Whittier Trust Co. Has $2.15 Million Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Whittier Trust Co. decreased its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 15.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 18,012 shares of the company's stock after selling 3,257 shares during the period. Whittier Trust Co.'s holdings in Airbnb were worth $2,152,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of ABNB. Park Square Financial Group LLC bought a new stake in shares of Airbnb during the 4th quarter worth approximately $26,000. Orion Capital Management LLC bought a new stake in shares of Airbnb during the 4th quarter worth approximately $28,000. Stonebridge Financial Group LLC raised its stake in shares of Airbnb by 75.7% during the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock worth $29,000 after purchasing an additional 106 shares in the last quarter. Bartlett & CO. Wealth Management LLC raised its stake in shares of Airbnb by 209.6% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock worth $31,000 after purchasing an additional 174 shares in the last quarter. Finally, Graney & King LLC bought a new stake in shares of Airbnb during the 4th quarter worth approximately $32,000. Institutional investors own 80.76% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ABNB. Robert W. Baird dropped their price objective on Airbnb from $175.00 to $160.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th. Morgan Stanley boosted their target price on Airbnb from $125.00 to $130.00 and gave the stock an "underweight" rating in a report on Thursday, April 17th. DA Davidson raised Airbnb from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $170.00 to $155.00 in a report on Wednesday, April 30th. Canaccord Genuity Group decreased their target price on Airbnb from $190.00 to $180.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Finally, Evercore ISI decreased their target price on Airbnb from $165.00 to $145.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $141.50.

Airbnb Price Performance

Shares of ABNB stock traded up $0.04 on Friday, hitting $139.34. 2,981,752 shares of the company's stock were exchanged, compared to its average volume of 5,025,999. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The stock has a market cap of $87.28 billion, a P/E ratio of 35.19, a price-to-earnings-growth ratio of 2.56 and a beta of 1.13. The company has a 50 day moving average of $134.10 and a 200 day moving average of $130.74.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its 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 firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the business posted $0.41 earnings per share. Sell-side analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $128.66, for a total value of $30,363,760.00. Following the completion of the transaction, the director directly owned 1,416,015 shares in the company, valued at approximately $182,184,489.90. This trade represents a 14.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Chesky sold 8,000 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $128.33, for a total value of $1,026,640.00. Following the completion of the transaction, the chief executive officer owned 40,800 shares of the company's stock, valued at $5,235,864. This represents a 16.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,629,043 shares of company stock worth $210,678,753. 27.91% of the stock is currently owned by 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.