Airbnb, Inc. (NASDAQ:ABNB) Stock Position Decreased by Brown Advisory Inc.

Brown Advisory Inc. trimmed its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 4.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,372,423 shares of the company's stock after selling 218,183 shares during the period. Brown Advisory Inc. owned about 0.69% of Airbnb worth $522,330,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new position in Airbnb during the 4th quarter valued at about $26,000. Orion Capital Management LLC purchased a new stake in shares of Airbnb during the fourth quarter valued at $28,000. Graney & King LLC purchased a new stake in shares of Airbnb during the fourth quarter valued at $32,000. Stonebridge Financial Group LLC boosted its stake in shares of Airbnb by 75.7% during the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock valued at $29,000 after purchasing an additional 106 shares during the period. Finally, Bartlett & CO. Wealth Management LLC boosted its stake in shares of Airbnb by 209.6% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock valued at $31,000 after purchasing an additional 174 shares during the period. 80.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Brian Chesky sold 8,000 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $128.33, for a total value of $1,026,640.00. Following the completion of the sale, the chief executive officer owned 40,800 shares in the company, valued at $5,235,864. This represents a 16.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Elinor Mertz sold 6,250 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $123.43, for a total value of $771,437.50. Following the completion of the sale, the chief financial officer owned 485,080 shares of the company's stock, valued at approximately $59,873,424.40. This trade represents a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,629,143 shares of company stock worth $210,676,703 in the last three months. 27.91% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Morgan Stanley upped their target price 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. DA Davidson upgraded shares of Airbnb from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $170.00 to $155.00 in a research note on Wednesday, April 30th. Truist Financial restated a "sell" rating and issued a $106.00 target price (down from $112.00) on shares of Airbnb in a research note on Friday, May 30th. UBS Group dropped their target price on shares of Airbnb from $160.00 to $138.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Airbnb from $160.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Airbnb has a consensus rating of "Hold" and an average target price of $141.47.

Airbnb Stock Down 1.1%

Shares of ABNB traded down $1.49 during trading on Friday, reaching $135.51. The company's stock had a trading volume of 681,538 shares, compared to its average volume of 5,026,082. The company has a fifty day moving average of $132.80 and a two-hundred day moving average of $130.63. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The company has a market cap of $84.88 billion, a price-to-earnings ratio of 34.22, a P/E/G ratio of 2.56 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its 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 22.60% and a return on equity of 30.91%. The business 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 company earned $0.41 earnings per share. The business's revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal 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.