Terra Nova Asset Management LLC Sells 235 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Terra Nova Asset Management LLC cut its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 1.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 13,084 shares of the company’s stock after selling 235 shares during the period. Airbnb comprises approximately 1.6% of Terra Nova Asset Management LLC’s portfolio, making the stock its 29th largest holding. Terra Nova Asset Management LLC’s holdings in Airbnb were worth $1,781,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ABNB. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Airbnb by 9.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 772,642 shares of the company’s stock valued at $132,709,000 after acquiring an additional 63,601 shares during the period. TradeLink Capital LLC purchased a new position in shares of Airbnb in the first quarter valued at about $945,000. Synovus Financial Corp increased its position in shares of Airbnb by 22.5% in the first quarter. Synovus Financial Corp now owns 1,490 shares of the company’s stock valued at $256,000 after acquiring an additional 274 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Airbnb by 27.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,519 shares of the company’s stock valued at $433,000 after acquiring an additional 549 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Airbnb during the first quarter valued at about $2,125,000. 80.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Barclays boosted their price target on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research report on Monday, January 29th. BMO Capital Markets boosted their price objective on shares of Airbnb from $134.00 to $135.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 14th. Wedbush reissued a “neutral” rating and set a $160.00 price objective (up previously from $150.00) on shares of Airbnb in a research note on Wednesday, February 14th. DA Davidson reissued a “neutral” rating and set a $145.00 price objective on shares of Airbnb in a research note on Friday, March 15th. Finally, Needham & Company LLC increased their price objective on shares of Airbnb from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and an average target price of $144.96.

Insider Buying and Selling at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on 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 transaction, the chief technology officer now directly owns 144,931 shares in the company, valued at approximately $23,623,753. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’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 in the company, valued at $23,623,753. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 40,000 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $132.82, for a total transaction of $5,312,800.00. Following the completion of the sale, the insider now owns 613,762 shares of the company’s stock, valued at $81,519,868.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 856,222 shares of company stock worth $126,839,880. Company insiders own 30.84% of the company’s stock.

Airbnb Stock Down 0.9 %

Shares of Airbnb stock opened at $164.96 on Friday. The firm’s 50 day moving average price is $154.93 and its 200-day moving average price is $139.87. 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 52-week low of $103.55 and a 52-week high of $170.10. The company has a market cap of $106.74 billion, a P/E ratio of 22.78, a PEG ratio of 2.12 and a beta of 1.25.

Airbnb (NASDAQ:ABNB) last released its earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping 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 company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. On average, sell-side analysts predict that Airbnb, Inc. will post 4.68 EPS for the current fiscal year.

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.