Keystone Investors PTE Ltd. Sells 18,957 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Keystone Investors PTE Ltd. trimmed its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 82.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,144 shares of the company’s stock after selling 18,957 shares during the period. Keystone Investors PTE Ltd.’s holdings in Airbnb were worth $545,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Meritage Group LP bought a new stake in Airbnb during the third quarter worth $160,985,000. Principal Financial Group Inc. grew its holdings in shares of Airbnb by 174.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock valued at $245,268,000 after acquiring an additional 1,185,892 shares in the last quarter. Temasek Holdings Private Ltd lifted its holdings in Airbnb by 91.3% during the third quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock worth $294,726,000 after acquiring an additional 1,109,076 shares during the period. Parnassus Investments LLC grew its stake in Airbnb by 8,324.9% in the 4th quarter. Parnassus Investments LLC now owns 655,539 shares of the company’s stock valued at $86,144,000 after purchasing an additional 647,758 shares during the period. Finally, Trivest Advisors Ltd raised its stake in shares of Airbnb by 137.3% during the 4th quarter. Trivest Advisors Ltd now owns 849,500 shares of the company’s stock worth $111,633,000 after purchasing an additional 491,500 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 20,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $131.87, for a total transaction of $2,637,400.00. Following the completion of the transaction, the chief technology officer now owns 185,414 shares of the company’s stock, valued at approximately $24,450,544.18. This trade represents a 9.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 183,078 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the transaction, the insider now owns 164,850 shares in the company, valued at $26,046,300. This trade represents a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,055,909 shares of company stock valued at $289,763,290. 27.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Bank of America lifted their price objective on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Tigress Financial boosted their price objective on Airbnb from $195.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, March 14th. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research report on Friday, February 14th. Barclays upped their target price on Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a research note on Friday, February 14th. Finally, Hsbc Global Res upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $147.82.

Airbnb Price Performance

ABNB stock opened at $129.82 on Tuesday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.00. The firm has a market capitalization of $81.86 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The business has a 50 day simple moving average of $135.74 and a 200-day simple moving average of $133.53.

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

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.