Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Carlson Capital Management

Carlson Capital Management trimmed its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 31.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,038 shares of the company's stock after selling 2,794 shares during the period. Carlson Capital Management's holdings in Airbnb were worth $793,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its position in Airbnb by 6,085.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company's stock worth $537,872,000 after purchasing an additional 4,172,985 shares during the last quarter. Meritage Group LP acquired a new stake in shares of Airbnb in the third quarter valued at about $160,985,000. Principal Financial Group Inc. raised its position in Airbnb by 174.3% during 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 raised its position in Airbnb by 9.2% during 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 raised its position in Airbnb by 91.3% during 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. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Trading Up 2.1 %

ABNB stock traded up $2.65 during trading on Friday, hitting $128.80. 8,703,802 shares of the company traded hands, compared to its average volume of 4,408,187. The firm has a market capitalization of $81.21 billion, a PE ratio of 31.19, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.00. The company has a 50-day moving average of $135.72 and a 200-day moving average of $133.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

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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 the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ABNB shares. JMP Securities reiterated a "market perform" rating on shares of Airbnb in a report on Friday, February 14th. B. Riley boosted their price objective on shares of Airbnb from $131.00 to $145.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. Benchmark boosted their target price on shares of Airbnb from $150.00 to $178.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Barclays boosted their target price on shares of Airbnb from $110.00 to $120.00 and gave the stock an "underweight" rating in a research report on Friday, February 14th. Finally, HSBC raised shares of Airbnb from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $147.82.

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $126.00, for a total value of $88,200.00. Following the sale, the chief technology officer now directly owns 171,419 shares of the company's stock, valued at approximately $21,598,794. The trade was a 0.41 % 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 business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $126.60, for a total value of $4,869,162.60. Following the sale, the chief executive officer now directly owns 11,770,144 shares in the company, valued at $1,490,100,230.40. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,094,370 shares of company stock valued at $294,900,910. Corporate insiders own 27.83% of the company's stock.

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.