Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 0.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,858,509 shares of the company’s stock after selling 12,187 shares during the period. Vanguard Group Inc. owned about 5.81% of Airbnb worth $4,843,577,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ABNB. Golden State Wealth Management LLC acquired a new position in Airbnb in the 4th quarter worth $25,000. Berbice Capital Management LLC purchased a new stake in shares of Airbnb during the fourth quarter worth about $26,000. Whipplewood Advisors LLC acquired a new position in shares of Airbnb in the fourth quarter worth about $44,000. Cromwell Holdings LLC boosted its holdings in Airbnb by 82.5% in the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after purchasing an additional 170 shares during the last quarter. Finally, Quarry LP acquired a new stake in Airbnb during the 3rd quarter valued at approximately $55,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Trading Up 0.8 %

Shares of NASDAQ:ABNB opened at $129.82 on Tuesday. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.00. 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 firm has a market cap of $81.86 billion, a P/E ratio of 31.43, a P/E/G ratio of 3.52 and a beta of 1.10. The company has a 50 day moving average of $135.74 and a 200-day moving average of $133.53.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates 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 anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ABNB shares. Susquehanna upped their target price on Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a research report on Tuesday, February 18th. Baird R W upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Wedbush reissued an “outperform” rating and issued a $155.00 target price on shares of Airbnb in a research report on Tuesday, February 4th. Jefferies Financial Group upgraded shares of Airbnb from a “hold” rating to a “buy” rating and upped their target price for the company from $165.00 to $185.00 in a research note on Monday, March 10th. Finally, Tigress Financial lifted their price target on Airbnb from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, March 14th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $147.82.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $126.00, for a total transaction of $88,200.00. Following the completion of the sale, the chief technology officer now directly owns 171,419 shares in the company, valued at approximately $21,598,794. This trade represents a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Brian Chesky sold 38,461 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $135.82, for a total value of $5,223,773.02. Following the completion of the transaction, the chief executive officer now directly owns 12,498,908 shares in the company, valued at $1,697,601,684.56. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,055,909 shares of company stock valued at $289,763,290 over the last 90 days. 27.83% of the stock is currently owned by corporate insiders.

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.