Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 28.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 938,636 shares of the company's stock after acquiring an additional 207,890 shares during the quarter. Ameriprise Financial Inc. owned 0.15% of Airbnb worth $123,349,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC purchased a new stake in shares of Airbnb in the fourth quarter worth about $25,000. Berbice Capital Management LLC purchased a new stake in Airbnb in the 4th quarter worth approximately $26,000. Graney & King LLC purchased a new stake in Airbnb in the 4th quarter worth approximately $32,000. Whipplewood Advisors LLC acquired a new stake in shares of Airbnb during the 4th quarter worth approximately $44,000. Finally, Cromwell Holdings LLC increased its holdings in shares of 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. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Trading Up 0.5 %

Shares of NASDAQ:ABNB traded up $0.67 during mid-day trading on Friday, reaching $127.06. 6,144,318 shares of the company were exchanged, compared to its average volume of 4,856,544. The firm has a market cap of $80.12 billion, a price-to-earnings ratio of 30.77, a P/E/G ratio of 3.52 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The firm's 50-day simple moving average is $121.52 and its 200 day simple moving average is $131.18.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share 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 firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. The company's quarterly revenue was up 7.4% compared to the same quarter last year. Equities research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Royal Bank of Canada dropped their price target on shares of Airbnb from $160.00 to $140.00 and set a "sector perform" rating on the stock in a research report on Friday, May 2nd. DA Davidson upgraded Airbnb from a "neutral" rating to a "buy" rating and cut their price target for the company from $170.00 to $155.00 in a research note on Wednesday, April 30th. Argus upgraded Airbnb from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. HSBC upgraded Airbnb from a "hold" rating to a "buy" rating in a research report on Friday, February 14th. Finally, Morgan Stanley upped their target price on Airbnb from $125.00 to $130.00 and gave the stock an "underweight" rating in a research note on Thursday, April 17th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $141.43.

Insider Activity

In related news, CEO Brian Chesky sold 190,301 shares of Airbnb stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $140.51, for a total value of $26,739,193.51. Following the completion of the transaction, the chief executive officer now owns 12,231,685 shares in the company, valued at $1,718,674,059.35. The trade was a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nathan Blecharczyk sold 183,078 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the completion of the sale, the insider now directly owns 164,850 shares in the company, valued at approximately $26,046,300. This represents a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,173,970 shares of company stock valued at $293,686,892. 27.91% of the stock is currently owned by company insiders.

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.