Airbnb, Inc. (NASDAQ:ABNB) Stock Holdings Lowered by Salem Investment Counselors Inc.

Salem Investment Counselors Inc. cut its position in Airbnb, Inc. (NASDAQ:ABNB) by 30.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,925 shares of the company’s stock after selling 7,844 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Airbnb were worth $2,356,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new position in shares of Airbnb during the third quarter valued at $25,000. Hollencrest Capital Management grew its position 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 buying an additional 200 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Airbnb during the 3rd quarter valued at about $30,000. Quarry LP bought a new stake in shares of Airbnb during the 3rd quarter worth about $55,000. Finally, CVA Family Office LLC lifted its stake in shares of Airbnb by 131.2% in the 3rd quarter. CVA Family Office LLC now owns 474 shares of the company’s stock worth $60,000 after acquiring an additional 269 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Airbnb

In other Airbnb news, CEO Brian Chesky sold 76,923 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $139.94, for a total value of $10,764,604.62. Following the completion of the sale, the chief executive officer now owns 12,616,300 shares in the company, valued at approximately $1,765,525,022. This trade represents a 0.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total value of $68,005.00. Following the sale, the chief technology officer now owns 185,414 shares in the company, valued at approximately $25,218,158.14. This represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 915,997 shares of company stock worth $122,800,660. Insiders own 27.83% of the company’s stock.

Airbnb Trading Down 0.6 %

Shares of NASDAQ:ABNB opened at $128.85 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The stock’s 50-day moving average is $134.82 and its 200-day moving average is $132.39. The company has a market cap of $81.69 billion, a P/E ratio of 45.21, a P/E/G ratio of 1.93 and a beta of 1.13. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10.

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

Analyst Ratings Changes

A number of research analysts recently commented on ABNB shares. Bank of America raised their price objective on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Truist Financial dropped their price objective on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research note on Wednesday, December 4th. Susquehanna raised their target price on Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a research note on Monday, November 11th. Cantor Fitzgerald reiterated an “underweight” rating and issued a $94.00 price target on shares of Airbnb in a research report on Monday, October 7th. Finally, Wells Fargo & Company raised their price objective on shares of Airbnb from $100.00 to $102.00 and gave the company an “underweight” rating in a research report on Tuesday, October 8th. Six 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $139.32.

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.