Whittier Trust Co. Lowers Position in Airbnb, Inc. (NASDAQ:ABNB)

Whittier Trust Co. lessened its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 84.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,269 shares of the company's stock after selling 118,402 shares during the quarter. Whittier Trust Co.'s holdings in Airbnb were worth $2,795,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Verde Capital Management increased its position in shares of Airbnb by 25.3% during the fourth quarter. Verde Capital Management now owns 21,118 shares of the company's stock valued at $2,775,000 after acquiring an additional 4,269 shares during the last quarter. Tri Ri Asset Management Corp bought a new stake in shares of Airbnb during the 3rd quarter worth $6,352,000. Baltimore Washington Financial Advisors Inc. boosted its holdings in shares of Airbnb by 14.8% in 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 during the last quarter. Assenagon Asset Management S.A. grew 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 buying an additional 197,558 shares during the period. Finally, Sarasin & Partners LLP purchased a new stake in Airbnb during the fourth quarter worth about $2,272,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Insider Buying and Selling at Airbnb

In other news, CEO Brian Chesky sold 230,772 shares of the business's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the completion of the transaction, the chief executive officer now directly owns 12,000,913 shares of the company's stock, valued at $1,934,067,139.08. The trade was a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 20,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $131.87, for a total transaction of $2,637,400.00. Following the transaction, the chief technology officer now owns 185,414 shares in the company, valued at approximately $24,450,544.18. This trade represents a 9.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,055,909 shares of company stock worth $289,763,290. Company insiders own 27.83% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts have recently weighed in on ABNB shares. Morgan Stanley increased their target price on shares of Airbnb from $115.00 to $125.00 and gave the company an "underweight" rating in a research report on Monday, January 13th. B. Riley upped their price target on shares of Airbnb from $131.00 to $145.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. Bank of America raised their price objective on shares of Airbnb from $154.00 to $159.00 and gave the stock a "neutral" rating in a report on Wednesday, December 18th. Benchmark increased their target price on Airbnb from $150.00 to $178.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, Canaccord Genuity Group increased their target price on shares of Airbnb from $165.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Airbnb has an average rating of "Hold" and an average target price of $147.36.

Airbnb Stock Up 0.0 %

ABNB stock traded up $0.06 during trading on Tuesday, hitting $129.88. 4,362,344 shares of the stock traded hands, compared to its average volume of 4,412,704. The stock has a market cap of $81.89 billion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. 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, Inc. has a 1 year low of $110.38 and a 1 year high of $170.00. The firm's 50 day moving average is $135.79 and its two-hundred day moving average is $133.64.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share 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, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

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.