Doliver Advisors LP Reduces Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Doliver Advisors LP lessened its stake in Airbnb, Inc. (NASDAQ:ABNB) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,972 shares of the company’s stock after selling 218 shares during the period. Doliver Advisors LP’s holdings in Airbnb were worth $653,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new position in Airbnb in the third quarter valued at about $25,000. Hollencrest Capital Management grew its position in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after buying an additional 200 shares during the period. Ashton Thomas Securities LLC purchased a new stake in Airbnb during the third quarter valued at approximately $30,000. Quarry LP bought a new position in Airbnb in the third quarter worth approximately $55,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of Airbnb by 73.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 375 shares of the company’s stock worth $57,000 after acquiring an additional 159 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Trading Down 0.5 %

ABNB traded down $0.71 during trading on Monday, reaching $135.00. The company had a trading volume of 2,466,816 shares, compared to its average volume of 2,864,211. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The business has a 50 day simple moving average of $135.46 and a 200-day simple moving average of $133.18. The stock has a market cap of $85.59 billion, a P/E ratio of 47.37, a PEG 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 quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the prior year, the firm posted $2.39 earnings per share. On average, equities analysts anticipate that Airbnb, Inc. will post 3.99 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. TD Cowen lifted their target price on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Cantor Fitzgerald reaffirmed an “underweight” rating and set a $94.00 price objective on shares of Airbnb in a research report on Monday, October 7th. Truist Financial cut their price objective on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research note on Wednesday, December 4th. Susquehanna raised their target price on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research note on Monday, November 11th. Finally, Mizuho reduced their price objective on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, September 13th. Six equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average target price of $139.48.

Insider Transactions at Airbnb

In related news, CAO David C. Bernstein sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $137.00, for a total value of $137,000.00. Following the transaction, the chief accounting officer now owns 40,581 shares of the company’s stock, valued at $5,559,597. This trade represents a 2.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $130.15, for a total transaction of $78,090.00. Following the completion of the sale, the chief technology officer now directly owns 194,044 shares of the company’s stock, valued at approximately $25,254,826.60. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 675,961 shares of company stock worth $90,169,271. 27.83% of the stock is currently owned by company 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.