Vanguard Group Inc. Reduces Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Vanguard Group Inc. cut its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 0.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,858,509 shares of the company's stock after selling 12,187 shares during the quarter. Vanguard Group Inc. owned about 5.81% of Airbnb worth $4,843,577,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ABNB. CAP Partners LLC boosted its stake in Airbnb by 3.6% during the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company's stock valued at $293,000 after purchasing an additional 77 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in shares of Airbnb by 1.4% during the fourth quarter. Lindbrook Capital LLC now owns 5,540 shares of the company's stock valued at $728,000 after purchasing an additional 78 shares in the last quarter. Manchester Capital Management LLC boosted its position in shares of Airbnb by 18.2% during the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company's stock valued at $69,000 after buying an additional 81 shares during the last quarter. Salvus Wealth Management LLC raised its position in Airbnb by 2.5% in the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company's stock worth $455,000 after buying an additional 84 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in Airbnb by 19.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 580 shares of the company's stock valued at $74,000 after acquiring an additional 94 shares during the period. Hedge funds and other institutional investors own 80.76% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. UBS Group lifted their price target on shares of Airbnb from $143.00 to $160.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. Bank of America lifted their target price on shares of Airbnb from $154.00 to $159.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. Canaccord Genuity Group increased their price target on Airbnb from $165.00 to $190.00 and gave the company a "buy" rating in a report on Friday, February 14th. The Goldman Sachs Group raised Airbnb from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $110.00 to $153.00 in a report on Friday, February 14th. Finally, Barclays increased their target price on Airbnb from $110.00 to $120.00 and gave the company an "underweight" rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $147.36.

Insider Transactions at Airbnb

In other Airbnb news, CEO Brian Chesky sold 38,461 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $126.60, for a total transaction of $4,869,162.60. Following the completion of the sale, the chief executive officer now owns 11,770,144 shares in the company, valued at $1,490,100,230.40. This represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $126.00, for a total value of $88,200.00. Following the completion of the transaction, the chief technology officer now owns 171,419 shares in the company, valued at $21,598,794. This represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,055,909 shares of company stock valued at $289,763,290. 27.83% of the stock is currently owned by company insiders.

Airbnb Trading Down 1.6 %

Shares of NASDAQ ABNB traded down $2.12 during midday trading on Thursday, hitting $126.52. The company's stock had a trading volume of 1,762,388 shares, compared to its average volume of 4,405,136. The business's 50 day moving average is $135.71 and its two-hundred day moving average is $133.60. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $169.11. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a market cap of $79.78 billion, a P/E ratio of 30.63, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, equities research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Airbnb 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.