Airbnb, Inc. (NASDAQ:ABNB) Holdings Decreased by Polen Capital Management LLC

Polen Capital Management LLC decreased its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 10.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,216,914 shares of the company's stock after selling 965,670 shares during the quarter. Airbnb comprises approximately 2.9% of Polen Capital Management LLC's portfolio, making the stock its 18th biggest holding. Polen Capital Management LLC owned about 1.30% of Airbnb worth $1,079,785,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Verde Capital Management raised its position in Airbnb by 25.3% in the fourth quarter. Verde Capital Management now owns 21,118 shares of the company's stock worth $2,775,000 after acquiring an additional 4,269 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Airbnb in the third quarter worth $34,982,000. Tri Ri Asset Management Corp purchased a new position in shares of Airbnb in the third quarter valued at $6,352,000. Baltimore Washington Financial Advisors Inc. increased its position in shares of Airbnb by 14.8% in the fourth 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. Finally, Assenagon Asset Management S.A. increased its position in shares of 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 buying an additional 197,558 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

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Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 20,000 shares of Airbnb stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $131.87, for a total transaction of $2,637,400.00. Following the sale, the chief technology officer now directly owns 185,414 shares in the company, valued at $24,450,544.18. The trade was a 9.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the sale, the chief executive officer now owns 12,000,913 shares in the company, valued at $1,934,067,139.08. This represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,093,670 shares of company stock worth $294,812,710 in the last three months. 27.83% of the stock is owned by insiders.

Airbnb Stock Up 0.1 %

Shares of NASDAQ:ABNB traded up $0.15 during mid-day trading on Thursday, hitting $126.15. 3,258,576 shares of the company traded hands, compared to its average volume of 4,401,099. The firm has a market cap of $79.54 billion, a P/E ratio of 30.54, a PEG ratio of 3.52 and a beta of 1.10. 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 52-week low of $110.38 and a 52-week high of $170.10. The firm's 50 day simple moving average is $135.83 and its 200 day simple moving average is $133.14.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its earnings results 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 return on equity of 32.29% and a net margin of 23.85%. On average, equities analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Upgrades and Downgrades

ABNB has been the subject of a number of research analyst reports. Argus upgraded Airbnb from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Hsbc Global Res upgraded Airbnb from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. UBS Group raised their price target on Airbnb from $143.00 to $160.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Gordon Haskett upgraded Airbnb from a "sell" rating to a "hold" rating and set a $143.00 price target for the company in a research report on Friday, February 14th. Finally, Evercore ISI raised their price target on Airbnb to $155.00 and gave the company a "hold" rating in a research report on Wednesday, January 15th. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Airbnb currently has an average rating of "Hold" and a consensus target price of $148.15.

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.