Chicago Capital LLC Lowers Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Chicago Capital LLC reduced its position in Airbnb, Inc. (NASDAQ:ABNB) by 26.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,027 shares of the company’s stock after selling 1,419 shares during the quarter. Chicago Capital LLC’s holdings in Airbnb were worth $529,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new stake in shares of Airbnb in the third quarter worth $25,000. Berbice Capital Management LLC purchased a new stake in Airbnb during the 4th quarter worth $26,000. Hollencrest Capital Management increased its holdings in 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 purchasing an additional 200 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Airbnb in the third quarter valued at about $30,000. Finally, Quarry LP acquired a new position in shares of Airbnb during the third quarter worth about $55,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on ABNB shares. JPMorgan Chase & Co. upped their target price on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Evercore ISI raised their target price on Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. Cantor Fitzgerald reiterated an “underweight” rating and issued a $94.00 price target on shares of Airbnb in a research note on Monday, October 7th. Benchmark restated a “buy” rating and set a $155.00 price objective on shares of Airbnb in a research note on Friday, November 8th. Finally, Robert W. Baird lifted their price target 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. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Airbnb currently has an average rating of “Hold” and an average target price of $139.63.

Airbnb Trading Down 1.1 %

Shares of Airbnb stock opened at $129.78 on Tuesday. The business has a fifty day simple moving average of $133.47 and a 200-day simple moving average of $130.39. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm has a market cap of $82.28 billion, a price-to-earnings ratio of 45.54, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last issued 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). The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period in the previous year, the company posted $2.39 earnings per share. On average, equities analysts forecast that Airbnb, Inc. will post 3.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total transaction of $89,705.00. Following the transaction, the chief technology officer now owns 182,614 shares in the company, valued at approximately $23,401,984.10. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total value of $28,088,477.80. Following the sale, the director now owns 10,321 shares of the company’s stock, valued at $1,352,876.68. The trade was a 95.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,372,293 shares of company stock worth $181,759,318. 27.83% of the stock is owned by insiders.

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.