AdvisorShares Investments LLC Decreases Stake in Airbnb, Inc. (NASDAQ:ABNB)

AdvisorShares Investments LLC reduced its stake in shares of Airbnb, Inc. (NASDAQ:ABNBFree Report) by 35.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 958 shares of the company’s stock after selling 517 shares during the period. AdvisorShares Investments LLC’s holdings in Airbnb were worth $130,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Airbnb by 43.0% during the 3rd quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock worth $4,697,896,000 after acquiring an additional 10,301,746 shares in the last quarter. Edgewood Management LLC increased its holdings in shares of Airbnb by 20.8% in the 4th quarter. Edgewood Management LLC now owns 12,417,777 shares of the company’s stock worth $1,690,556,000 after buying an additional 2,135,529 shares during the last quarter. Norges Bank purchased a new stake in shares of Airbnb during the 4th quarter valued at about $619,584,000. Northern Trust Corp lifted its holdings in shares of Airbnb by 41.3% in the 3rd quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock valued at $598,745,000 after acquiring an additional 1,276,456 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Airbnb by 5.0% during the third quarter. Legal & General Group Plc now owns 2,568,807 shares of the company’s stock worth $352,466,000 after acquiring an additional 121,651 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Down 0.2 %

ABNB traded down $0.34 on Friday, hitting $146.66. The company had a trading volume of 2,595,555 shares, compared to its average volume of 3,870,440. The stock has a market capitalization of $94.46 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 1.81 and a beta of 1.18. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a fifty day moving average price of $153.75 and a 200-day moving average price of $149.19. Airbnb, Inc. has a 12-month low of $113.24 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNBGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.23 by $0.18. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.06 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. Airbnb’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 EPS. Analysts predict that Airbnb, Inc. will post 4.67 EPS for the current fiscal year.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $163.00, for a total value of $97,800.00. Following the completion of the sale, the chief technology officer now owns 144,931 shares of the company’s stock, valued at $23,623,753. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CAO David C. Bernstein sold 6,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $147.00, for a total value of $882,000.00. Following the transaction, the chief accounting officer now directly owns 47,043 shares of the company’s stock, valued at approximately $6,915,321. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $163.00, for a total value of $97,800.00. Following the sale, the chief technology officer now directly owns 144,931 shares of the company’s stock, valued at approximately $23,623,753. The disclosure for this sale can be found here. Over the last three months, insiders have sold 228,237 shares of company stock valued at $35,744,352. Corporate insiders own 27.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ABNB shares. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a report on Thursday, May 9th. Bank of America boosted their price objective on shares of Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. B. Riley Financial initiated coverage on shares of Airbnb in a research note on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price target for the company. TD Cowen reduced their price objective on shares of Airbnb from $180.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, BMO Capital Markets boosted their target price on Airbnb from $135.00 to $151.00 and gave the company a “market perform” rating in a research report on Thursday, May 9th. Four equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $152.38.

Check Out Our Latest Report on Airbnb

About Airbnb

(Free Report)

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.

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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