Robeco Institutional Asset Management B.V. Trims Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Robeco Institutional Asset Management B.V. cut its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 26.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 965,511 shares of the company’s stock after selling 345,915 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Airbnb were worth $126,878,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Northwest Investment Counselors LLC bought a new position in shares of Airbnb during the third quarter valued at approximately $25,000. Hollencrest Capital Management boosted its stake in shares of Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Berbice Capital Management LLC bought a new position in shares of Airbnb during the fourth quarter valued at approximately $26,000. Ashton Thomas Securities LLC bought a new position in shares of Airbnb during the third quarter valued at approximately $30,000. Finally, Quarry LP bought a new position in shares of Airbnb during the third quarter valued at approximately $55,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of recent research reports. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research note on Monday, December 16th. Bank of America raised their target price on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. raised their target price on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Jefferies Financial Group raised their target price on shares of Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, Robert W. Baird raised their target price on shares of Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus price target of $139.63.

Insider Buying and Selling at Airbnb

In other news, CAO David C. Bernstein sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $137.00, for a total value of $137,000.00. Following the sale, the chief accounting officer now directly owns 40,581 shares of the company’s stock, valued at approximately $5,559,597. The trade was a 2.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Chesky sold 76,923 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the completion of the sale, the chief executive officer now directly owns 12,616,300 shares in the company, valued at $1,765,525,022. This trade represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,157,308 shares of company stock worth $153,981,848 in the last ninety days. 27.83% of the stock is owned by insiders.

Airbnb Stock Performance

NASDAQ:ABNB opened at $131.05 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market capitalization of $83.08 billion, a price-to-earnings ratio of 45.98, a PEG ratio of 1.80 and a beta of 1.13. The company’s 50-day moving average is $133.90 and its two-hundred day moving average is $130.87. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter in the previous year, the firm earned $2.39 earnings per share. Analysts forecast that Airbnb, Inc. will post 3.98 EPS for the current year.

Airbnb Company 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.