Baader Bank Aktiengesellschaft Trims Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Baader Bank Aktiengesellschaft cut its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 52.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,532 shares of the company's stock after selling 69,992 shares during the quarter. Airbnb comprises about 0.6% of Baader Bank Aktiengesellschaft's holdings, making the stock its 25th largest position. Baader Bank Aktiengesellschaft's holdings in Airbnb were worth $8,480,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Verde Capital Management increased its position in shares of Airbnb by 25.3% during the fourth quarter. Verde Capital Management now owns 21,118 shares of the company's stock worth $2,775,000 after buying an additional 4,269 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Airbnb in the third quarter worth $34,982,000. Tri Ri Asset Management Corp acquired a new stake in Airbnb in the third quarter worth $6,352,000. J.W. Cole Advisors Inc. grew its holdings in Airbnb by 86.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company's stock worth $583,000 after purchasing an additional 2,132 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in Airbnb by 40.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company's stock worth $90,123,000 after purchasing an additional 197,558 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 500 shares of the company's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total transaction of $68,005.00. Following the completion of the sale, the chief technology officer now directly owns 185,414 shares in the company, valued at $25,218,158.14. This represents a 0.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Joseph Gebbia sold 214,285 shares of the company's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the sale, the director now owns 10,321 shares of the company's stock, valued at $1,352,876.68. This represents a 95.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,157,308 shares of company stock worth $153,981,848. 27.83% of the stock is currently owned by insiders.

Airbnb Price Performance

Airbnb stock traded down $0.41 during mid-day trading on Thursday, hitting $132.17. 1,482,065 shares of the company traded hands, compared to its average volume of 4,065,930. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The stock has a market cap of $83.79 billion, a price-to-earnings ratio of 46.37, a price-to-earnings-growth ratio of 1.80 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a fifty day moving average price of $133.84 and a 200-day moving average price of $130.88.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter in the previous year, the firm earned $2.39 earnings per share. On average, equities analysts predict that Airbnb, Inc. will post 3.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Morgan Stanley raised their price objective on shares of Airbnb from $115.00 to $125.00 and gave the company an "underweight" rating in a research note on Monday, January 13th. Evercore ISI raised their price objective on shares of Airbnb to $155.00 and gave the company a "hold" rating in a research note on Wednesday, January 15th. Susquehanna raised their price target on shares of Airbnb from $130.00 to $160.00 and gave the company a "positive" rating in a research report on Monday, November 11th. Citigroup raised their price target on shares of Airbnb from $135.00 to $158.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Finally, Jefferies Financial Group raised their price target on shares of Airbnb from $120.00 to $135.00 and gave the company a "hold" rating in a research report on Tuesday, October 22nd. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Airbnb currently has a consensus rating of "Hold" and a consensus target price of $139.63.

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.