Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC reduced its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 212,165 shares of the company's stock after selling 7,283 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC's holdings in Airbnb were worth $27,881,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Norges Bank purchased a new stake in Airbnb during the fourth quarter valued at approximately $433,374,000. Clearbridge Investments LLC grew its holdings in Airbnb by 147.3% during the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock valued at $571,505,000 after purchasing an additional 2,590,475 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Airbnb by 174.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company's stock worth $245,268,000 after purchasing an additional 1,185,892 shares during the last quarter. Parnassus Investments LLC grew its stake in shares of Airbnb by 8,324.9% during the fourth quarter. Parnassus Investments LLC now owns 655,539 shares of the company's stock valued at $86,144,000 after buying an additional 647,758 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings 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 buying an additional 558,856 shares during the period. Institutional investors own 80.76% of the company's stock.

Airbnb Price Performance

Shares of Airbnb stock traded up $0.80 on Friday, reaching $122.51. The company's stock had a trading volume of 2,904,345 shares, compared to its average volume of 4,792,406. 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 company has a market capitalization of $77.25 billion, a P/E ratio of 29.66, a PEG ratio of 3.52 and a beta of 1.15. The stock has a 50-day moving average price of $125.67 and a 200-day moving average price of $131.93. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $165.50.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ABNB shares. Argus upgraded Airbnb from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. B. Riley upped their target price on shares of Airbnb from $131.00 to $145.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. JMP Securities reaffirmed a "market perform" rating on shares of Airbnb in a research note on Friday, February 14th. Cantor Fitzgerald lowered their target price on Airbnb from $130.00 to $101.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th. Finally, UBS Group upped their price target on shares of Airbnb from $143.00 to $160.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $146.94.

Insiders Place Their Bets

In other Airbnb news, CEO Brian Chesky sold 230,772 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $161.16, for a total value of $37,191,215.52. Following the completion of the sale, the chief executive officer now owns 12,000,913 shares in the company, valued at approximately $1,934,067,139.08. This represents a 1.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of the business's stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $108.76, for a total value of $23,305,636.60. Following the transaction, the director now owns 2,294,870 shares in the company, valued at approximately $249,590,061.20. This represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,213,131 shares of company stock worth $300,179,370. Corporate insiders own 27.83% 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.