United Capital Financial Advisors LLC Cuts Position in Airbnb, Inc. (NASDAQ:ABNB)

United Capital Financial Advisors LLC lowered its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 24.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,573 shares of the company's stock after selling 5,569 shares during the quarter. United Capital Financial Advisors LLC's holdings in Airbnb were worth $2,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ABNB. Verde Capital Management increased its position in Airbnb by 25.3% during the 4th quarter. Verde Capital Management now owns 21,118 shares of the company's stock valued at $2,775,000 after purchasing an additional 4,269 shares during the period. Tri Ri Asset Management Corp bought a new position in Airbnb during the third quarter worth $6,352,000. Baltimore Washington Financial Advisors Inc. lifted its holdings in 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 during the period. 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 acquiring an additional 197,558 shares during the last quarter. Finally, Sarasin & Partners LLP acquired a new stake in Airbnb during the 4th quarter worth about $2,272,000. Institutional investors own 80.76% of the company's stock.

Analysts Set New Price Targets

ABNB has been the topic of several research analyst reports. UBS Group upped their target price on Airbnb from $143.00 to $160.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Truist Financial dropped their target price on shares of Airbnb from $123.00 to $112.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. JMP Securities restated a "market perform" rating on shares of Airbnb in a report on Friday, February 14th. Jefferies Financial Group upgraded shares of Airbnb from a "hold" rating to a "buy" rating and upped their price objective for the company from $165.00 to $185.00 in a report on Monday, March 10th. Finally, Canaccord Genuity Group raised their target price on Airbnb from $165.00 to $190.00 and gave the company a "buy" 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 issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $146.94.

Airbnb Stock Performance

Shares of NASDAQ ABNB traded up $2.99 during midday trading on Wednesday, hitting $117.90. The company's stock had a trading volume of 2,618,785 shares, compared to its average volume of 4,775,966. The firm has a market capitalization of $74.34 billion, a price-to-earnings ratio of 28.55, 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. The stock has a fifty day moving average price of $128.09 and a 200 day moving average price of $132.15. Airbnb, Inc. has a one year low of $99.88 and a one year 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 (EPS) 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, research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Activity

In other Airbnb news, insider Nathan Blecharczyk sold 183,078 shares of the firm's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $158.00, for a total value of $28,926,324.00. Following the completion of the transaction, the insider now directly owns 164,850 shares of the company's stock, valued at $26,046,300. This trade represents a 52.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Aristotle N. Balogh sold 700 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $114.68, for a total transaction of $80,276.00. Following the completion of the transaction, the chief technology officer now directly owns 222,822 shares in the company, valued at approximately $25,553,226.96. The trade was a 0.31 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,998,146 shares of company stock worth $275,624,925. 27.83% of the stock is owned by company insiders.

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.