Financial Futures Ltd Liability Co. Has $1.59 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Financial Futures Ltd Liability Co. lessened its stake in Airbnb, Inc. (NASDAQ:ABNB) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,118 shares of the company’s stock after selling 124 shares during the period. Airbnb comprises 0.9% of Financial Futures Ltd Liability Co.’s portfolio, making the stock its 24th biggest holding. Financial Futures Ltd Liability Co.’s holdings in Airbnb were worth $1,592,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new position in Airbnb in the third quarter worth $25,000. Hollencrest Capital Management raised its stake in shares of Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after buying an additional 200 shares in the last quarter. Berbice Capital Management LLC acquired a new position in shares of Airbnb in the 4th quarter valued at $26,000. Ashton Thomas Securities LLC bought a new position in shares of Airbnb during the 3rd quarter worth about $30,000. Finally, Quarry LP acquired a new stake in shares of Airbnb during the 3rd quarter valued at about $55,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ABNB. Citigroup raised their price target on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Piper Sandler lifted their target price on shares of Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Phillip Securities restated a “reduce” rating and set a $120.00 price target on shares of Airbnb in a research report on Tuesday, November 12th. UBS Group lifted their price objective on Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley raised their target price on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Six 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’s stock. According to MarketBeat, Airbnb presently has a consensus rating of “Hold” and an average price target of $139.63.

Insiders Place Their Bets

In related news, CAO David C. Bernstein sold 1,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $137.00, for a total value of $137,000.00. Following the sale, the chief accounting officer now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 76,923 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the completion of the transaction, the chief executive officer now directly owns 12,616,300 shares of the company’s stock, valued at approximately $1,765,525,022. The trade was a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,372,293 shares of company stock worth $181,759,318. Corporate insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $131.17 on Friday. The firm’s 50 day simple moving average is $133.69 and its 200 day simple moving average is $130.63. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The company has a market capitalization of $83.16 billion, a price-to-earnings ratio of 46.02, a P/E/G ratio of 1.74 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter last year, the business posted $2.39 earnings per share. As a group, sell-side analysts forecast that Airbnb, Inc. will post 3.98 earnings per share for the current year.

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.