Legal & General Group Plc Has $344.30 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Legal & General Group Plc lessened its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 21.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,620,073 shares of the company's stock after selling 722,427 shares during the period. Legal & General Group Plc owned about 0.41% of Airbnb worth $344,304,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in Airbnb in the 4th quarter valued at $25,000. Berbice Capital Management LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at $26,000. Graney & King LLC bought a new position in shares of Airbnb in the fourth quarter valued at about $32,000. Whipplewood Advisors LLC acquired a new position in Airbnb during the 4th quarter worth about $44,000. Finally, Cromwell Holdings LLC grew its holdings in Airbnb by 82.5% during the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock worth $49,000 after acquiring an additional 170 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Insider Buying and Selling at Airbnb

In other news, insider Nathan Blecharczyk sold 183,078 shares of the firm's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the completion of the sale, the insider now owns 164,850 shares in the company, valued at approximately $26,046,300. This trade represents a 52.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction that occurred on 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 directly owns 491,330 shares of the company's stock, valued at approximately $58,959,600. The trade was a 1.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,251,592 shares of company stock worth $308,485,023 over the last ninety days. 27.83% of the stock is currently owned by corporate insiders.

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Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ABNB shares. Needham & Company LLC reiterated a "hold" rating on shares of Airbnb in a research report on Friday, February 14th. Wells Fargo & Company reduced their price objective on Airbnb from $134.00 to $100.00 and set an "underweight" rating on the stock in a report on Monday, April 7th. Gordon Haskett raised Airbnb from a "sell" rating to a "hold" rating and set a $143.00 target price for the company in a research note on Friday, February 14th. Truist Financial decreased their price target on Airbnb from $123.00 to $112.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Finally, DA Davidson boosted their price objective on Airbnb from $131.00 to $170.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $146.56.

Airbnb Stock Down 0.2 %

Shares of NASDAQ ABNB traded down $0.28 during midday trading on Monday, reaching $114.26. The company's stock had a trading volume of 960,970 shares, compared to its average volume of 4,736,478. The stock has a 50 day simple moving average of $131.21 and a 200-day simple moving average of $132.86. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $72.05 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 3.52 and a beta of 1.15. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $166.74.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly 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%. Equities research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Airbnb 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.