Zevenbergen Capital Investments LLC Has $44.76 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Zevenbergen Capital Investments LLC cut its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 20.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 340,639 shares of the company’s stock after selling 85,267 shares during the quarter. Airbnb makes up 0.9% of Zevenbergen Capital Investments LLC’s portfolio, making the stock its 28th largest position. Zevenbergen Capital Investments LLC owned about 0.05% of Airbnb worth $44,763,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in Airbnb during the fourth quarter worth $25,000. Berbice Capital Management LLC bought a new stake in shares of Airbnb in the 4th quarter valued at about $26,000. Whipplewood Advisors LLC acquired a new stake in Airbnb in the 4th quarter valued at about $44,000. Cromwell Holdings LLC grew its holdings in Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after purchasing an additional 170 shares during the period. Finally, Quarry LP acquired a new stake in shares of Airbnb in the third quarter valued at approximately $55,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ABNB shares. B. Riley raised their target price on shares of Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. HSBC raised Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Susquehanna raised their price target on shares of Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a research report on Tuesday, February 18th. Tigress Financial boosted their price objective on shares of Airbnb from $195.00 to $200.00 and gave the company a “buy” rating in a report on Friday, March 14th. Finally, Jefferies Financial Group upgraded shares of Airbnb from a “hold” rating to a “buy” rating and increased their target price for the stock from $165.00 to $185.00 in a research report on Monday, March 10th. 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $147.82.

Insider Activity

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $126.00, for a total value of $88,200.00. Following the transaction, the chief technology officer now owns 171,419 shares in the company, valued at $21,598,794. The trade was a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Chesky sold 230,772 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the transaction, the chief executive officer now owns 12,000,913 shares in the company, valued at approximately $1,934,067,139.08. This trade represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,055,909 shares of company stock worth $289,763,290. 27.83% of the stock is currently owned by insiders.

Airbnb Stock Performance

NASDAQ:ABNB opened at $128.80 on Monday. The stock has a 50-day moving average price of $135.72 and a 200 day moving average price of $133.43. The stock has a market capitalization of $81.21 billion, a P/E ratio of 31.19, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 12-month low of $110.38 and a 12-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.

Airbnb (NASDAQ:ABNB) last posted 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 net margin of 23.85% and a return on equity of 32.29%. Equities research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Airbnb Company 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.