Airbnb, Inc. (NASDAQ:ABNB) Holdings Cut by Lbp Am Sa

Lbp Am Sa lowered its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 35.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 18,732 shares of the company’s stock after selling 10,229 shares during the period. Lbp Am Sa’s holdings in Airbnb were worth $2,462,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of ABNB. Pacer Advisors Inc. lifted its holdings in Airbnb by 6,085.6% in the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after acquiring an additional 4,172,985 shares during the last quarter. Meritage Group LP bought a new position in Airbnb in the third quarter worth about $160,985,000. Principal Financial Group Inc. lifted its holdings in Airbnb by 174.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock worth $245,268,000 after acquiring an additional 1,185,892 shares during the last quarter. Edgewood Management LLC lifted its holdings in Airbnb by 9.2% in the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after acquiring an additional 1,143,464 shares during the last quarter. Finally, Temasek Holdings Private Ltd lifted its holdings in Airbnb by 91.3% in the third quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock worth $294,726,000 after acquiring an additional 1,109,076 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ABNB. HSBC raised shares of Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a report on Friday, February 14th. Barclays lifted their price target on Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a report on Friday, February 14th. Gordon Haskett raised Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price target on the stock in a report on Friday, February 14th. Finally, Benchmark lifted their price target on Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $148.15.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $131.88, for a total transaction of $28,259,905.80. Following the completion of the sale, the director now owns 1,285,715 shares of the company’s stock, valued at $169,560,094.20. This trade represents a 14.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Nathan Blecharczyk sold 183,078 shares of Airbnb stock in a transaction on Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the sale, the insider now directly owns 164,850 shares of the company’s stock, valued at $26,046,300. This trade represents a 52.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,269,494 shares of company stock valued at $318,203,453 in the last quarter. Company insiders own 27.83% of the company’s stock.

Airbnb Trading Up 2.9 %

NASDAQ ABNB opened at $122.86 on Friday. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market cap of $77.47 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 3.52 and a beta of 1.10. The firm’s 50 day moving average price is $136.23 and its two-hundred day moving average price is $132.96.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Equities analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current 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.