GFG Capital LLC Trims Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

GFG Capital LLC cut its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,618 shares of the company’s stock after selling 1,535 shares during the quarter. Airbnb comprises approximately 2.5% of GFG Capital LLC’s portfolio, making the stock its 13th biggest holding. GFG Capital LLC’s holdings in Airbnb were worth $9,411,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC purchased a new position in shares of Airbnb in the 4th quarter worth about $25,000. Northwest Investment Counselors LLC purchased a new position in shares of Airbnb in the 3rd quarter worth about $25,000. Berbice Capital Management LLC purchased a new stake in shares of Airbnb during the 4th quarter valued at about $26,000. Hollencrest Capital Management raised its holdings in shares of Airbnb by 6,666.7% during the 3rd 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. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Airbnb during the 3rd quarter valued at about $30,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Nathan Blecharczyk sold 9,603 shares of Airbnb stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the transaction, the insider now owns 164,850 shares in the company, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total value of $89,705.00. Following the transaction, the chief technology officer now owns 182,614 shares in the company, valued at $23,401,984.10. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,417,704 shares of company stock worth $187,654,829 in the last three months. 27.83% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. DA Davidson raised their target price on Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Evercore ISI raised their price objective on Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. Citigroup lifted their target price on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Bank of America lifted their target price on Airbnb to $151.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, Barclays lifted their target price on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Five investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $141.82.

Airbnb Stock Up 0.4 %

ABNB opened at $141.04 on Friday. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The stock’s fifty day moving average is $133.00 and its 200-day moving average is $130.02. The company has a market capitalization of $89.42 billion, a PE ratio of 49.49, a P/E/G ratio of 1.88 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. On average, equities analysts predict that Airbnb, Inc. will post 3.97 EPS for the current fiscal year.

About Airbnb

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.