Oak Thistle LLC Sells 9,215 Shares of Airbnb, Inc. $ABNB

Oak Thistle LLC lowered its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 50.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,177 shares of the company’s stock after selling 9,215 shares during the period. Oak Thistle LLC’s holdings in Airbnb were worth $1,114,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harris Associates L P lifted its holdings in shares of Airbnb by 86.0% during the 1st quarter. Harris Associates L P now owns 9,944,948 shares of the company’s stock worth $1,188,024,000 after acquiring an additional 4,598,125 shares during the period. Norges Bank acquired a new position in Airbnb in the second quarter worth about $483,644,000. AQR Capital Management LLC lifted its stake in Airbnb by 81.0% during the first quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock worth $500,755,000 after purchasing an additional 1,916,676 shares during the period. Amundi boosted its holdings in Airbnb by 112.3% during the second quarter. Amundi now owns 2,670,251 shares of the company’s stock valued at $361,525,000 after purchasing an additional 1,412,608 shares in the last quarter. Finally, McElhenny Sheffield Capital Management LLC acquired a new stake in Airbnb during the second quarter valued at approximately $170,189,000. Institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on ABNB. KeyCorp started coverage on Airbnb in a research report on Thursday, October 23rd. They set a “sector weight” rating for the company. BNP Paribas Exane initiated coverage on Airbnb in a report on Monday, November 24th. They set a “neutral” rating for the company. Sanford C. Bernstein restated an “outperform” rating and issued a $165.00 target price on shares of Airbnb in a research note on Friday, November 7th. Jefferies Financial Group increased their target price on shares of Airbnb from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Finally, DA Davidson restated a “buy” rating and issued a $155.00 price target on shares of Airbnb in a research report on Friday, December 5th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nineteen have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $144.28.

Insider Transactions at Airbnb

In other Airbnb news, CEO Brian Chesky sold 51,230 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $131.16, for a total value of $6,719,326.80. Following the transaction, the chief executive officer directly owned 45,854 shares in the company, valued at approximately $6,014,210.64. This trade represents a 52.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction on Monday, November 10th. The shares were sold at an average price of $120.66, for a total value of $28,475,760.00. Following the completion of the sale, the director directly owned 232,015 shares of the company’s stock, valued at $27,994,929.90. This trade represents a 50.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,737,378 shares of company stock worth $212,009,665. Corporate insiders own 27.91% of the company’s stock.

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $133.99 on Friday. The business has a fifty day moving average of $123.02 and a 200-day moving average of $127.54. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The firm has a market cap of $82.48 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 2.35 and a beta of 1.11.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.08 billion. Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The firm’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.13 EPS. On average, analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

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.