Trexquant Investment LP Sells 108,947 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Trexquant Investment LP reduced its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 74.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 36,922 shares of the company’s stock after selling 108,947 shares during the period. Trexquant Investment LP’s holdings in Airbnb were worth $5,027,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. CVA Family Office LLC bought a new stake in shares of Airbnb during the 4th quarter worth $26,000. Orion Capital Management LLC purchased a new position in Airbnb in the 3rd quarter worth $27,000. Bfsg LLC purchased a new position in Airbnb in the 4th quarter worth $27,000. McGlone Suttner Wealth Management Inc. purchased a new position in Airbnb in the 4th quarter worth $30,000. Finally, Venturi Wealth Management LLC raised its position in Airbnb by 36.2% in the 4th quarter. Venturi Wealth Management LLC now owns 301 shares of the company’s stock worth $41,000 after purchasing an additional 80 shares during the period. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $142.71 on Thursday. The firm has a fifty day moving average price of $158.48 and a 200-day moving average price of $147.44. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a market cap of $91.91 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 1.78 and a beta of 1.24. Airbnb, Inc. has a 1 year low of $103.74 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.18. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The company’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 earnings per share. Equities analysts anticipate that Airbnb, Inc. will post 4.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of analyst reports. Susquehanna lifted their target price on shares of Airbnb from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Wednesday, February 14th. BMO Capital Markets lifted their target price on shares of Airbnb from $135.00 to $151.00 and gave the stock a “market perform” rating in a research report on Thursday, May 9th. Wells Fargo & Company lifted their target price on shares of Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a research report on Monday, April 1st. Bank of America boosted their price objective on shares of Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. Finally, TD Cowen decreased their price objective on shares of Airbnb from $180.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $152.13.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $145.71, for a total transaction of $87,426.00. Following the completion of the transaction, the chief technology officer now owns 212,374 shares in the company, valued at $30,945,015.54. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CTO Aristotle N. Balogh sold 78,682 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $169.30, for a total value of $13,320,862.60. Following the transaction, the chief technology officer now owns 144,331 shares of the company’s stock, valued at approximately $24,435,238.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $145.71, for a total transaction of $87,426.00. Following the completion of the transaction, the chief technology officer now directly owns 212,374 shares in the company, valued at approximately $30,945,015.54. The disclosure for this sale can be found here. Over the last quarter, insiders sold 313,324 shares of company stock worth $51,386,281. 27.83% of the stock is owned by insiders.

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.