Distillate Capital Partners LLC Sells 172,793 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Distillate Capital Partners LLC lowered its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 52.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 157,013 shares of the company's stock after selling 172,793 shares during the period. Distillate Capital Partners LLC's holdings in Airbnb were worth $20,633,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Verde Capital Management raised its stake in shares of Airbnb by 25.3% in the fourth quarter. Verde Capital Management now owns 21,118 shares of the company's stock valued at $2,775,000 after purchasing an additional 4,269 shares in the last quarter. Tri Ri Asset Management Corp bought a new stake in Airbnb in the 3rd quarter valued at $6,352,000. Baltimore Washington Financial Advisors Inc. raised its stake in shares of Airbnb by 14.8% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company's stock valued at $6,498,000 after buying an additional 6,357 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Airbnb by 40.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company's stock valued at $90,123,000 after acquiring an additional 197,558 shares during the period. Finally, Sarasin & Partners LLP bought a new position in Airbnb during the fourth quarter worth about $2,272,000. 80.76% of the stock is currently owned by institutional investors.

Airbnb Trading Up 1.3 %

ABNB traded up $1.42 during mid-day trading on Tuesday, hitting $114.64. The stock had a trading volume of 5,180,365 shares, compared to its average volume of 4,755,119. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $166.74. The firm has a market capitalization of $72.29 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The stock's fifty day simple moving average is $130.52 and its 200-day simple moving average is $132.63.

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Airbnb (NASDAQ:ABNB - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share 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%. As a group, research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $120.00, for a total value of $750,000.00. Following the sale, the chief financial officer now owns 491,330 shares of the company's stock, valued at $58,959,600. This trade represents a 1.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $110.74, for a total value of $77,518.00. Following the transaction, the chief technology officer now owns 223,522 shares of the company's stock, valued at approximately $24,752,826.28. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,036,607 shares of company stock valued at $280,762,098. 27.83% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ABNB shares. Robert W. Baird dropped their target price on Airbnb from $175.00 to $160.00 and set an "outperform" rating for the company in a report on Tuesday, March 25th. Gordon Haskett upgraded Airbnb from a "sell" rating to a "hold" rating and set a $143.00 price objective for the company in a research note on Friday, February 14th. Wells Fargo & Company reduced their target price on shares of Airbnb from $134.00 to $100.00 and set an "underweight" rating on the stock in a research note on Monday, April 7th. Argus upgraded shares of Airbnb from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Finally, B. Riley boosted their price target on shares of Airbnb from $131.00 to $145.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $146.56.

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.