Caisse DE Depot ET Placement DU Quebec Trims Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Caisse DE Depot ET Placement DU Quebec cut its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 44.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 350,242 shares of the company's stock after selling 276,109 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.06% of Airbnb worth $46,025,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ABNB. Geode Capital Management LLC lifted its holdings in Airbnb by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company's stock valued at $1,244,514,000 after purchasing an additional 72,991 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Airbnb by 147.3% in the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock worth $571,505,000 after purchasing an additional 2,590,475 shares during the last quarter. Northern Trust Corp raised its stake in Airbnb by 8.4% in the fourth quarter. Northern Trust Corp now owns 4,296,835 shares of the company's stock valued at $564,647,000 after purchasing an additional 331,607 shares in the last quarter. Renaissance Technologies LLC lifted its position in Airbnb by 15.5% during the fourth quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company's stock valued at $548,683,000 after purchasing an additional 558,856 shares during the last quarter. Finally, Norges Bank purchased a new position in Airbnb in the 4th quarter worth approximately $433,374,000. 80.76% of the stock is owned by institutional investors.

Insider Transactions at Airbnb

In related news, CEO Brian Chesky sold 230,772 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $161.16, for a total value of $37,191,215.52. Following the completion of the sale, the chief executive officer now owns 12,000,913 shares of the company's stock, valued at approximately $1,934,067,139.08. This represents a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 11,488 shares of Airbnb stock in a transaction on Friday, February 14th. The shares were sold at an average price of $158.00, for a total value of $1,815,104.00. Following the completion of the sale, the chief technology officer now owns 181,214 shares in the company, valued at $28,631,812. This represents a 5.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,953,435 shares of company stock worth $266,592,685. Insiders own 27.83% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Barclays reduced their target price on Airbnb from $120.00 to $103.00 and set an "underweight" rating on the stock in a research note on Friday, May 2nd. Tigress Financial boosted their price objective on Airbnb from $195.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, March 14th. Baird R W raised shares of Airbnb from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Susquehanna lowered their price objective on shares of Airbnb from $200.00 to $150.00 and set a "positive" rating for the company in a research note on Monday. Finally, HSBC raised Airbnb from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $142.31.

Airbnb Stock Up 0.5 %

Airbnb stock traded up $0.59 during trading hours on Wednesday, reaching $122.26. The stock had a trading volume of 1,113,596 shares, compared to its average volume of 5,563,844. The business's 50 day moving average price is $122.42 and its 200-day moving average price is $131.37. 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 52 week low of $99.88 and a 52 week high of $163.93. The company has a market cap of $77.09 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 3.52 and a beta of 1.14.

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 return on equity of 32.29% and a net margin of 23.85%. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the previous year, the company posted $0.41 earnings per share. The business's revenue for the quarter was up 7.4% on a year-over-year basis. Sell-side analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

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.