Intellectus Partners LLC Reduces Position in Airbnb, Inc. (NASDAQ:ABNB)

Intellectus Partners LLC lessened its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.2% during the 4th quarter, Holdings Channel reports. The firm owned 13,147 shares of the company’s stock after selling 297 shares during the quarter. Intellectus Partners LLC’s holdings in Airbnb were worth $1,790,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of ABNB. Vanguard Group Inc. grew its position in Airbnb by 43.0% during the 3rd quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock worth $4,697,896,000 after purchasing an additional 10,301,746 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Airbnb during the 3rd quarter worth approximately $235,338,000. Northern Trust Corp boosted 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 acquiring an additional 1,276,456 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Airbnb by 69.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,301,395 shares of the company’s stock valued at $315,774,000 after acquiring an additional 943,520 shares during the last quarter. Finally, Alphinity Investment Management Pty Ltd boosted its holdings in shares of Airbnb by 48.3% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,496,885 shares of the company’s stock valued at $339,926,000 after acquiring an additional 813,074 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

Shares of NASDAQ ABNB traded up $1.22 during mid-day trading on Friday, reaching $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 stock has a 50-day moving average of $160.44 and a two-hundred day moving average of $143.51. The stock has a market capitalization of $106.27 billion, a P/E ratio of 22.68, a P/E/G ratio of 2.18 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. Airbnb, Inc. has a 1-year low of $103.55 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. On average, equities research analysts anticipate that Airbnb, Inc. will post 4.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. BMO Capital Markets upped their price objective on shares of Airbnb from $134.00 to $135.00 and gave the company a “market perform” rating in a report on Wednesday, February 14th. Piper Sandler upped their price objective on shares of Airbnb from $136.00 to $145.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Barclays upped their price objective on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Monday, January 29th. JPMorgan Chase & Co. upped their price objective on shares of Airbnb from $118.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Finally, Benchmark began coverage on shares of Airbnb in a research note on Thursday, April 11th. They issued a “buy” rating and a $190.00 target price for the company. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $149.19.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $163.00, for a total value of $97,800.00. Following the completion of the sale, the chief technology officer now owns 144,931 shares of the company’s stock, valued at $23,623,753. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Airbnb news, insider Nathan Blecharczyk sold 60,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 473,762 shares of the company’s stock, valued at $69,444,033.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $163.00, for a total transaction of $97,800.00. Following the transaction, the chief technology officer now directly owns 144,931 shares of the company’s stock, valued at approximately $23,623,753. The disclosure for this sale can be found here. Over the last quarter, insiders sold 456,274 shares of company stock valued at $72,410,859. 30.84% of the stock is owned by company insiders.

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.