Hyperion Asset Management Ltd Sells 16,382 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Hyperion Asset Management Ltd trimmed its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 330,428 shares of the company's stock after selling 16,382 shares during the quarter. Airbnb comprises 1.4% of Hyperion Asset Management Ltd's portfolio, making the stock its 17th biggest holding. Hyperion Asset Management Ltd owned 0.05% of Airbnb worth $43,422,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC increased its position in Airbnb by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company's stock worth $1,244,514,000 after buying an additional 72,991 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of Airbnb by 147.3% in the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock worth $571,505,000 after purchasing an additional 2,590,475 shares during the period. Northern Trust Corp increased its stake in shares of Airbnb by 8.4% in the fourth quarter. Northern Trust Corp now owns 4,296,835 shares of the company's stock worth $564,647,000 after purchasing an additional 331,607 shares during the period. Renaissance Technologies LLC increased its stake in shares of Airbnb by 15.5% in the fourth quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company's stock worth $548,683,000 after purchasing an additional 558,856 shares during the period. Finally, Norges Bank bought a new position in shares of Airbnb in the fourth quarter worth about $433,374,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on ABNB. Wedbush lowered Airbnb from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $150.00 to $135.00 in a research note on Friday, May 2nd. Cantor Fitzgerald reissued an "underweight" rating and set a $100.00 target price on shares of Airbnb in a research report on Wednesday. Argus raised Airbnb from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Piper Sandler decreased their price objective on Airbnb from $145.00 to $132.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Finally, Evercore ISI decreased their price objective on Airbnb from $165.00 to $145.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $141.43.

Airbnb Trading Up 0.9%

Shares of Airbnb stock traded up $1.28 on Friday, hitting $138.07. 1,757,791 shares of the company's stock traded hands, compared to its average volume of 4,856,639. The firm's 50-day moving average price is $121.58 and its two-hundred day moving average price is $131.26. The stock has a market capitalization of $87.06 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the company earned $0.41 EPS. Airbnb's quarterly revenue was up 7.4% on a year-over-year basis. On average, research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Activity at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $123.43, for a total transaction of $771,437.50. Following the completion of the transaction, the chief financial officer now owns 485,080 shares in the company, valued at approximately $59,873,424.40. This represents a 1.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Gebbia sold 214,285 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $141.93, for a total value of $30,413,470.05. Following the completion of the transaction, the director now owns 428,575 shares of the company's stock, valued at $60,827,649.75. The trade was a 33.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,533,331 shares of company stock worth $195,015,055 in the last quarter. Corporate insiders own 27.83% of the company's stock.

About Airbnb

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.