Versor Investments LP Reduces Stake in Airbnb, Inc. (NASDAQ:ABNB)

Versor Investments LP lessened its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 49.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,104 shares of the company’s stock after selling 4,932 shares during the quarter. Versor Investments LP’s holdings in Airbnb were worth $671,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Proficio Capital Partners LLC boosted its position in shares of Airbnb by 1,171.2% during the fourth quarter. Proficio Capital Partners LLC now owns 149,502 shares of the company’s stock valued at $19,646,000 after buying an additional 137,741 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of Airbnb by 2.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 149,312 shares of the company’s stock valued at $19,621,000 after buying an additional 3,971 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in shares of Airbnb by 2.0% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 171,600 shares of the company’s stock valued at $22,550,000 after buying an additional 3,400 shares during the period. K.J. Harrison & Partners Inc purchased a new position in shares of Airbnb during the fourth quarter valued at approximately $657,000. Finally, Allegiance Financial Group Advisory Services LLC purchased a new position in shares of Airbnb during the fourth quarter valued at approximately $332,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 500 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $136.01, for a total value of $68,005.00. Following the transaction, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at $25,218,158.14. This represents a 0.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Chesky sold 230,772 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $161.16, for a total value of $37,191,215.52. Following the completion of the transaction, the chief executive officer now directly owns 12,000,913 shares in the company, valued at approximately $1,934,067,139.08. The trade was a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,117,468 shares of company stock valued at $299,565,586 in the last ninety days. Company insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

Shares of ABNB stock opened at $138.87 on Friday. The business’s fifty day simple moving average is $136.52 and its 200-day simple moving average is $131.81. The company has a market cap of $87.56 billion, a PE ratio of 33.62, a PEG ratio of 3.52 and a beta of 1.12. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Phillip Securities reiterated a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a report on Tuesday, November 12th. Argus upgraded Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Morgan Stanley boosted their price target on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Finally, Wedbush reiterated an “outperform” rating and issued a $155.00 price target on shares of Airbnb in a report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $146.48.

Airbnb 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.