Airbnb, Inc. (NASDAQ:ABNB) Stock Holdings Lessened by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lowered its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 87.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,979 shares of the company's stock after selling 50,287 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Airbnb were worth $917,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in Airbnb in the 4th quarter worth $25,000. Berbice Capital Management LLC acquired a new position in shares of Airbnb in the fourth quarter worth about $26,000. Whipplewood Advisors LLC purchased a new position in Airbnb in the fourth quarter valued at about $44,000. Cromwell Holdings LLC grew its stake in Airbnb by 82.5% during the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock valued at $49,000 after purchasing an additional 170 shares in the last quarter. Finally, Quarry LP purchased a new stake in Airbnb during the 3rd quarter worth approximately $55,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Airbnb news, CTO Aristotle N. Balogh sold 20,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $131.87, for a total transaction of $2,637,400.00. Following the sale, the chief technology officer now owns 185,414 shares in the company, valued at approximately $24,450,544.18. The trade was a 9.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Elinor Mertz sold 6,250 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $137.00, for a total transaction of $856,250.00. Following the sale, the chief financial officer now owns 491,238 shares in the company, valued at $67,299,606. This represents a 1.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,055,909 shares of company stock valued at $289,763,290 over the last three months. Insiders own 27.83% of the company's stock.

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Airbnb Price Performance

Shares of NASDAQ ABNB traded down $0.56 during midday trading on Tuesday, reaching $129.26. The company's stock had a trading volume of 2,027,593 shares, compared to its average volume of 5,219,897. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.00. The company has a market cap of $81.50 billion, a price-to-earnings ratio of 31.30, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. The company has a 50 day moving average price of $135.74 and a 200 day moving average price of $133.53. 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 (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) 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 expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Airbnb from $100.00 to $96.00 and set an "underweight" rating for the company in a research report on Thursday, January 16th. JMP Securities reaffirmed a "market perform" rating on shares of Airbnb in a research report on Friday, February 14th. Jefferies Financial Group upgraded 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 research note on Monday, March 10th. Barclays lifted their target price on Airbnb from $110.00 to $120.00 and gave the stock an "underweight" rating in a research report on Friday, February 14th. Finally, Morgan Stanley upped their price target on Airbnb from $115.00 to $125.00 and gave the company an "underweight" rating in a research report on Monday, January 13th. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $147.36.

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.