Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Lbp Am Sa

Lbp Am Sa decreased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 35.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,732 shares of the company’s stock after selling 10,229 shares during the period. Lbp Am Sa’s holdings in Airbnb were worth $2,462,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in shares of Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after acquiring an additional 4,172,985 shares during the period. Meritage Group LP acquired a new stake in shares of Airbnb in the 3rd quarter worth approximately $160,985,000. Principal Financial Group Inc. grew its holdings in shares of Airbnb by 174.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock worth $245,268,000 after acquiring an additional 1,185,892 shares during the period. Edgewood Management LLC grew its holdings in shares of Airbnb by 9.2% in the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after acquiring an additional 1,143,464 shares during the period. Finally, Temasek Holdings Private Ltd grew its holdings in Airbnb by 91.3% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock valued at $294,726,000 after buying an additional 1,109,076 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ABNB. Evercore ISI increased their target price on Airbnb to $155.00 and gave the company a “hold” rating in a report on Wednesday, January 15th. The Goldman Sachs Group upgraded Airbnb from a “sell” rating to a “neutral” rating and increased their target price for the company from $110.00 to $153.00 in a report on Friday, February 14th. Baird R W upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Robert W. Baird upgraded Airbnb from a “neutral” rating to an “outperform” rating and increased their target price for the company from $140.00 to $175.00 in a report on Friday, February 14th. Finally, Tigress Financial increased their target price on Airbnb from $195.00 to $200.00 and gave the company a “buy” rating in a report on Friday. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $148.15.

Insider Activity

In other news, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 1,285,715 shares in the company, valued at $169,560,094.20. This trade represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $135.35, for a total value of $94,745.00. Following the completion of the transaction, the chief technology officer now owns 184,714 shares of the company’s stock, valued at $25,001,039.90. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,269,494 shares of company stock worth $318,203,453 over the last ninety days. Corporate insiders own 27.83% of the company’s stock.

Airbnb Stock Up 2.9 %

Shares of Airbnb stock opened at $122.86 on Friday. The business has a 50-day moving average of $136.23 and a 200-day moving average of $132.96. 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 company has a market capitalization of $77.47 billion, a PE ratio of 29.75, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share 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, equities analysts forecast that Airbnb, Inc. will post 4.31 EPS 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.