth approximately $26,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Airbnb in the 3rd quarter valued at $30,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Performance

ABNB stock opened at $135.24 on Tuesday. The business has a 50 day moving average of $132.93 and a 200-day moving average of $129.91. The firm has a market cap of $85.74 billion, a PE ratio of 47.45, a P/E/G ratio of 1.88 and a beta of 1.12. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23.

Insider Buying and Selling at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $129.58, for a total value of $809,875.00. Following the transaction, the chief financial officer now directly owns 484,988 shares in the company, valued at $62,844,745.04. The trade was a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO David C. Bernstein sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the sale, the chief accounting officer now owns 40,581 shares of the company’s stock, valued at approximately $5,559,597. The trade was a 2.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,417,704 shares of company stock worth $187,654,829 in the last quarter. 27.83% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Bank of America lifted their target price on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. DA Davidson lifted their price objective on Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Robert W. Baird upped their target price on Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Citigroup lifted their target price on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Evercore ISI increased their price target on Airbnb to $155.00 and gave the stock a “hold” rating in a report on Wednesday, January 15th. Six investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Airbnb has an average rating of “Hold” and an average 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.