B. Metzler seel. Sohn & Co. AG Has $2.80 Million Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

B. Metzler seel. Sohn & Co. AG trimmed its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 41.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,318 shares of the company's stock after selling 14,851 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Airbnb were worth $2,801,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ABNB. CAP Partners LLC raised its stake in shares of Airbnb by 3.6% in the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company's stock worth $293,000 after purchasing an additional 77 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of Airbnb by 1.4% during the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company's stock valued at $728,000 after acquiring an additional 78 shares during the last quarter. Manchester Capital Management LLC raised its holdings 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 purchasing an additional 81 shares during the last quarter. Salvus Wealth Management LLC grew its holdings in shares of Airbnb by 2.5% in the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company's stock worth $455,000 after acquiring an additional 84 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in Airbnb by 2.3% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 4,285 shares of the company's stock worth $565,000 after buying an additional 95 shares during the period. Institutional investors own 80.76% of the company's stock.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $119.67, for a total transaction of $83,769.00. Following the sale, the chief technology officer now directly owns 170,019 shares in the company, valued at approximately $20,346,173.73. The trade was a 0.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Chesky sold 38,461 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $135.82, for a total transaction of $5,223,773.02. Following the transaction, the chief executive officer now owns 12,498,908 shares of the company's stock, valued at approximately $1,697,601,684.56. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,290,053 shares of company stock valued at $319,656,539. Insiders own 27.83% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ABNB. HSBC raised Airbnb from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. Bank of America boosted their price objective on Airbnb from $154.00 to $159.00 and gave the company a "neutral" rating in a research report on Wednesday, December 18th. JMP Securities restated a "market perform" rating on shares of Airbnb in a research report on Friday, February 14th. Morgan Stanley boosted their target price on shares of Airbnb from $115.00 to $125.00 and gave the stock an "underweight" rating in a research note on Monday, January 13th. Finally, B. Riley boosted their price target on shares of Airbnb from $131.00 to $145.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $147.28.

Airbnb Stock Performance

Shares of NASDAQ ABNB traded down $7.31 during trading hours on Friday, hitting $106.66. 10,255,808 shares of the company's stock were exchanged, compared to its average volume of 4,639,425. The stock has a market capitalization of $67.25 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 3.52 and a beta of 1.15. The company's 50-day moving average price is $133.75 and its 200-day moving average price is $133.66. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb, Inc. has a 1-year low of $104.73 and a 1-year high of $166.74.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (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%. On average, sell-side analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Airbnb Company 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.