Gilder Gagnon Howe & Co. LLC Reduces Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Gilder Gagnon Howe & Co. LLC lowered its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 396,279 shares of the company's stock after selling 8,680 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned 0.06% of Airbnb worth $52,075,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Coldstream Capital Management Inc. grew its position in Airbnb by 3.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,490 shares of the company's stock worth $327,000 after acquiring an additional 91 shares in the last quarter. Three Seasons Wealth LLC purchased a new position in shares of Airbnb in the 4th quarter worth approximately $1,132,000. Nebula Research & Development LLC increased its position in shares of Airbnb by 97.0% during the 4th quarter. Nebula Research & Development LLC now owns 8,503 shares of the company's stock valued at $1,117,000 after purchasing an additional 4,186 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in Airbnb by 24.4% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 48,658 shares of the company's stock valued at $6,435,000 after buying an additional 9,543 shares during the period. Finally, Syon Capital LLC lifted its position in Airbnb by 15.7% in the fourth quarter. Syon Capital LLC now owns 5,239 shares of the company's stock worth $688,000 after buying an additional 710 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 700 shares of the company's stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $112.59, for a total value of $78,813.00. Following the completion of the sale, the chief technology officer now directly owns 222,122 shares in the company, valued at $25,008,715.98. This represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of $114.22, for a total value of $24,475,632.70. Following the completion of the sale, the director now directly owns 2,080,585 shares of the company's stock, valued at approximately $237,644,418.70. This represents a 9.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,998,146 shares of company stock valued at $272,401,900 over the last 90 days. Corporate insiders own 27.83% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Baird R W raised shares of Airbnb from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. DA Davidson raised their price objective on shares of Airbnb from $131.00 to $170.00 and gave the stock 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 company an "underweight" rating in a research note on Thursday, April 17th. Tigress Financial boosted their price objective on Airbnb from $195.00 to $200.00 and gave the company a "buy" rating in a report on Friday, March 14th. Finally, Piper Sandler lowered their price target on Airbnb from $145.00 to $132.00 and set a "neutral" rating for the company in a report on Monday. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $146.06.

Airbnb Price Performance

Shares of NASDAQ:ABNB traded up $2.19 during trading on Tuesday, reaching $125.49. 6,511,271 shares of the company's stock traded hands, compared to its average volume of 4,820,400. The firm has a market cap of $79.13 billion, a PE ratio of 30.38, a P/E/G ratio of 3.52 and a beta of 1.15. The company has a 50-day simple moving average of $124.98 and a 200-day simple moving average of $131.82. 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, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $165.50.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced 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, analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current 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.