Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP lessened its stake in Airbnb, Inc. (NASDAQ:ABNB) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 342,655 shares of the company’s stock after selling 6,868 shares during the quarter. Bridgewater Associates LP owned about 0.05% of Airbnb worth $45,028,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new position in shares of Airbnb during the 4th quarter worth $25,000. Berbice Capital Management LLC purchased a new position in Airbnb during the fourth quarter worth about $26,000. Graney & King LLC acquired a new position in Airbnb in the 4th quarter valued at about $32,000. Whipplewood Advisors LLC purchased a new stake in shares of Airbnb in the 4th quarter valued at approximately $44,000. Finally, Cromwell Holdings LLC increased its holdings in shares of Airbnb by 82.5% during the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after buying an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In related news, CFO Elinor Mertz sold 6,250 shares of the firm’s stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $120.00, for a total value of $750,000.00. Following the completion of the sale, the chief financial officer now owns 491,330 shares in the company, valued at $58,959,600. This trade represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $135.47, for a total value of $94,829.00. Following the transaction, the chief technology officer now owns 183,314 shares in the company, valued at $24,833,547.58. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,036,607 shares of company stock worth $280,762,098. Company insiders own 27.83% of the company’s stock.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $113.22 on Tuesday. The stock has a market cap of $71.39 billion, a P/E ratio of 27.41, a P/E/G ratio of 3.52 and a beta of 1.15. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $166.74. The stock has a 50 day moving average of $130.88 and a two-hundred day moving average of $132.76. 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 released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) 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%. On average, research analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ABNB shares. B. Riley upped their price objective on Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Canaccord Genuity Group increased their price target on Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Jefferies Financial Group upgraded shares of Airbnb from a “hold” rating to a “buy” rating and boosted their price objective for the company from $165.00 to $185.00 in a report on Monday, March 10th. Bank of America increased their target price on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Finally, The Goldman Sachs Group raised shares of Airbnb from a “sell” rating to a “neutral” rating and boosted their price target for the company from $110.00 to $153.00 in a research note on Friday, February 14th. Five analysts have rated the stock with a sell rating, seventeen have assigned 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 presently has a consensus rating of “Hold” and an average target price of $146.56.

About Airbnb

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.