Jump Financial LLC Sells 3,001,614 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Jump Financial LLC trimmed its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 99.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,441 shares of the company’s stock after selling 3,001,614 shares during the period. Jump Financial LLC’s holdings in Airbnb were worth $1,898,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ABNB. Guggenheim Capital LLC grew its holdings in Airbnb by 4.6% in the 4th quarter. Guggenheim Capital LLC now owns 123,154 shares of the company’s stock valued at $16,184,000 after buying an additional 5,395 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of Airbnb in the fourth quarter valued at approximately $16,349,000. XTX Topco Ltd grew its stake in shares of Airbnb by 83.9% in the fourth quarter. XTX Topco Ltd now owns 8,580 shares of the company’s stock worth $1,127,000 after acquiring an additional 3,914 shares during the last quarter. Mariner LLC increased its position in Airbnb by 0.7% during the fourth quarter. Mariner LLC now owns 49,203 shares of the company’s stock worth $6,466,000 after acquiring an additional 325 shares during the period. Finally, Reynders McVeigh Capital Management LLC acquired a new position in Airbnb during the 4th quarter valued at $7,286,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ABNB shares. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research report on Friday, February 14th. Benchmark lifted their target price on Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Wedbush reaffirmed an “outperform” rating and issued a $155.00 price target on shares of Airbnb in a report on Tuesday, February 4th. HSBC raised Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Finally, Canaccord Genuity Group upped their target price on Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and a consensus target price of $146.94.

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $112.70 on Friday. The company has a market capitalization of $71.06 billion, a price-to-earnings ratio of 27.29, a P/E/G ratio of 3.52 and a beta of 1.15. The firm’s 50 day simple moving average is $129.19 and its 200 day simple moving average is $132.31. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $166.74.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, sell-side analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insiders Place Their Bets

In other Airbnb news, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction that occurred 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 transaction, the chief executive officer now owns 12,000,913 shares of the company’s stock, valued at approximately $1,934,067,139.08. The trade was a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $129.58, for a total transaction of $809,875.00. Following the sale, the chief financial officer now directly owns 484,988 shares of the company’s stock, valued at $62,844,745.04. This represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,037,307 shares of company stock worth $280,842,374. Corporate insiders own 27.83% of the company’s stock.

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.