E Fund Management Co. Ltd. Sells 334 Shares of Airbnb, Inc. (NASDAQ:ABNB)

E Fund Management Co. Ltd. cut its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 7.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,354 shares of the company’s stock after selling 334 shares during the period. E Fund Management Co. Ltd.’s holdings in Airbnb were worth $593,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Compagnie Lombard Odier SCmA grew its holdings in Airbnb by 34.7% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 31,612 shares of the company’s stock valued at $4,304,000 after purchasing an additional 8,140 shares during the period. Assenagon Asset Management S.A. grew its holdings in Airbnb by 4.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock valued at $1,119,000 after purchasing an additional 333 shares during the period. Nordea Investment Management AB grew its holdings in Airbnb by 27.5% during the fourth quarter. Nordea Investment Management AB now owns 1,268,390 shares of the company’s stock valued at $172,742,000 after purchasing an additional 273,191 shares during the period. LGT Group Foundation grew its holdings in Airbnb by 8.1% during the third quarter. LGT Group Foundation now owns 316,545 shares of the company’s stock valued at $43,227,000 after purchasing an additional 23,716 shares during the period. Finally, Cerity Partners LLC grew its holdings in Airbnb by 14.4% during the fourth quarter. Cerity Partners LLC now owns 95,572 shares of the company’s stock valued at $13,011,000 after purchasing an additional 12,008 shares during the period. 80.76% of the stock is owned by institutional investors.

Insider Activity at Airbnb

In related news, CEO Brian Chesky sold 76,912 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $147.79, for a total transaction of $11,366,824.48. Following the transaction, the chief executive officer now owns 14,545,529 shares in the company, valued at approximately $2,149,683,730.91. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $161.02, for a total transaction of $96,612.00. Following the transaction, the chief technology officer now owns 220,504 shares in the company, valued at approximately $35,505,554.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 76,912 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $147.79, for a total value of $11,366,824.48. Following the transaction, the chief executive officer now owns 14,545,529 shares in the company, valued at approximately $2,149,683,730.91. The disclosure for this sale can be found here. Insiders have sold a total of 396,874 shares of company stock worth $63,712,671 in the last 90 days. Company insiders own 27.83% of the company’s stock.

Airbnb Trading Down 1.2 %

Shares of NASDAQ:ABNB traded down $1.91 on Wednesday, reaching $157.90. 8,149,526 shares of the company traded hands, compared to its average volume of 4,467,498. The business’s 50-day simple moving average is $161.59 and its 200 day simple moving average is $145.41. Airbnb, Inc. has a 52 week low of $103.55 and a 52 week high of $170.10. The stock has a market capitalization of $102.17 billion, a P/E ratio of 21.74, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. As a group, equities analysts anticipate that Airbnb, Inc. will post 4.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on ABNB shares. B. Riley Financial began coverage on Airbnb in a report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price objective for the company. Piper Sandler increased their target price on Airbnb from $136.00 to $145.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. JPMorgan Chase & Co. increased their target price on Airbnb from $118.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Barclays increased their target price on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Monday, January 29th. Finally, DA Davidson restated a “neutral” rating and set a $145.00 target price on shares of Airbnb in a research report on Friday, March 15th. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $149.19.

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.