Doliver Advisors LP Sells 218 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Doliver Advisors LP reduced its position in Airbnb, Inc. (NASDAQ:ABNB) by 4.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,972 shares of the company’s stock after selling 218 shares during the period. Doliver Advisors LP’s holdings in Airbnb were worth $653,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Asset Dedication LLC raised its holdings in shares of Airbnb by 7.6% in the 2nd quarter. Asset Dedication LLC now owns 1,193 shares of the company’s stock valued at $181,000 after purchasing an additional 84 shares in the last quarter. Koshinski Asset Management Inc. raised its stake in Airbnb by 3.8% in the third quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock worth $292,000 after buying an additional 85 shares in the last quarter. Edge Capital Group LLC lifted its holdings in Airbnb by 1.2% during the second quarter. Edge Capital Group LLC now owns 7,617 shares of the company’s stock worth $1,155,000 after buying an additional 87 shares during the period. Lazari Capital Management Inc. increased its holdings in shares of Airbnb by 3.6% in the 2nd quarter. Lazari Capital Management Inc. now owns 2,517 shares of the company’s stock valued at $382,000 after acquiring an additional 88 shares during the period. Finally, First Horizon Advisors Inc. raised its position in shares of Airbnb by 19.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock worth $74,000 after acquiring an additional 94 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $130.15, for a total transaction of $78,090.00. Following the completion of the transaction, the chief technology officer now owns 194,044 shares in the company, valued at $25,254,826.60. This represents a 0.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nathan Blecharczyk sold 9,603 shares of Airbnb stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the sale, the insider now owns 164,850 shares in the company, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 675,961 shares of company stock worth $90,169,271 in the last quarter. Corporate insiders own 27.83% of the company’s stock.

Airbnb Price Performance

Shares of Airbnb stock traded down $0.71 during trading hours on Monday, reaching $135.00. The stock had a trading volume of 2,466,816 shares, compared to its average volume of 2,864,211. The stock’s 50 day moving average is $135.46 and its 200 day moving average is $133.18. 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, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The firm has a market capitalization of $85.59 billion, a PE ratio of 47.37, a PEG ratio of 1.93 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the company posted $2.39 EPS. Equities analysts expect that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $155.00 price objective on shares of Airbnb in a research report on Friday, November 8th. Truist Financial lowered 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. Robert W. Baird boosted their price objective on shares of Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Barclays upped their price target on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Finally, TD Cowen boosted their target price on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $139.48.

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.