Intellectus Partners LLC Sells 297 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Intellectus Partners LLC trimmed its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,147 shares of the company’s stock after selling 297 shares during the period. Intellectus Partners LLC’s holdings in Airbnb were worth $1,790,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. CVA Family Office LLC bought a new position in Airbnb in the fourth quarter worth about $26,000. Orion Capital Management LLC bought a new position in Airbnb in the third quarter worth about $27,000. Bfsg LLC bought a new position in Airbnb in the fourth quarter worth about $27,000. McGlone Suttner Wealth Management Inc. bought a new position in Airbnb in the fourth quarter worth about $30,000. Finally, Farmers & Merchants Investments Inc. purchased a new stake in Airbnb in the third quarter worth about $39,000. 80.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ABNB. Piper Sandler upped their price objective on shares of Airbnb from $136.00 to $145.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Truist Financial upped their price objective on shares of Airbnb from $118.00 to $131.00 and gave the stock a “hold” rating in a report on Thursday, March 14th. B. Riley began coverage on shares of Airbnb in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price objective on the stock. Susquehanna upped their price objective on shares of Airbnb from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Wednesday, February 14th. Finally, Benchmark began coverage on shares of Airbnb in a report on Thursday, April 11th. They issued a “buy” rating and a $190.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $149.19.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $163.00, for a total transaction of $97,800.00. Following the sale, the chief technology officer now directly owns 144,931 shares in the company, valued at approximately $23,623,753. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $163.00, for a total transaction of $97,800.00. Following the completion of the transaction, the chief technology officer now directly owns 144,931 shares of the company’s stock, valued at $23,623,753. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 60,000 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $146.58, for a total transaction of $8,794,800.00. Following the transaction, the insider now directly owns 473,762 shares of the company’s stock, valued at $69,444,033.96. The disclosure for this sale can be found here. Insiders have sold 456,274 shares of company stock worth $72,410,859 in the last three months. Company insiders own 30.84% of the company’s stock.

Airbnb Stock Performance

ABNB traded up $1.22 during trading on Friday, hitting $164.23. The company’s stock had a trading volume of 2,821,077 shares, compared to its average volume of 2,991,706. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a one year low of $103.55 and a one year high of $170.10. The firm has a market cap of $106.27 billion, a PE ratio of 22.68, a P/E/G ratio of 2.18 and a beta of 1.25. The business’s 50 day simple moving average is $160.44 and its 200-day simple moving average is $143.51.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.67 by $0.09. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.47 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.