Swiss National Bank Sells 67,600 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Swiss National Bank cut its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,243,000 shares of the company’s stock after selling 67,600 shares during the quarter. Swiss National Bank owned approximately 0.20% of Airbnb worth $163,343,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ABNB. Sigma Planning Corp increased its holdings in shares of Airbnb by 3.2% in the third quarter. Sigma Planning Corp now owns 7,194 shares of the company’s stock worth $912,000 after purchasing an additional 221 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Airbnb in the third quarter worth about $30,000. Apollon Wealth Management LLC increased its holdings in shares of Airbnb by 3.9% in the third quarter. Apollon Wealth Management LLC now owns 8,705 shares of the company’s stock worth $1,104,000 after purchasing an additional 328 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Airbnb by 40.7% in the third quarter. Victory Capital Management Inc. now owns 716,230 shares of the company’s stock worth $90,825,000 after purchasing an additional 207,062 shares during the last quarter. Finally, MQS Management LLC increased its holdings in shares of Airbnb by 26.3% in the third quarter. MQS Management LLC now owns 3,002 shares of the company’s stock worth $381,000 after purchasing an additional 626 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $131.88, for a total transaction of $28,259,905.80. Following the sale, the director now owns 1,285,715 shares of the company’s stock, valued at approximately $169,560,094.20. This trade represents a 14.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 38,461 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $133.58, for a total value of $5,137,620.38. Following the sale, the chief executive officer now owns 12,537,369 shares of the company’s stock, valued at approximately $1,674,741,751.02. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,269,494 shares of company stock valued at $318,203,453. 27.83% of the stock is currently owned by corporate insiders.

Airbnb Stock Down 5.7 %

Shares of NASDAQ ABNB opened at $119.38 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $75.27 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. The stock’s fifty day simple moving average is $136.49 and its two-hundred day simple moving average is $132.80. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. As a group, analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on ABNB. The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $110.00 to $153.00 in a report on Friday, February 14th. Bank of America boosted their price objective on Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. DA Davidson boosted their price objective on Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Evercore ISI boosted their price objective on Airbnb to $155.00 and gave the stock a “hold” rating in a research note on Wednesday, January 15th. Finally, Benchmark boosted their price objective on Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $148.00.

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.