Value Star Asset Management Hong Kong Ltd Trims Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Value Star Asset Management Hong Kong Ltd lowered its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 57.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,000 shares of the company’s stock after selling 4,000 shares during the quarter. Airbnb accounts for approximately 0.1% of Value Star Asset Management Hong Kong Ltd’s portfolio, making the stock its 21st biggest position. Value Star Asset Management Hong Kong Ltd’s holdings in Airbnb were worth $408,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Triumph Capital Management bought a new stake in shares of Airbnb in the 4th quarter valued at approximately $203,000. Andina Capital Management LLC acquired a new stake in Airbnb during the fourth quarter worth about $360,000. Victory Capital Management Inc. boosted its stake in Airbnb by 4.8% in the fourth quarter. Victory Capital Management Inc. now owns 463,943 shares of the company’s stock valued at $63,161,000 after acquiring an additional 21,301 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in shares of Airbnb by 2.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 14,080 shares of the company’s stock worth $1,917,000 after purchasing an additional 293 shares during the last quarter. Finally, Steele Capital Management Inc. bought a new position in Airbnb during the 4th quarter worth $415,000. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ABNB. Piper Sandler increased their price objective on shares of Airbnb from $136.00 to $145.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Wells Fargo & Company upped their price objective on shares of Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a report on Monday, April 1st. Royal Bank of Canada upped their price target on shares of Airbnb from $140.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 14th. Mizuho raised Airbnb from a “neutral” rating to a “buy” rating and increased their price target for the company from $150.00 to $200.00 in a research note on Wednesday, April 24th. Finally, Barclays upped their price objective on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Monday, January 29th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $149.19.

Insider Buying and Selling

In related news, CFO Dave Stephenson sold 7,838 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $145.98, for a total transaction of $1,144,191.24. Following the sale, the chief financial officer now owns 85,802 shares in the company, valued at $12,525,375.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Airbnb news, CFO Dave Stephenson sold 7,838 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $145.98, for a total transaction of $1,144,191.24. Following the completion of the sale, the chief financial officer now directly owns 85,802 shares in the company, valued at $12,525,375.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Chesky sold 76,912 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $147.79, for a total value of $11,366,824.48. Following the transaction, the chief executive officer now owns 14,545,529 shares in the company, valued at approximately $2,149,683,730.91. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 396,274 shares of company stock worth $63,616,059. 27.83% of the stock is owned by insiders.

Airbnb Trading Down 1.5 %

NASDAQ:ABNB traded down $2.41 on Wednesday, hitting $156.16. 2,746,201 shares of the stock were exchanged, compared to its average volume of 4,456,919. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a market capitalization of $101.05 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 2.16 and a beta of 1.25. The company’s 50-day moving average price is $160.84 and its 200 day moving average price is $144.10. Airbnb, Inc. has a 52 week low of $103.55 and a 52 week high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.67 by $0.09. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. On average, equities research analysts forecast that Airbnb, Inc. will post 4.47 earnings per share for the current year.

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.