Terra Nova Asset Management LLC Has $1.78 Million Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

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

A number of other large investors have also recently bought and sold shares of ABNB. Chicago Partners Investment Group LLC raised its stake in Airbnb by 5.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,823 shares of the company’s stock valued at $250,000 after acquiring an additional 89 shares during the period. Parkside Financial Bank & Trust raised its stake in Airbnb by 33.0% in the 1st quarter. Parkside Financial Bank & Trust now owns 399 shares of the company’s stock valued at $69,000 after acquiring an additional 99 shares during the period. Integrated Wealth Concepts LLC raised its stake in Airbnb by 0.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 13,937 shares of the company’s stock valued at $1,912,000 after acquiring an additional 103 shares during the period. EverSource Wealth Advisors LLC raised its stake in Airbnb by 15.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 794 shares of the company’s stock valued at $109,000 after acquiring an additional 108 shares during the period. Finally, Apollon Wealth Management LLC grew its holdings in Airbnb by 4.2% in the 1st quarter. Apollon Wealth Management LLC now owns 2,675 shares of the company’s stock valued at $333,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. JPMorgan Chase & Co. upped their price objective on Airbnb from $118.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. UBS Group reduced their target price on Airbnb from $148.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Mizuho increased their target price on Airbnb from $130.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, January 17th. Bank of America increased their target price on Airbnb from $155.00 to $168.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. Finally, TheStreet raised Airbnb from a “c-” rating to a “b-” rating in a research note on Tuesday, December 12th. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and a consensus target price of $144.96.

Airbnb Stock Performance

Airbnb stock opened at $164.96 on Friday. 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 1-year low of $103.55 and a 1-year high of $170.10. The firm has a market capitalization of $106.74 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 2.12 and a beta of 1.25. The firm’s 50 day simple moving average is $154.93 and its 200 day simple moving average is $139.87.

Airbnb (NASDAQ:ABNB) last released its quarterly 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 business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. As a group, analysts expect that Airbnb, Inc. will post 4.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 2,750 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $134.43, for a total transaction of $369,682.50. Following the completion of the sale, the chief technology officer now owns 156,646 shares of the company’s stock, valued at approximately $21,057,921.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Airbnb news, CEO Brian Chesky sold 82,636 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $134.32, for a total value of $11,099,667.52. Following the completion of the transaction, the chief executive officer now directly owns 15,282,997 shares in the company, valued at approximately $2,052,812,157.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 2,750 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $134.43, for a total transaction of $369,682.50. Following the completion of the transaction, the chief technology officer now owns 156,646 shares of the company’s stock, valued at $21,057,921.78. The disclosure for this sale can be found here. Insiders sold 856,222 shares of company stock valued at $126,839,880 in the last quarter. Company insiders own 30.84% of the company’s stock.

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.