Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Scotia Capital Inc.

Scotia Capital Inc. trimmed its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 92,919 shares of the company's stock after selling 3,087 shares during the period. Scotia Capital Inc.'s holdings in Airbnb were worth $12,211,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Norges Bank bought a new position in Airbnb in the fourth quarter worth approximately $433,374,000. Clearbridge Investments LLC increased its stake in shares of Airbnb by 147.3% in the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock worth $571,505,000 after purchasing an additional 2,590,475 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Airbnb by 174.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company's stock worth $245,268,000 after purchasing an additional 1,185,892 shares during the period. Parnassus Investments LLC lifted its position in Airbnb by 8,324.9% during the fourth quarter. Parnassus Investments LLC now owns 655,539 shares of the company's stock valued at $86,144,000 after purchasing an additional 647,758 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Airbnb by 15.5% during the fourth quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company's stock valued at $548,683,000 after purchasing an additional 558,856 shares during the period. 80.76% of the stock is currently owned by institutional investors.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of the firm's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $135.47, for a total transaction of $94,829.00. Following the sale, the chief technology officer now owns 183,314 shares of the company's stock, valued at $24,833,547.58. This trade represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nathan Blecharczyk sold 2,712 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $156.32, for a total transaction of $423,939.84. Following the sale, the insider now directly owns 159,337 shares of the company's stock, valued at approximately $24,907,559.84. The trade was a 1.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,036,607 shares of company stock valued at $280,762,098. Company insiders own 27.83% of the company's stock.

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Airbnb Trading Up 1.3 %

ABNB stock traded up $1.42 during mid-day trading on Tuesday, reaching $114.64. The company had a trading volume of 5,108,507 shares, compared to its average volume of 4,750,795. The company has a market capitalization of $72.29 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. The firm has a 50 day moving average of $130.88 and a 200 day moving average of $132.76. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $166.74. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates 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 predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Baird R W raised Airbnb from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Jefferies Financial Group upgraded shares of Airbnb from a "hold" rating to a "buy" rating and upped their price target for the stock from $165.00 to $185.00 in a research report on Monday, March 10th. JMP Securities restated a "market perform" rating on shares of Airbnb in a research report on Friday, February 14th. Wedbush reaffirmed an "outperform" rating and issued a $155.00 target price on shares of Airbnb in a report on Tuesday, February 4th. Finally, Robert W. Baird decreased their price target on Airbnb from $175.00 to $160.00 and set an "outperform" rating on the stock in a report on Tuesday, March 25th. Five research analysts have rated the stock with a sell rating, seventeen have assigned 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.com, the stock presently has an average rating of "Hold" and an average target price of $146.56.

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.