Bokf Na Cuts Stake in Airbnb, Inc. (NASDAQ:ABNB)

BOKF NA trimmed its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 31.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,473 shares of the company's stock after selling 7,090 shares during the quarter. BOKF NA's holdings in Airbnb were worth $2,006,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Airbnb during the fourth quarter worth about $433,374,000. Clearbridge Investments LLC lifted its holdings in Airbnb by 147.3% during the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock worth $571,505,000 after buying an additional 2,590,475 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Airbnb by 174.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company's stock worth $245,268,000 after acquiring an additional 1,185,892 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Airbnb by 52.1% during the fourth quarter. AQR Capital Management LLC now owns 2,365,847 shares of the company's stock worth $310,896,000 after acquiring an additional 809,964 shares during the period. Finally, Parnassus Investments LLC raised its stake in shares of Airbnb by 8,324.9% in the fourth quarter. Parnassus Investments LLC now owns 655,539 shares of the company's stock valued at $86,144,000 after acquiring an additional 647,758 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

Airbnb Stock Up 5.6%

NASDAQ:ABNB traded up $7.17 on Monday, hitting $134.21. The stock had a trading volume of 7,196,598 shares, compared to its average volume of 4,865,906. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market cap of $84.62 billion, a P/E ratio of 32.50, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The firm's fifty day simple moving average is $121.52 and its two-hundred day simple moving average is $131.17.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ABNB shares. Wells Fargo & Company lifted their price objective on Airbnb from $100.00 to $104.00 and gave the company an "underweight" rating in a research note on Friday, May 2nd. Morgan Stanley lifted their price target on shares of Airbnb from $125.00 to $130.00 and gave the stock an "underweight" rating in a research note on Thursday, April 17th. JMP Securities reaffirmed a "market perform" rating on shares of Airbnb in a report on Friday, May 2nd. Barclays decreased their target price on Airbnb from $120.00 to $103.00 and set an "underweight" rating for the company in a research report on Friday, May 2nd. Finally, Royal Bank of Canada decreased their target price on shares of Airbnb from $160.00 to $140.00 and set a "sector perform" rating for the company in a research note on Friday, May 2nd. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $141.43.

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 700 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $161.05, for a total value of $112,735.00. Following the sale, the chief technology officer now owns 180,514 shares of the company's stock, valued at $29,071,779.70. The trade was a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of the firm's stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $108.76, for a total transaction of $23,305,636.60. Following the completion of the transaction, the director now directly owns 2,294,870 shares of the company's stock, valued at approximately $249,590,061.20. This trade represents a 8.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,173,970 shares of company stock valued at $293,686,892. Company insiders own 27.91% of the company's stock.

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.