Congress Park Capital LLC Sells 2,046 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Congress Park Capital LLC trimmed its holdings in shares of Airbnb, Inc. (NASDAQ:ABNBFree Report) by 12.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,874 shares of the company’s stock after selling 2,046 shares during the quarter. Congress Park Capital LLC’s holdings in Airbnb were worth $2,025,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Airbnb by 43.0% during the third quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock valued at $4,697,896,000 after acquiring an additional 10,301,746 shares in the last quarter. Norges Bank bought a new position in Airbnb during the fourth quarter valued at $332,438,000. J.P. Morgan Private Wealth Advisors LLC bought a new position in Airbnb during the third quarter valued at $235,338,000. Northern Trust Corp lifted its position in Airbnb by 41.3% during the third quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock valued at $598,745,000 after purchasing an additional 1,276,456 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in Airbnb during the first quarter valued at $173,967,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. TheStreet upgraded shares of Airbnb from a “c-” rating to a “b-” rating in a research report on Tuesday, December 12th. Needham & Company LLC increased their price objective on shares of Airbnb from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Bank of America increased their price objective on shares of Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. BMO Capital Markets raised their target price on shares of Airbnb from $134.00 to $135.00 and gave the stock a “market perform” rating in a report on Wednesday, February 14th. Finally, Royal Bank of Canada raised their target price on shares of Airbnb from $140.00 to $150.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 14th. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $144.96.

Get Our Latest Stock Report on Airbnb

Airbnb Trading Down 0.9 %

NASDAQ ABNB opened at $164.96 on Monday. 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 company has a market capitalization of $106.74 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 2.09 and a beta of 1.25. The company’s 50-day simple moving average is $155.43 and its two-hundred day simple moving average is $139.91. Airbnb, Inc. has a one year low of $103.55 and a one year high of $170.10.

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

Insider Transactions at Airbnb

In other news, CEO Brian Chesky sold 82,636 shares of Airbnb stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $134.32, for a total value of $11,099,667.52. Following the transaction, the chief executive officer now owns 15,282,997 shares of the company’s stock, valued at approximately $2,052,812,157.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Brian Chesky sold 82,636 shares of Airbnb stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $134.32, for a total value of $11,099,667.52. Following the transaction, the chief executive officer now owns 15,282,997 shares of the company’s stock, valued at approximately $2,052,812,157.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nathan Blecharczyk sold 40,000 shares of Airbnb stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $132.82, for a total transaction of $5,312,800.00. Following the completion of the transaction, the insider now directly owns 613,762 shares in the company, valued at approximately $81,519,868.84. The disclosure for this sale can be found here. Insiders have sold a total of 856,222 shares of company stock valued at $126,839,880 in the last 90 days. Insiders own 30.84% of the company’s stock.

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.

Further Reading

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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