Whittier Trust Co. of Nevada Inc. Has $917,000 Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Whittier Trust Co. of Nevada Inc. trimmed its position in Airbnb, Inc. (NASDAQ:ABNB) by 87.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,979 shares of the company’s stock after selling 50,287 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Airbnb were worth $917,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Verde Capital Management lifted its stake in shares of Airbnb by 25.3% in the fourth quarter. Verde Capital Management now owns 21,118 shares of the company’s stock worth $2,775,000 after buying an additional 4,269 shares during the last quarter. Tri Ri Asset Management Corp acquired a new stake in shares of Airbnb in the third quarter worth $6,352,000. Baltimore Washington Financial Advisors Inc. lifted its stake in shares of Airbnb by 14.8% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock worth $6,498,000 after buying an additional 6,357 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Airbnb by 40.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock worth $90,123,000 after buying an additional 197,558 shares during the last quarter. Finally, Sarasin & Partners LLP acquired a new stake in shares of Airbnb in the fourth quarter worth $2,272,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ABNB. Tigress Financial boosted their target price on shares of Airbnb from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, March 14th. Wedbush reaffirmed an “outperform” rating and set a $155.00 target price on shares of Airbnb in a research report on Tuesday, February 4th. Baird R W raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Canaccord Genuity Group boosted their target price on shares of Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, UBS Group boosted their price target on shares of Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $147.82.

Insider Activity

In related news, CEO Brian Chesky sold 38,461 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $126.60, for a total transaction of $4,869,162.60. Following the completion of the sale, the chief executive officer now directly owns 11,770,144 shares of the company’s stock, valued at approximately $1,490,100,230.40. This represents a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 20,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $131.87, for a total value of $2,637,400.00. Following the sale, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at approximately $24,450,544.18. The trade was a 9.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,094,370 shares of company stock valued at $294,900,910 in the last ninety days. 27.83% of the stock is owned by insiders.

Airbnb Stock Performance

Shares of ABNB stock opened at $128.80 on Friday. 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 stock has a market cap of $81.21 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. The stock has a 50-day moving average of $135.72 and a 200-day moving average of $133.30. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.00.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating 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, sell-side analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current 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.