Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. cut its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,590,606 shares of the company's stock after selling 203,271 shares during the period. Brown Advisory Inc. owned approximately 0.72% of Airbnb worth $603,252,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ABNB. Verde Capital Management increased its stake in Airbnb by 25.3% during the fourth quarter. Verde Capital Management now owns 21,118 shares of the company's stock worth $2,775,000 after acquiring an additional 4,269 shares during the last quarter. Baltimore Washington Financial Advisors Inc. increased its position in shares of Airbnb by 14.8% during the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company's stock valued at $6,498,000 after purchasing an additional 6,357 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Airbnb by 40.5% during the 4th 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. Sarasin & Partners LLP purchased a new stake in Airbnb during the 4th quarter valued at $2,272,000. Finally, RFG Advisory LLC lifted its position in Airbnb by 47.2% in the fourth quarter. RFG Advisory LLC now owns 6,617 shares of the company's stock worth $870,000 after buying an additional 2,123 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Down 2.6 %

Shares of ABNB stock traded down $3.22 during trading hours on Tuesday, reaching $121.67. 5,224,914 shares of the company's stock were exchanged, compared to its average volume of 4,909,481. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market cap of $76.72 billion, a PE ratio of 29.46, a PEG ratio of 3.52 and a beta of 1.14. The stock's fifty day moving average price is $122.42 and its two-hundred day moving average price is $131.37.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the company posted $0.41 EPS. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. Research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Upgrades and Downgrades

ABNB has been the subject of several analyst reports. UBS Group lowered their target price on shares of Airbnb from $160.00 to $138.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Piper Sandler decreased their price objective on shares of Airbnb from $145.00 to $132.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Morgan Stanley upped their target price on Airbnb from $125.00 to $130.00 and gave the company an "underweight" rating in a research note on Thursday, April 17th. Tigress Financial raised their price target on Airbnb from $195.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, March 14th. Finally, Canaccord Genuity Group reduced their target price on Airbnb from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Airbnb has an average rating of "Hold" and a consensus target price of $142.31.

Insider Buying and Selling

In other news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $123.28, for a total transaction of $86,296.00. Following the sale, the chief technology officer now directly owns 221,422 shares of the company's stock, valued at $27,296,904.16. This represents a 0.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $108.76, for a total value of $23,305,636.60. Following the completion of the transaction, the director now owns 2,294,870 shares of the company's stock, valued at approximately $249,590,061.20. This represents a 8.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,953,435 shares of company stock worth $266,592,685 in the last 90 days. Insiders own 27.83% of the company's stock.

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.