Cullen Frost Bankers Inc. Has $5.56 Million Stake in Airbnb, Inc. (NASDAQ:ABNB)

Cullen Frost Bankers Inc. decreased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 11.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 42,295 shares of the company's stock after selling 5,588 shares during the period. Cullen Frost Bankers Inc.'s holdings in Airbnb were worth $5,558,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Proficio Capital Partners LLC raised its position in shares of Airbnb by 2.6% during the 4th quarter. Proficio Capital Partners LLC now owns 12,069 shares of the company's stock valued at $1,586,000 after acquiring an additional 308 shares during the last quarter. M&T Bank Corp raised its position in shares of Airbnb by 12.9% during the 4th quarter. M&T Bank Corp now owns 17,045 shares of the company's stock valued at $2,240,000 after acquiring an additional 1,948 shares during the last quarter. Atria Investments Inc increased its position in shares of Airbnb by 19.9% in the 4th quarter. Atria Investments Inc now owns 47,532 shares of the company's stock valued at $6,246,000 after buying an additional 7,894 shares in the last quarter. Assetmark Inc. increased its position in shares of Airbnb by 7.4% in the 4th quarter. Assetmark Inc. now owns 53,691 shares of the company's stock valued at $7,056,000 after buying an additional 3,697 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Airbnb by 9.4% in the 4th quarter. Victory Capital Management Inc. now owns 783,253 shares of the company's stock valued at $102,927,000 after buying an additional 67,023 shares in the last quarter. Institutional investors own 80.76% of the company's stock.

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Insider Transactions at Airbnb

In other Airbnb news, CEO Brian Chesky sold 38,461 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $137.49, for a total value of $5,288,002.89. Following the sale, the chief executive officer now owns 12,577,839 shares in the company, valued at $1,729,327,084.11. This trade represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Aristotle N. Balogh sold 700 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total transaction of $89,705.00. Following the completion of the sale, the chief technology officer now owns 182,614 shares in the company, valued at $23,401,984.10. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,093,970 shares of company stock valued at $296,365,992. 27.83% of the stock is currently owned by company insiders.

Airbnb Stock Performance

Airbnb stock traded down $0.38 during trading hours on Friday, hitting $134.39. The company had a trading volume of 5,616,596 shares, compared to its average volume of 4,386,382. The firm has a market cap of $84.74 billion, a PE ratio of 32.54, a PEG ratio of 3.52 and a beta of 1.10. 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 one year low of $110.38 and a one year high of $170.10. The firm has a 50-day moving average of $136.94 and a 200 day moving average of $132.76.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping the consensus estimate 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 year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ABNB shares. Susquehanna upped their price objective on shares of Airbnb from $160.00 to $200.00 and gave the company a "positive" rating in a research report on Tuesday, February 18th. DA Davidson upped their price objective on shares of Airbnb from $131.00 to $170.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Barclays upped their target price on shares of Airbnb from $110.00 to $120.00 and gave the stock an "underweight" rating in a research note on Friday, February 14th. UBS Group upped their target price 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. Finally, Morgan Stanley upped 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. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Airbnb currently has a consensus rating of "Hold" and a consensus price target of $146.48.

About Airbnb

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.