Sepio Capital LP Cuts Stake in Airbnb, Inc. (NASDAQ:ABNB)

Sepio Capital LP decreased its position in Airbnb, Inc. (NASDAQ:ABNBFree Report) by 14.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,762 shares of the company’s stock after selling 611 shares during the period. Sepio Capital LP’s holdings in Airbnb were worth $512,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Airbnb by 43.0% in the 3rd quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock valued at $4,697,896,000 after purchasing an additional 10,301,746 shares in the last quarter. Norges Bank purchased a new position in Airbnb in the fourth quarter worth $619,584,000. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Airbnb in the third quarter valued at $235,338,000. Northern Trust Corp boosted its position in shares of Airbnb by 41.3% during the 3rd quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock worth $598,745,000 after purchasing an additional 1,276,456 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Airbnb by 69.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,301,395 shares of the company’s stock worth $315,774,000 after purchasing an additional 943,520 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ABNB. Citigroup lowered their target price on shares of Airbnb from $170.00 to $167.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Mizuho upgraded shares of Airbnb from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $150.00 to $200.00 in a research report on Wednesday, April 24th. Piper Sandler Companies increased their price target on shares of Airbnb from $145.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. Royal Bank of Canada raised their price objective on shares of Airbnb from $140.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 14th. Finally, Barclays upped their target price on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Monday, January 29th. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $152.13.

Check Out Our Latest Stock Analysis on ABNB

Airbnb Trading Up 2.4 %

Shares of ABNB stock traded up $3.43 during mid-day trading on Friday, reaching $144.47. The company’s stock had a trading volume of 4,497,760 shares, compared to its average volume of 4,642,307. The company’s 50 day simple moving average is $157.64 and its 200-day simple moving average is $147.77. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.25. Airbnb, Inc. has a 12-month low of $103.74 and a 12-month high of $170.10. The firm has a market capitalization of $93.04 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 1.78 and a beta of 1.24.

Airbnb (NASDAQ:ABNBGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.23 by $0.18. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period last year, the company posted $0.18 earnings per share. The firm’s revenue was up 17.8% compared to the same quarter last year. On average, research analysts predict that Airbnb, Inc. will post 4.67 EPS for the current fiscal year.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $145.71, for a total value of $87,426.00. Following the completion of the sale, the chief technology officer now owns 212,374 shares of the company’s stock, valued at $30,945,015.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CTO Aristotle N. Balogh sold 75,500 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $155.31, for a total value of $11,725,905.00. Following the transaction, the chief technology officer now owns 146,131 shares in the company, valued at $22,695,605.61. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $145.71, for a total value of $87,426.00. Following the sale, the chief technology officer now owns 212,374 shares of the company’s stock, valued at approximately $30,945,015.54. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 313,324 shares of company stock valued at $51,386,281. Corporate insiders own 27.83% of the company’s stock.

Airbnb Company Profile

(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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