USS Investment Management Ltd Sells 4,016 Shares of Airbnb, Inc. (NASDAQ:ABNB)

USS Investment Management Ltd lessened its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,609 shares of the company's stock after selling 4,016 shares during the quarter. USS Investment Management Ltd's holdings in Airbnb were worth $9,280,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Arkadios Wealth Advisors lifted its position in Airbnb by 8.2% in the 4th quarter. Arkadios Wealth Advisors now owns 2,967 shares of the company's stock valued at $390,000 after acquiring an additional 225 shares in the last quarter. HB Wealth Management LLC lifted its holdings in shares of Airbnb by 13.2% in the fourth quarter. HB Wealth Management LLC now owns 5,955 shares of the company's stock valued at $783,000 after purchasing an additional 694 shares in the last quarter. Ameritas Advisory Services LLC lifted its holdings in shares of Airbnb by 53.0% in the fourth quarter. Ameritas Advisory Services LLC now owns 3,193 shares of the company's stock valued at $420,000 after purchasing an additional 1,106 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Airbnb by 90.0% during the fourth quarter. UMB Bank n.a. now owns 935 shares of the company's stock valued at $123,000 after buying an additional 443 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Airbnb by 36.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 886 shares of the company's stock worth $116,000 after buying an additional 237 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Wall Street Analysts Forecast Growth

ABNB has been the topic of several recent analyst reports. Wells Fargo & Company raised 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. Tigress Financial raised their price target on shares of Airbnb from $195.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, March 14th. Piper Sandler cut their price target on shares of Airbnb from $145.00 to $132.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Cantor Fitzgerald reaffirmed an "underweight" rating and issued a $100.00 price objective on shares of Airbnb in a research report on Wednesday, May 14th. Finally, Susquehanna dropped their target price on shares of Airbnb from $200.00 to $150.00 and set a "positive" rating on the stock in a research report on Monday, May 5th. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $141.43.

Airbnb Price Performance

Shares of NASDAQ ABNB traded up $2.97 during midday trading on Tuesday, hitting $129.69. 2,072,743 shares of the company's stock were exchanged, compared to its average volume of 4,900,867. The business's fifty day moving average price is $122.45 and its two-hundred day moving average price is $130.81. The company has a market cap of $81.24 billion, a price-to-earnings ratio of 31.47, a PEG ratio of 3.52 and a beta of 1.14. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. 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 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). The firm had revenue of $2.27 billion for the quarter, compared to analysts' expectations of $2.26 billion. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The company's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS. As a group, research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Activity

In other Airbnb news, insider Nathan Blecharczyk sold 26,154 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $145.00, for a total value of $3,792,330.00. Following the transaction, the insider now owns 159,337 shares in the company, valued at approximately $23,103,865. The trade was a 14.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $140.10, for a total transaction of $98,070.00. Following the sale, the chief technology officer now owns 172,819 shares of the company's stock, valued at approximately $24,211,941.90. This represents a 0.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,416,079 shares of company stock valued at $174,162,826. Corporate insiders own 27.91% of the company's stock.

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.