Bank Julius Baer & Co. Ltd Zurich Sells 4,929 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Bank Julius Baer & Co. Ltd Zurich trimmed its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 68.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,256 shares of the company's stock after selling 4,929 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Airbnb were worth $307,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Airbnb by 43.0% during the 3rd quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company's stock valued at $4,697,896,000 after buying an additional 10,301,746 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Airbnb by 41.3% in the 3rd quarter. Northern Trust Corp now owns 4,363,711 shares of the company's stock worth $598,745,000 after buying an additional 1,276,456 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Airbnb by 5.0% in the 3rd quarter. Legal & General Group Plc now owns 2,568,807 shares of the company's stock worth $352,466,000 after buying an additional 121,651 shares during the last quarter. Alphinity Investment Management Pty Ltd increased its holdings in shares of Airbnb by 48.3% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,496,885 shares of the company's stock worth $339,926,000 after buying an additional 813,074 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Airbnb by 69.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,301,395 shares of the company's stock worth $315,774,000 after buying an additional 943,520 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 60,000 shares of the company's stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $146.58, for a total value of $8,794,800.00. Following the completion of the transaction, the insider now directly owns 473,762 shares in the company, valued at $69,444,033.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Nathan Blecharczyk sold 60,000 shares of the company's stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $146.58, for a total transaction of $8,794,800.00. Following the completion of the transaction, the insider now owns 473,762 shares in the company, valued at $69,444,033.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 78,682 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the transaction, the chief technology officer now owns 144,331 shares of the company's stock, valued at approximately $24,435,238.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 456,274 shares of company stock valued at $72,410,859. Insiders own 30.84% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wedbush reissued a "neutral" rating and issued a $160.00 price target on shares of Airbnb in a report on Thursday, April 18th. DA Davidson reaffirmed a "neutral" rating and set a $145.00 target price on shares of Airbnb in a report on Friday, March 15th. UBS Group reduced their target price on shares of Airbnb from $148.00 to $143.00 and set a "neutral" rating on the stock in a report on Wednesday, February 14th. Wells Fargo & Company increased their target price on shares of Airbnb from $107.00 to $127.00 and gave the company an "underweight" rating in a report on Monday, April 1st. Finally, BMO Capital Markets increased their target price on shares of Airbnb from $134.00 to $135.00 and gave the company a "market perform" rating in a report on Wednesday, February 14th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $149.19.

Airbnb Stock Performance

Shares of ABNB traded up $1.22 during mid-day trading on Friday, hitting $164.23. 2,821,077 shares of the company traded hands, compared to its average volume of 2,991,706. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a 50-day moving average price of $160.44 and a two-hundred day moving average price of $143.60. Airbnb, Inc. has a 1 year low of $103.55 and a 1 year high of $170.10. The stock has a market cap of $106.27 billion, a price-to-earnings ratio of 22.68, a P/E/G ratio of 2.18 and a beta of 1.25.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The firm had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.16 billion. Equities analysts anticipate that Airbnb, Inc. will post 4.47 earnings per share for the current 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.