Woodline Partners LP Lowers Stake in Airbnb, Inc. (NASDAQ:ABNB)

Woodline Partners LP cut its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 64.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,996 shares of the company's stock after selling 47,943 shares during the period. Woodline Partners LP's holdings in Airbnb were worth $3,416,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ABNB. MJP Associates Inc. ADV lifted its holdings in Airbnb by 1.8% in the fourth quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock valued at $490,000 after buying an additional 67 shares during the period. CAP Partners LLC increased its position in Airbnb by 3.6% in the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company's stock valued at $293,000 after buying an additional 77 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in shares of Airbnb by 1.4% in the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company's stock worth $728,000 after purchasing an additional 78 shares in the last quarter. Ellevest Inc. increased its position in shares of Airbnb by 3.1% during the fourth quarter. Ellevest Inc. now owns 2,655 shares of the company's stock worth $349,000 after acquiring an additional 80 shares in the last quarter. Finally, Manchester Capital Management LLC raised its stake in shares of Airbnb by 18.2% in the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company's stock worth $69,000 after purchasing an additional 81 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Airbnb Trading Down 0.2%

NASDAQ:ABNB traded down $0.29 on Friday, hitting $128.07. The stock had a trading volume of 1,910,579 shares, compared to its average volume of 4,914,331. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market cap of $80.22 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 3.52 and a beta of 1.14. The company has a fifty day moving average price of $122.48 and a two-hundred day moving average price of $130.72. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share 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 analyst estimates of $2.26 billion. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 earnings per share. Equities research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ABNB shares. Susquehanna dropped their price objective on Airbnb from $200.00 to $150.00 and set a "positive" rating on the stock in a research note on Monday, May 5th. Morgan Stanley boosted their price target 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. Wedbush downgraded Airbnb from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $150.00 to $135.00 in a research report on Friday, May 2nd. Truist Financial reissued a "sell" rating and issued a $106.00 target price (down previously from $112.00) on shares of Airbnb in a research note on Friday. Finally, Tigress Financial increased 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. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Airbnb currently has an average rating of "Hold" and a consensus price target of $141.23.

Insider Buying and Selling at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $140.10, for a total value of $875,625.00. Following the transaction, the chief financial officer now directly owns 449,463 shares in the company, valued at $62,969,766.30. The trade was a 1.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Brian Chesky sold 38,459 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $120.44, for a total transaction of $4,632,001.96. Following the transaction, the chief executive officer now directly owns 11,731,685 shares of the company's stock, valued at $1,412,964,141.40. The trade was a 0.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,389,925 shares of company stock worth $170,370,496 in the last ninety days. 27.91% of the stock is 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.