Kayne Anderson Rudnick Investment Management LLC Decreases Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Kayne Anderson Rudnick Investment Management LLC cut its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 3.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 212,165 shares of the company's stock after selling 7,283 shares during the period. Kayne Anderson Rudnick Investment Management LLC's holdings in Airbnb were worth $27,881,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling

In other news, CEO Brian Chesky sold 38,461 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $129.87, for a total value of $4,994,930.07. Following the completion of the transaction, the chief executive officer now owns 12,421,986 shares in the company, valued at $1,613,243,321.82. This trade represents a 0.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 2,080,585 shares of the company's stock, valued at $237,644,418.70. This represents a 9.34 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,213,131 shares of company stock worth $300,179,370. 27.83% of the stock is owned by insiders.

Airbnb Stock Up 0.7 %

ABNB traded up $0.80 on Friday, hitting $122.51. 2,902,845 shares of the company were exchanged, compared to its average volume of 4,782,874. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $165.50. The stock's fifty day moving average is $126.43 and its 200-day moving average is $132.00. The company has a market cap of $77.25 billion, a PE ratio of 29.66, a PEG ratio of 3.52 and a beta of 1.15.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS 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%. Equities research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ABNB has been the topic of several research analyst reports. Jefferies Financial Group raised Airbnb from a "hold" rating to a "buy" rating and increased their price target for the company from $165.00 to $185.00 in a report on Monday, March 10th. UBS Group raised their target price on shares of Airbnb from $143.00 to $160.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. Hsbc Global Res raised Airbnb from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. cut their target price on Airbnb from $160.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, DA Davidson increased their target price on shares of Airbnb from $131.00 to $170.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $146.94.

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.