E Fund Management Co. Ltd. lessened its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 34.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,189 shares of the company's stock after selling 3,282 shares during the period. E Fund Management Co. Ltd.'s holdings in Airbnb were worth $813,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. CAP Partners LLC increased its holdings in Airbnb by 3.6% in the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company's stock valued at $293,000 after acquiring an additional 77 shares during the last quarter. Lindbrook Capital LLC increased its holdings in Airbnb by 1.4% in the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company's stock valued at $728,000 after acquiring an additional 78 shares during the last quarter. Manchester Capital Management LLC increased its holdings in Airbnb by 18.2% in the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company's stock valued at $69,000 after acquiring an additional 81 shares during the last quarter. Salvus Wealth Management LLC increased its holdings in Airbnb by 2.5% in the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company's stock valued at $455,000 after acquiring an additional 84 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in Airbnb by 19.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 580 shares of the company's stock valued at $74,000 after acquiring an additional 94 shares during the last quarter. Institutional investors own 80.76% of the company's stock.
A number of equities analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of Airbnb from $115.00 to $125.00 and gave the stock an "underweight" rating in a research note on Monday, January 13th. Wedbush reissued an "outperform" rating and issued a $155.00 price objective on shares of Airbnb in a research note on Tuesday, February 4th. TD Cowen lifted their price objective on shares of Airbnb from $150.00 to $155.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Piper Sandler lifted their price objective on shares of Airbnb from $125.00 to $145.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Finally, Gordon Haskett raised shares of Airbnb from a "sell" rating to a "hold" rating and set a $143.00 price objective for the company in a research note on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Airbnb has a consensus rating of "Hold" and an average target price of $146.48.
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In other news, insider Nathan Blecharczyk sold 183,078 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $158.00, for a total value of $28,926,324.00. Following the completion of the transaction, the insider now owns 164,850 shares of the company's stock, valued at approximately $26,046,300. This trade represents a 52.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Brian Chesky sold 38,461 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $137.49, for a total transaction of $5,288,002.89. Following the completion of the transaction, the chief executive officer now directly owns 12,577,839 shares of the company's stock, valued at approximately $1,729,327,084.11. The trade was a 0.30 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,093,970 shares of company stock valued at $296,365,992. 27.83% of the stock is currently owned by company insiders.
ABNB stock traded down $0.38 during mid-day trading on Friday, hitting $134.39. 5,616,596 shares of the company were exchanged, compared to its average volume of 4,386,382. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $84.74 billion, a P/E ratio of 32.54, a PEG ratio of 3.52 and a beta of 1.10. The business has a fifty day simple moving average of $136.92 and a 200-day simple moving average of $132.44. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10.
Airbnb (NASDAQ:ABNB - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping 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%. On average, equities research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.
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.
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