Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Blair William & Co. IL

Blair William & Co. IL decreased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 11.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,895 shares of the company’s stock after selling 19,749 shares during the quarter. Blair William & Co. IL’s holdings in Airbnb were worth $19,961,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ABNB. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at approximately $25,000. Berbice Capital Management LLC purchased a new stake in shares of Airbnb in the fourth quarter valued at about $26,000. Graney & King LLC purchased a new position in Airbnb during the fourth quarter worth about $32,000. Whipplewood Advisors LLC acquired a new stake in Airbnb in the fourth quarter valued at about $44,000. Finally, Cromwell Holdings LLC boosted its holdings in Airbnb by 82.5% in 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. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Activity

In other Airbnb news, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $135.82, for a total value of $5,223,773.02. Following the transaction, the chief executive officer now owns 12,498,908 shares in the company, valued at approximately $1,697,601,684.56. The trade was a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 20,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $131.87, for a total value of $2,637,400.00. Following the completion of the transaction, the chief technology officer now directly owns 185,414 shares in the company, valued at $24,450,544.18. This represents a 9.74 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,270,894 shares of company stock worth $317,578,168. 27.83% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Jefferies Financial Group upgraded shares of Airbnb from a “hold” rating to a “buy” rating and increased their price target for the company from $165.00 to $185.00 in a report on Monday, March 10th. Canaccord Genuity Group boosted their price objective on shares of Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a 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, Hsbc Global Res raised Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $147.36.

Airbnb Stock Performance

Shares of ABNB opened at $120.69 on Friday. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $166.74. The firm has a market capitalization of $76.10 billion, a PE ratio of 29.22, a P/E/G ratio of 3.52 and a beta of 1.10. The firm has a 50-day moving average price of $135.29 and a 200 day moving average price of $133.58. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data 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 net margin of 23.85% and a return on equity of 32.29%. On average, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

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.