Blue Trust Inc. Sells 1,074 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Blue Trust Inc. reduced its stake in Airbnb, Inc. (NASDAQ:ABNB) by 68.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 495 shares of the company’s stock after selling 1,074 shares during the period. Blue Trust Inc.’s holdings in Airbnb were worth $65,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb during the fourth quarter worth $25,000. Hollencrest Capital Management raised its stake in shares of Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares during the period. Berbice Capital Management LLC bought a new stake in shares of Airbnb in the fourth quarter valued at about $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Airbnb during the third quarter worth about $30,000. Finally, Quarry LP bought a new position in shares of Airbnb during the third quarter worth about $55,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Down 0.9 %

Shares of NASDAQ ABNB opened at $144.82 on Tuesday. 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 firm’s 50-day moving average is $135.71 and its two-hundred day moving average is $131.30. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a market capitalization of $91.31 billion, a PE ratio of 35.07, a price-to-earnings-growth ratio of 3.74 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, February 13th. The company reported $0.73 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%. Equities analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Transactions at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 19,448 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $137.14, for a total value of $2,667,098.72. Following the completion of the sale, the director now directly owns 2,509 shares in the company, valued at $344,084.26. This represents a 88.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 500 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $136.01, for a total transaction of $68,005.00. Following the completion of the sale, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at $25,218,158.14. The trade was a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,876,329 shares of company stock valued at $265,258,279. Insiders own 27.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ABNB shares. Citigroup boosted their price objective on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Barclays boosted their price target on shares of Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a research report on Friday, February 14th. Gordon Haskett raised Airbnb from a “sell” rating to a “hold” rating and set a $143.00 target price on the stock in a research report on Friday, February 14th. Benchmark increased their price target on Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Canaccord Genuity Group boosted their price target on Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Five analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $146.48.

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.