Brookstone Capital Management Lowers Position in Airbnb, Inc. (NASDAQ:ABNB)

Brookstone Capital Management decreased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNBFree Report) by 13.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,877 shares of the company’s stock after selling 282 shares during the period. Brookstone Capital Management’s holdings in Airbnb were worth $256,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ABNB. Resurgent Financial Advisors LLC purchased a new stake in Airbnb during the second quarter valued at $25,000. Orion Capital Management LLC purchased a new stake in Airbnb during the third quarter valued at $27,000. Farmers & Merchants Investments Inc. purchased a new stake in Airbnb during the third quarter valued at $39,000. Dark Forest Capital Management LP raised its stake in Airbnb by 101.2% during the first quarter. Dark Forest Capital Management LP now owns 332 shares of the company’s stock valued at $41,000 after purchasing an additional 167 shares in the last quarter. Finally, HighMark Wealth Management LLC raised its stake in Airbnb by 3,666.7% during the third quarter. HighMark Wealth Management LLC now owns 339 shares of the company’s stock valued at $47,000 after purchasing an additional 330 shares in the last quarter. Hedge funds and other institutional investors own 44.19% of the company’s stock.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of recent research reports. DA Davidson reaffirmed a “neutral” rating and set a $145.00 price target on shares of Airbnb in a research note on Friday, March 15th. Piper Sandler increased their target price on shares of Airbnb from $136.00 to $145.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Mizuho increased their target price on shares of Airbnb from $130.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Truist Financial increased their target price on shares of Airbnb from $118.00 to $131.00 and gave the company a “hold” rating in a research note on Thursday, March 14th. Finally, Royal Bank of Canada increased their target price on shares of Airbnb from $140.00 to $150.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $144.96.

Get Our Latest Research Report on Airbnb

Insiders Place Their Bets

In other Airbnb news, insider Nathan Blecharczyk sold 40,000 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $132.82, for a total transaction of $5,312,800.00. Following the transaction, the insider now directly owns 613,762 shares in the company, valued at approximately $81,519,868.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Airbnb news, CFO Dave Stephenson sold 25,000 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $134.43, for a total transaction of $3,360,750.00. Following the completion of the sale, the chief financial officer now directly owns 98,828 shares of the company’s stock, valued at $13,285,448.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nathan Blecharczyk sold 40,000 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $132.82, for a total transaction of $5,312,800.00. Following the sale, the insider now directly owns 613,762 shares of the company’s stock, valued at $81,519,868.84. The disclosure for this sale can be found here. Insiders have sold a total of 834,052 shares of company stock worth $123,089,159 in the last three months. Corporate insiders own 30.84% of the company’s stock.

Airbnb Stock Down 0.4 %

Shares of Airbnb stock opened at $167.39 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66. Airbnb, Inc. has a 1 year low of $103.55 and a 1 year high of $170.10. The firm’s 50-day moving average is $153.75 and its two-hundred day moving average is $139.51. The stock has a market cap of $108.31 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 2.13 and a beta of 1.25.

Airbnb (NASDAQ:ABNBGet Free Report) last issued its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.16 billion. As a group, research analysts expect that Airbnb, Inc. will post 4.68 earnings per share for the current fiscal year.

Airbnb Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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