Sentry Investment Management LLC Sells 1,061 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Sentry Investment Management LLC lessened its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 43.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,397 shares of the company’s stock after selling 1,061 shares during the period. Sentry Investment Management LLC’s holdings in Airbnb were worth $190,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Waldron Private Wealth LLC grew its holdings in shares of Airbnb by 0.5% during the fourth quarter. Waldron Private Wealth LLC now owns 16,171 shares of the company’s stock valued at $2,201,000 after buying an additional 78 shares during the last quarter. Grove Bank & Trust increased its holdings in Airbnb by 7.8% during the 4th quarter. Grove Bank & Trust now owns 14,390 shares of the company’s stock worth $1,959,000 after purchasing an additional 1,040 shares in the last quarter. Conning Inc. bought a new position in shares of Airbnb in the fourth quarter valued at approximately $222,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Airbnb by 2.2% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,078,594 shares of the company’s stock valued at $146,840,000 after buying an additional 23,178 shares during the last quarter. Finally, Capital Advisors Inc. OK boosted its position in shares of Airbnb by 2.9% during the fourth quarter. Capital Advisors Inc. OK now owns 97,458 shares of the company’s stock valued at $13,268,000 after buying an additional 2,744 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on ABNB. Benchmark started coverage on Airbnb in a research note on Thursday, April 11th. They set a “buy” rating and a $190.00 price objective on the stock. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a report on Thursday, April 11th. Royal Bank of Canada upped their price objective on shares of Airbnb from $140.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 14th. 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. Finally, Truist Financial upped their target price on Airbnb from $118.00 to $131.00 and gave the company a “hold” rating in a report on Thursday, March 14th. Four research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Airbnb currently has an average rating of “Hold” and an average price target of $147.58.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 78,682 shares of Airbnb stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the completion of the transaction, the chief technology officer now owns 144,331 shares in the company, valued at $24,435,238.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CTO Aristotle N. Balogh sold 78,682 shares of the company’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 in the company, valued at approximately $24,435,238.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brian Chesky sold 4,350 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $140.03, for a total value of $609,130.50. Following the completion of the transaction, the chief executive officer now directly owns 14,933,297 shares in the company, valued at $2,091,109,578.91. The disclosure for this sale can be found here. Insiders have sold 490,584 shares of company stock valued at $77,302,032 over the last quarter. Corporate insiders own 30.84% of the company’s stock.

Airbnb Stock Performance

NASDAQ:ABNB opened at $156.66 on Wednesday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. The firm’s fifty day simple moving average is $158.99 and its 200 day simple moving average is $141.85. The stock has a market cap of $101.37 billion, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 2.04 and a beta of 1.25. Airbnb, Inc. has a twelve month low of $103.55 and a twelve month high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate 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%. As a group, research analysts predict that Airbnb, Inc. will post 4.63 EPS for the current 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.