Airbnb, Inc. (NASDAQ:ABNB) Position Lessened by River Global Investors LLP

River Global Investors LLP decreased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,686 shares of the company’s stock after selling 79 shares during the period. River Global Investors LLP’s holdings in Airbnb were worth $1,047,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ABNB. Compagnie Lombard Odier SCmA raised its stake in Airbnb by 34.7% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 31,612 shares of the company’s stock valued at $4,304,000 after acquiring an additional 8,140 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Airbnb by 4.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock valued at $1,119,000 after acquiring an additional 333 shares in the last quarter. Nordea Investment Management AB raised its stake in Airbnb by 27.5% during the 4th quarter. Nordea Investment Management AB now owns 1,268,390 shares of the company’s stock valued at $172,742,000 after acquiring an additional 273,191 shares in the last quarter. LGT Group Foundation raised its stake in Airbnb by 8.1% during the 3rd quarter. LGT Group Foundation now owns 316,545 shares of the company’s stock valued at $43,227,000 after acquiring an additional 23,716 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in Airbnb by 14.4% during the 4th quarter. Cerity Partners LLC now owns 95,572 shares of the company’s stock valued at $13,011,000 after acquiring an additional 12,008 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In other news, CFO Elinor Mertz sold 9,196 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $156.76, for a total transaction of $1,441,564.96. Following the completion of the sale, the chief financial officer now owns 535,530 shares in the company, valued at approximately $83,949,682.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CTO Aristotle N. Balogh sold 75,500 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $155.31, for a total transaction of $11,725,905.00. Following the completion of the sale, the chief technology officer now owns 146,131 shares in the company, valued at approximately $22,695,605.61. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Elinor Mertz sold 9,196 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $156.76, for a total value of $1,441,564.96. Following the sale, the chief financial officer now owns 535,530 shares of the company’s stock, valued at approximately $83,949,682.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 396,874 shares of company stock worth $63,712,671. 27.83% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ABNB shares. Susquehanna lifted their target price on Airbnb from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Wednesday, February 14th. B. Riley Financial assumed coverage on Airbnb in a research note on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price objective on the stock. DA Davidson reissued a “neutral” rating and issued a $145.00 price objective on shares of Airbnb in a research note on Friday, March 15th. Piper Sandler lifted their target price on Airbnb from $136.00 to $145.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Finally, Wells Fargo & Company lifted their target price on Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a report on Monday, April 1st. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $149.19.

Airbnb Stock Up 0.9 %

ABNB stock traded up $1.38 during mid-day trading on Friday, hitting $159.71. The stock had a trading volume of 4,529,908 shares, compared to its average volume of 3,159,564. 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, Inc. has a 1-year low of $103.55 and a 1-year high of $170.10. The company has a fifty day moving average of $161.18 and a 200 day moving average of $144.81. The stock has a market capitalization of $103.34 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 2.12 and a beta of 1.24.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $2.16 billion. On average, equities analysts expect that Airbnb, Inc. will post 4.47 EPS for the current fiscal year.

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.