Trexquant Investment LP Sells 232,528 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Trexquant Investment LP lessened its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 83.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,951 shares of the company's stock after selling 232,528 shares during the quarter. Trexquant Investment LP's holdings in Airbnb were worth $5,907,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Verde Capital Management increased its holdings in Airbnb by 25.3% during the 4th 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 in the last quarter. Tri Ri Asset Management Corp acquired a new stake in shares of Airbnb in the third quarter valued at approximately $6,352,000. Baltimore Washington Financial Advisors Inc. lifted its position in Airbnb by 14.8% during the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company's stock worth $6,498,000 after buying an additional 6,357 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Airbnb by 40.5% during the fourth 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 during the last quarter. Finally, Sarasin & Partners LLP bought a new position in Airbnb in the fourth quarter valued at approximately $2,272,000. Institutional investors own 80.76% of the company's stock.

Analyst Upgrades and Downgrades

ABNB has been the subject of several recent analyst reports. HSBC raised Airbnb from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Evercore ISI lifted their price objective on shares of Airbnb to $155.00 and gave the company a "hold" rating in a research report on Wednesday, January 15th. JPMorgan Chase & Co. dropped their target price on shares of Airbnb from $160.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday. Susquehanna lifted their price target on Airbnb from $160.00 to $200.00 and gave the stock a "positive" rating in a report on Tuesday, February 18th. Finally, Barclays upped their price objective on Airbnb from $110.00 to $120.00 and gave the company an "underweight" rating in a research note on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $146.56.

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Airbnb Price Performance

Airbnb stock traded down $9.54 during mid-day trading on Thursday, reaching $111.79. The company had a trading volume of 2,671,968 shares, compared to its average volume of 4,716,966. The business has a fifty day simple moving average of $131.85 and a 200 day simple moving average of $133.07. The company has a market cap of $70.48 billion, a P/E ratio of 27.02, a P/E/G ratio of 3.52 and a beta of 1.15. The company has a current ratio of 1.69, a quick 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 released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share 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 research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $119.67, for a total transaction of $83,769.00. Following the completion of the sale, the chief technology officer now directly owns 170,019 shares in the company, valued at $20,346,173.73. This represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $133.19, for a total transaction of $5,122,620.59. Following the transaction, the chief executive officer now directly owns 12,460,447 shares of the company's stock, valued at $1,659,606,935.93. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,030,357 shares of company stock valued at $284,351,868. Insiders own 27.83% of the company's stock.

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.