Airbnb, Inc. (NASDAQ:ABNB) Position Trimmed by Keybank National Association OH

Keybank National Association OH lessened its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,762 shares of the company’s stock after selling 206 shares during the quarter. Keybank National Association OH’s holdings in Airbnb were worth $4,699,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ABNB. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb during the 4th quarter valued at about $25,000. Hollencrest Capital Management lifted its holdings in shares of Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in shares of Airbnb during the 4th quarter valued at about $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Airbnb during the 3rd quarter valued at about $30,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Airbnb during the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

ABNB opened at $142.58 on Thursday. The stock has a market cap of $89.90 billion, a PE ratio of 34.52, a P/E/G ratio of 3.52 and a beta of 1.10. 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, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The stock’s 50 day simple moving average is $136.93 and its 200-day simple moving average is $132.43.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share 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%. Sell-side analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analyst Weigh In

ABNB has been the subject of several research reports. B. Riley lifted their price target on Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Wedbush reiterated an “outperform” rating and set a $155.00 price target on shares of Airbnb in a report on Tuesday, February 4th. Bank of America lifted their price target on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Robert W. Baird upgraded Airbnb from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $140.00 to $175.00 in a report on Friday, February 14th. Finally, Argus upgraded Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Five analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $146.48.

Insider Buying and Selling at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 183,078 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the sale, the insider now directly owns 164,850 shares in the company, valued at $26,046,300. This represents a 52.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 sale, the chief technology officer now owns 185,414 shares in the company, valued at $24,450,544.18. This trade represents a 9.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,087,020 shares of company stock worth $295,392,297 over the last three months. Company insiders own 27.83% of the company’s stock.

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.