Airbnb, Inc. (NASDAQ:ABNB) Position Reduced by Beck Bode LLC

Beck Bode LLC lessened its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 96.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,815 shares of the company's stock after selling 46,248 shares during the period. Beck Bode LLC's holdings in Airbnb were worth $247,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ABNB. Vanguard Group Inc. raised its stake in shares of Airbnb by 43.0% during the third quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company's stock valued at $4,697,896,000 after acquiring an additional 10,301,746 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in Airbnb during the third quarter valued at approximately $235,338,000. Northern Trust Corp increased its holdings in Airbnb by 41.3% during the third quarter. Northern Trust Corp now owns 4,363,711 shares of the company's stock valued at $598,745,000 after buying an additional 1,276,456 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Airbnb by 69.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,301,395 shares of the company's stock valued at $315,774,000 after buying an additional 943,520 shares during the period. Finally, Alphinity Investment Management Pty Ltd increased its holdings in Airbnb by 48.3% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 2,496,885 shares of the company's stock valued at $339,926,000 after buying an additional 813,074 shares during the period. Institutional investors own 80.76% of the company's stock.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the company's stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $157.24, for a total transaction of $94,344.00. Following the completion of the sale, the chief technology officer now owns 221,104 shares of the company's stock, valued at approximately $34,766,392.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CTO Aristotle N. Balogh sold 600 shares of the company's stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $157.24, for a total transaction of $94,344.00. Following the completion of the sale, the chief technology officer now owns 221,104 shares of the company's stock, valued at approximately $34,766,392.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 22,170 shares of the company's stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $169.18, for a total transaction of $3,750,720.60. Following the sale, the chief technology officer now directly owns 143,731 shares of the company's stock, valued at approximately $24,316,410.58. The disclosure for this sale can be found here. Insiders sold 396,274 shares of company stock valued at $63,616,059 over the last 90 days. Corporate insiders own 27.83% of the company's stock.

Airbnb Price Performance

Shares of ABNB stock traded down $2.41 on Wednesday, reaching $156.16. 2,751,509 shares of the company were exchanged, compared to its average volume of 4,457,421. The company has a market cap of $101.05 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 2.16 and a beta of 1.25. The business has a 50-day moving average price of $160.84 and a 200 day moving average price of $144.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. Airbnb, Inc. has a 1 year low of $103.55 and a 1 year high of $170.10.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. B. Riley assumed coverage on shares of Airbnb in a report on Wednesday, April 3rd. They issued a "neutral" rating and a $150.00 price target on the stock. UBS Group cut their price target 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. B. Riley Financial assumed coverage on shares of Airbnb in a report on Wednesday, April 3rd. They issued a "neutral" rating and a $150.00 price target on the stock. Tigress Financial lifted their price target on shares of Airbnb from $185.00 to $195.00 and gave the stock a "buy" rating in a report on Friday, April 5th. Finally, Bank of America lifted their price target on shares of Airbnb from $155.00 to $168.00 and gave the stock a "neutral" rating in a report on Thursday, March 14th. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $149.19.

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.