Value Star Asset Management Hong Kong Ltd Has $408,000 Stake in Airbnb, Inc. (NASDAQ:ABNB)

Value Star Asset Management Hong Kong Ltd lowered its stake in Airbnb, Inc. (NASDAQ:ABNB) by 57.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,000 shares of the company’s stock after selling 4,000 shares during the quarter. Airbnb comprises approximately 0.1% of Value Star Asset Management Hong Kong Ltd’s holdings, making the stock its 21st largest holding. Value Star Asset Management Hong Kong Ltd’s holdings in Airbnb were worth $408,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Airbnb by 43.0% in the 3rd quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock valued at $4,697,896,000 after acquiring an additional 10,301,746 shares during the period. Northern Trust Corp grew its holdings in shares of Airbnb by 41.3% in the 3rd quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock valued at $598,745,000 after buying an additional 1,276,456 shares during the period. Legal & General Group Plc increased its position in shares of Airbnb by 5.0% in the 3rd quarter. Legal & General Group Plc now owns 2,568,807 shares of the company’s stock valued at $352,466,000 after buying an additional 121,651 shares in the last quarter. Alphinity Investment Management Pty Ltd raised its stake in Airbnb by 48.3% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,496,885 shares of the company’s stock worth $339,926,000 after buying an additional 813,074 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Airbnb by 69.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,301,395 shares of the company’s stock worth $315,774,000 after buying an additional 943,520 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on ABNB. B. Riley started coverage on Airbnb in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price target for the company. Royal Bank of Canada raised their price objective on Airbnb from $140.00 to $150.00 and gave the company a “sector perform” rating in a report on Wednesday, February 14th. BMO Capital Markets increased their price target on Airbnb from $134.00 to $135.00 and gave the company a “market perform” rating in a research report on Wednesday, February 14th. Mizuho raised shares of Airbnb from a “neutral” rating to a “buy” rating and upped their target price for the company from $150.00 to $200.00 in a report on Wednesday, April 24th. Finally, Susquehanna lifted their price target on Airbnb from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Wednesday, February 14th. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Airbnb currently has an average rating of “Hold” and an average price target of $149.19.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $157.24, for a total value of $94,344.00. Following the completion of the sale, the chief technology officer now directly owns 221,104 shares in the company, valued at $34,766,392.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Brian Chesky sold 76,912 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $147.79, for a total value of $11,366,824.48. Following the sale, the chief executive officer now owns 14,545,529 shares in the company, valued at $2,149,683,730.91. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $157.24, for a total transaction of $94,344.00. Following the sale, the chief technology officer now owns 221,104 shares of the company’s stock, valued at $34,766,392.96. The disclosure for this sale can be found here. In the last three months, insiders sold 396,274 shares of company stock valued at $63,616,059. Corporate insiders own 27.83% of the company’s stock.

Airbnb Trading Down 1.5 %

Shares of ABNB traded down $2.41 during trading hours on Wednesday, reaching $156.16. 2,746,201 shares of the company traded hands, compared to its average volume of 4,456,919. The firm has a market cap of $101.05 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 2.16 and a beta of 1.25. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 12-month low of $103.55 and a 12-month high of $170.10. The stock’s fifty day moving average price is $160.84 and its 200 day moving average price is $144.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.67 by $0.09. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. Sell-side analysts forecast that Airbnb, Inc. will post 4.47 earnings per share for the current year.

Airbnb 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.