Capital Research Global Investors Sells 1,389,104 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Capital Research Global Investors cut its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 51.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,291,892 shares of the company's stock after selling 1,389,104 shares during the quarter. Capital Research Global Investors owned about 0.20% of Airbnb worth $169,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Golden State Wealth Management LLC bought a new stake in Airbnb in the 4th quarter worth approximately $25,000. Berbice Capital Management LLC purchased a new position in shares of Airbnb in the fourth quarter valued at about $26,000. Graney & King LLC bought a new position in shares of Airbnb during the fourth quarter valued at about $32,000. Whipplewood Advisors LLC bought a new position in shares of Airbnb during the fourth quarter valued at about $44,000. Finally, Cromwell Holdings LLC boosted its holdings in shares of Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock worth $49,000 after purchasing an additional 170 shares during the period. Hedge funds and other institutional investors own 80.76% of the company's stock.

Insider Buying and Selling

In other news, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $108.76, for a total value of $23,305,636.60. Following the sale, the director now directly owns 2,294,870 shares of the company's stock, valued at approximately $249,590,061.20. The trade was a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 38,461 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $129.87, for a total value of $4,994,930.07. Following the transaction, the chief executive officer now owns 12,421,986 shares of the company's stock, valued at $1,613,243,321.82. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,213,131 shares of company stock valued at $300,179,370. Company insiders own 27.83% of the company's stock.

Airbnb Stock Performance

Shares of NASDAQ:ABNB traded up $0.80 during trading on Friday, hitting $122.51. The company's stock had a trading volume of 2,901,570 shares, compared to its average volume of 5,449,073. The company has a 50-day moving average of $126.43 and a 200-day moving average of $132.00. The firm has a market cap of $77.25 billion, a price-to-earnings ratio of 29.66, a P/E/G ratio of 3.52 and a beta of 1.15. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $165.50. 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 (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, sell-side analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wedbush reiterated an "outperform" rating and issued a $155.00 price objective on shares of Airbnb in a report on Tuesday, February 4th. Phillip Securities upgraded shares of Airbnb from a "moderate sell" rating to a "hold" rating in a report on Wednesday. Argus raised shares of Airbnb from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Susquehanna lifted their price objective on Airbnb from $160.00 to $200.00 and gave the company a "positive" rating in a research report on Tuesday, February 18th. Finally, DA Davidson raised their target price on Airbnb from $131.00 to $170.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. Four investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Airbnb presently has an average rating of "Hold" and a consensus price target of $146.94.

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.