Westpac Banking Corp lessened its holdings in Airbnb, Inc. (NASDAQ:ABNB – Get Rating) by 15.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,179 shares of the company’s stock after selling 11,447 shares during the period. Westpac Banking Corp’s holdings in Airbnb were worth $10,352,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of ABNB. Baldwin Brothers LLC MA acquired a new position in Airbnb in the fourth quarter worth about $25,000. Ibex Wealth Advisors acquired a new stake in shares of Airbnb during the third quarter worth approximately $28,000. First Horizon Advisors Inc. increased its holdings in shares of Airbnb by 77.2% during the third quarter. First Horizon Advisors Inc. now owns 349 shares of the company’s stock worth $31,000 after buying an additional 152 shares in the last quarter. Sandy Spring Bank increased its holdings in shares of Airbnb by 34.5% during the third quarter. Sandy Spring Bank now owns 195 shares of the company’s stock worth $32,000 after buying an additional 50 shares in the last quarter. Finally, MFA Wealth Advisors LLC acquired a new stake in shares of Airbnb during the third quarter worth approximately $34,000. 32.37% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Airbnb in a report on Friday, January 7th. They set a “buy” rating and a $220.00 price objective for the company. Truist Financial raised their price objective on shares of Airbnb from $180.00 to $190.00 and gave the stock a “hold” rating in a report on Wednesday, February 16th. Gordon Haskett cut shares of Airbnb from a “buy” rating to a “hold” rating and set a $194.94 price target on the stock. in a research note on Tuesday, January 18th. Deutsche Bank Aktiengesellschaft started coverage on shares of Airbnb in a research note on Friday, March 11th. They set a “hold” rating and a $150.00 price target on the stock. Finally, Piper Sandler increased their price target on shares of Airbnb from $169.00 to $194.00 and gave the company a “neutral” rating in a research note on Wednesday, February 16th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average target price of $201.18.
Airbnb (NASDAQ:ABNB – Get Rating) last issued its quarterly earnings results on Tuesday, February 15th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. Airbnb had a negative net margin of 5.88% and a negative return on equity of 5.84%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the business earned ($10.88) EPS. On average, equities research analysts predict that Airbnb, Inc. will post 1.39 earnings per share for the current fiscal year.
In related news, insider Joseph Gebbia sold 15,525 shares of Airbnb stock in a transaction dated Wednesday, April 27th. The shares were sold at an average price of $153.18, for a total transaction of $2,378,119.50. Following the completion of the sale, the insider now owns 220,578 shares of the company’s stock, valued at approximately $33,788,138.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dave Stephenson sold 766 shares of Airbnb stock in a transaction dated Tuesday, February 22nd. The stock was sold at an average price of $171.92, for a total transaction of $131,690.72. The disclosure for this sale can be found here. In the last three months, insiders sold 727,246 shares of company stock valued at $119,476,867. Insiders own 36.30% of the company’s stock.
About Airbnb (Get Rating)
Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.
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