Rockefeller Capital Management L.P. Reduces Stake in Airbnb, Inc. (NASDAQ:ABNB)

Rockefeller Capital Management L.P. trimmed its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 12.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,913 shares of the company's stock after selling 10,697 shares during the period. Rockefeller Capital Management L.P.'s holdings in Airbnb were worth $10,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in ABNB. CAP Partners LLC boosted its stake in shares of Airbnb by 3.6% during the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company's stock valued at $293,000 after purchasing an additional 77 shares in the last quarter. Lindbrook Capital LLC increased its holdings in shares of Airbnb by 1.4% in the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company's stock valued at $728,000 after acquiring an additional 78 shares during the period. Manchester Capital Management LLC increased its holdings in shares of Airbnb by 18.2% in the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company's stock valued at $69,000 after acquiring an additional 81 shares during the period. Salvus Wealth Management LLC raised its position in shares of Airbnb by 2.5% in the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company's stock worth $455,000 after acquiring an additional 84 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its stake in shares of Airbnb by 2.3% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 4,285 shares of the company's stock worth $565,000 after purchasing an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

Airbnb Price Performance

Shares of NASDAQ ABNB traded up $3.30 during trading on Tuesday, hitting $114.91. The company had a trading volume of 4,812,450 shares, compared to its average volume of 4,784,159. The firm has a market capitalization of $72.46 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. The stock has a fifty day simple moving average of $128.09 and a two-hundred day simple moving average of $132.15. 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, 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 posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) 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%. On average, research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total transaction of $89,705.00. Following the sale, the chief technology officer now owns 182,614 shares of the company's stock, valued at $23,401,984.10. The trade was a 0.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nathan Blecharczyk sold 183,078 shares of the company's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the sale, the insider now directly owns 164,850 shares of the company's stock, valued at $26,046,300. The trade was a 52.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,998,146 shares of company stock valued at $275,624,925 over the last ninety days. Insiders own 27.83% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ABNB. DA Davidson boosted 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. The Goldman Sachs Group upgraded shares of Airbnb from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $110.00 to $153.00 in a research note on Friday, February 14th. Jefferies Financial Group raised shares of Airbnb from a "hold" rating to a "buy" rating and increased their target price for the company from $165.00 to $185.00 in a research report on Monday, March 10th. Argus raised Airbnb from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Finally, B. Riley increased their price objective on Airbnb from $131.00 to $145.00 and gave the company a "neutral" rating in a report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Airbnb presently has an average rating of "Hold" and a consensus price target of $146.94.

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.