Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by First Trust Advisors LP

First Trust Advisors LP lessened its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 7.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,544,123 shares of the company's stock after selling 125,247 shares during the period. First Trust Advisors LP owned about 0.24% of Airbnb worth $202,913,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ABNB. Norges Bank acquired a new stake in shares of Airbnb during the fourth quarter worth $433,374,000. Clearbridge Investments LLC lifted its stake in Airbnb by 147.3% in the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock valued at $571,505,000 after buying an additional 2,590,475 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Airbnb by 174.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company's stock worth $245,268,000 after buying an additional 1,185,892 shares in the last quarter. Parnassus Investments LLC boosted its holdings in shares of Airbnb by 8,324.9% during the 4th quarter. Parnassus Investments LLC now owns 655,539 shares of the company's stock worth $86,144,000 after buying an additional 647,758 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Airbnb by 15.5% during the 4th quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company's stock worth $548,683,000 after buying an additional 558,856 shares during the period. Institutional investors and hedge funds own 80.76% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ABNB. Susquehanna upped their price objective on shares of Airbnb from $160.00 to $200.00 and gave the company a "positive" rating in a report on Tuesday, February 18th. B. Riley raised their price objective on Airbnb from $131.00 to $145.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. Morgan Stanley upped their target price on Airbnb from $125.00 to $130.00 and gave the stock an "underweight" rating in a research report on Thursday, April 17th. The Goldman Sachs Group raised Airbnb from a "sell" rating to a "neutral" rating and lifted their target price for the company from $110.00 to $153.00 in a research report on Friday, February 14th. Finally, Baird R W upgraded Airbnb from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $146.94.

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 230,772 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the completion of the transaction, the chief executive officer now owns 12,000,913 shares in the company, valued at approximately $1,934,067,139.08. This represents a 1.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $114.68, for a total transaction of $80,276.00. Following the completion of the sale, the chief technology officer now directly owns 222,822 shares in the company, valued at approximately $25,553,226.96. The trade was a 0.31 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,998,146 shares of company stock worth $275,624,925. Company insiders own 27.83% of the company's stock.

Airbnb Trading Up 2.9 %

NASDAQ:ABNB traded up $3.43 on Thursday, reaching $121.71. The company's stock had a trading volume of 3,686,663 shares, compared to its average volume of 5,482,143. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $165.50. The stock has a 50 day moving average price of $127.22 and a 200 day moving average price of $132.06. The firm has a market cap of $76.74 billion, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24.

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, beating 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, equities analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

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.