Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 333,063 shares of the company's stock after selling 8,401 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.05% of Airbnb worth $43,768,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ABNB. Golden State Wealth Management LLC bought a new position in Airbnb during the 4th quarter valued at about $25,000. Berbice Capital Management LLC bought a new position in Airbnb during the 4th quarter valued at about $26,000. Graney & King LLC bought a new position in Airbnb during the 4th quarter valued at about $32,000. Whipplewood Advisors LLC bought a new position in Airbnb during the 4th quarter valued at about $44,000. Finally, Cromwell Holdings LLC grew its holdings in Airbnb by 82.5% during the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock valued at $49,000 after purchasing an additional 170 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ABNB has been the topic of several analyst reports. Argus upgraded shares of Airbnb from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. 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. Needham & Company LLC reiterated a "hold" rating on shares of Airbnb in a report on Wednesday. Morgan Stanley boosted their price objective on shares of Airbnb from $125.00 to $130.00 and gave the company an "underweight" rating in a research report on Thursday, April 17th. Finally, Barclays lowered their price objective on shares of Airbnb from $120.00 to $103.00 and set an "underweight" rating for the company in a research report on Friday, May 2nd. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Airbnb has an average rating of "Hold" and an average price target of $141.43.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $122.84, for a total transaction of $26,322,769.40. Following the transaction, the director now owns 1,866,300 shares in the company, valued at approximately $229,256,292. This represents a 10.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Brian Chesky sold 115,385 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $160.32, for a total transaction of $18,498,523.20. Following the completion of the sale, the chief executive officer now owns 11,885,528 shares in the company, valued at $1,905,487,848.96. The trade was a 0.96% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,533,331 shares of company stock worth $195,015,055. 27.83% of the stock is owned by corporate insiders.

Airbnb Stock Up 0.9%

NASDAQ:ABNB traded up $1.21 during midday trading on Friday, reaching $138.00. 3,673,218 shares of the stock traded hands, compared to its average volume of 4,868,129. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The business has a 50-day moving average of $121.83 and a two-hundred day moving average of $131.26. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market capitalization of $87.01 billion, a PE ratio of 33.41, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14.

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 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 for the quarter, compared to analysts' expectations of $2.26 billion. During the same period in the previous year, the company earned $0.41 EPS. The company's revenue was up 7.4% on a year-over-year basis. On average, equities analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

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.