Robeco Institutional Asset Management B.V. Cuts Position in Airbnb, Inc. (NASDAQ:ABNB)

Robeco Institutional Asset Management B.V. trimmed its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 21.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 761,509 shares of the company's stock after selling 204,002 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.12% of Airbnb worth $90,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Aster Capital Management DIFC Ltd bought a new position in shares of Airbnb during the fourth quarter valued at about $1,445,000. Ritholtz Wealth Management increased its holdings in Airbnb by 10.0% during the 1st quarter. Ritholtz Wealth Management now owns 5,328 shares of the company's stock valued at $636,000 after purchasing an additional 484 shares during the period. Janney Montgomery Scott LLC increased its holdings in Airbnb by 0.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 51,192 shares of the company's stock valued at $6,115,000 after purchasing an additional 228 shares during the period. EFG Asset Management Americas Corp. bought a new position in Airbnb during the 4th quarter valued at approximately $4,406,000. Finally, Jones Financial Companies Lllp lifted its holdings in Airbnb by 43.0% in the 4th quarter. Jones Financial Companies Lllp now owns 7,166 shares of the company's stock worth $942,000 after buying an additional 2,155 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ABNB shares. JPMorgan Chase & Co. reduced their target price on Airbnb from $160.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company raised their price target on Airbnb from $100.00 to $104.00 and gave the stock an "underweight" rating in a research note on Friday, May 2nd. UBS Group reduced their price objective on shares of Airbnb from $160.00 to $138.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Piper Sandler dropped their target price on shares of Airbnb from $145.00 to $132.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Finally, Barclays reduced their price target on shares of Airbnb from $120.00 to $103.00 and set an "underweight" rating on the stock in a research report on Friday, May 2nd. Five 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $141.23.

Airbnb Stock Up 0.6%

Airbnb stock traded up $0.80 during trading hours on Friday, hitting $134.52. The stock had a trading volume of 4,929,624 shares, compared to its average volume of 5,028,615. The stock's 50-day moving average price is $129.56 and its 200-day moving average price is $130.47. The stock has a market capitalization of $84.26 billion, a P/E ratio of 33.97, a price-to-earnings-growth ratio of 2.43 and a beta of 1.14. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The business had revenue of $2.27 billion for the quarter, compared to analysts' expectations of $2.26 billion. Airbnb had a net margin of 22.60% and a return on equity of 30.91%. Airbnb's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 EPS. On average, research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Buying and Selling at Airbnb

In related news, Director Joseph Gebbia sold 236,000 shares of the firm's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $139.40, for a total transaction of $32,898,400.00. Following the completion of the transaction, the director now directly owns 1,180,015 shares of the company's stock, valued at approximately $164,494,091. This trade represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nathan Blecharczyk sold 2,245 shares of Airbnb stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $134.03, for a total transaction of $300,897.35. Following the completion of the sale, the insider now owns 188,173 shares in the company, valued at approximately $25,220,827.19. This represents a 1.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,646,087 shares of company stock valued at $206,326,144 over the last ninety days. 27.91% of the stock is currently owned by company insiders.

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.