Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Twinbeech Capital LP

Twinbeech Capital LP lowered its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 72.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,560 shares of the company's stock after selling 14,660 shares during the quarter. Twinbeech Capital LP's holdings in Airbnb were worth $731,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of ABNB. Golden State Wealth Management LLC acquired a new stake in Airbnb during the fourth quarter worth approximately $25,000. Berbice Capital Management LLC acquired a new stake in Airbnb during the fourth quarter worth approximately $26,000. Graney & King LLC acquired a new stake in Airbnb during the fourth quarter worth approximately $32,000. Whipplewood Advisors LLC acquired a new position in shares of Airbnb in the 4th quarter valued at $44,000. Finally, Cromwell Holdings LLC boosted its holdings in shares of Airbnb by 82.5% in the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock valued at $49,000 after purchasing an additional 170 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Insiders Place Their Bets

In other Airbnb news, CEO Brian Chesky sold 38,461 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $126.60, for a total transaction of $4,869,162.60. Following the completion of the transaction, the chief executive officer now directly owns 11,770,144 shares of the company's stock, valued at $1,490,100,230.40. This trade represents a 0.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $140.10, for a total transaction of $875,625.00. Following the completion of the transaction, the chief financial officer now directly owns 449,463 shares of the company's stock, valued at $62,969,766.30. This trade represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,631,064 shares of company stock valued at $204,677,803 in the last ninety days. Corporate insiders own 27.91% of the company's stock.

Airbnb Stock Down 0.7%

Airbnb stock traded down $0.93 during midday trading on Friday, hitting $126.72. 4,370,975 shares of the stock were exchanged, compared to its average volume of 4,911,465. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The firm has a market cap of $79.38 billion, a P/E ratio of 30.68, a P/E/G ratio of 3.52 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The company has a 50 day moving average price of $122.43 and a two-hundred day moving average price of $130.98.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Airbnb's revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 earnings per share. On average, sell-side analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ABNB. Susquehanna decreased their price target on shares of Airbnb from $200.00 to $150.00 and set a "positive" rating on the stock in a report on Monday, May 5th. Barclays decreased their price target on shares of Airbnb from $120.00 to $103.00 and set an "underweight" rating on the stock in a report on Friday, May 2nd. B. Riley decreased their price target on shares of Airbnb from $145.00 to $140.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Royal Bank of Canada decreased their price target on shares of Airbnb from $160.00 to $140.00 and set a "sector perform" rating on the stock in a report on Friday, May 2nd. Finally, Robert W. Baird decreased their price target on shares of Airbnb from $175.00 to $160.00 and set an "outperform" rating on the stock in a report on Tuesday, March 25th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Airbnb presently has a consensus rating of "Hold" and an average price target of $141.43.

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.