Bryn Mawr Capital Management LLC Reduces Position in Airbnb, Inc. (NASDAQ:ABNB)

Bryn Mawr Capital Management LLC cut its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,776 shares of the company’s stock after selling 425 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Airbnb were worth $1,195,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ABNB. CVA Family Office LLC purchased a new stake in shares of Airbnb during the fourth quarter valued at $26,000. Orion Capital Management LLC purchased a new stake in shares of Airbnb during the third quarter valued at $27,000. Bfsg LLC purchased a new stake in shares of Airbnb during the fourth quarter valued at $27,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Airbnb during the fourth quarter valued at $30,000. Finally, Farmers & Merchants Investments Inc. purchased a new stake in shares of Airbnb during the third quarter valued at $39,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Trading Up 0.7 %

NASDAQ:ABNB opened at $164.23 on Friday. The stock has a fifty day moving average price of $160.44 and a 200 day moving average price of $143.42. 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 firm has a market cap of $106.27 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25.

Airbnb (NASDAQ:ABNB) last posted 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. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. Sell-side analysts anticipate that Airbnb, Inc. will post 4.47 earnings per share for the current fiscal year.

Insider Activity at Airbnb

In related news, insider Nathan Blecharczyk sold 60,000 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $146.58, for a total value of $8,794,800.00. Following the transaction, the insider now owns 473,762 shares in the company, valued at approximately $69,444,033.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Airbnb news, insider Nathan Blecharczyk sold 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $146.58, for a total transaction of $8,794,800.00. Following the transaction, the insider now owns 473,762 shares in the company, valued at approximately $69,444,033.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Chesky sold 76,912 shares of the business’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 transaction, the chief executive officer now owns 14,545,529 shares in the company, valued at approximately $2,149,683,730.91. 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 quarter. Company insiders own 30.84% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the subject of a number of research reports. BMO Capital Markets boosted their target price on shares of Airbnb from $134.00 to $135.00 and gave the company a “market perform” rating in a research report on Wednesday, February 14th. B. Riley started coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 target price for the company. Royal Bank of Canada increased their target price on shares of Airbnb from $140.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 14th. Piper Sandler lifted their price target on Airbnb from $136.00 to $145.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Finally, Barclays increased their price target on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Monday, January 29th. 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $149.19.

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.