Los Angeles Capital Management LLC Lowers Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Los Angeles Capital Management LLC lowered its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 35.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 66,565 shares of the company's stock after selling 36,755 shares during the period. Los Angeles Capital Management LLC's holdings in Airbnb were worth $9,062,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ABNB. Vanguard Group Inc. lifted its stake in shares of Airbnb by 43.0% in the 3rd quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company's stock worth $4,697,896,000 after purchasing an additional 10,301,746 shares during the period. 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 last quarter. Legal & General Group Plc raised its position in Airbnb by 5.0% in the third quarter. Legal & General Group Plc now owns 2,568,807 shares of the company's stock worth $352,466,000 after acquiring an additional 121,651 shares during the period. Alphinity Investment Management Pty Ltd boosted its stake in shares of Airbnb by 48.3% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,496,885 shares of the company's stock worth $339,926,000 after acquiring an additional 813,074 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Airbnb by 69.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,301,395 shares of the company's stock valued at $315,774,000 after acquiring an additional 943,520 shares during the period. Hedge funds and other institutional investors own 80.76% of the company's stock.

Insider Buying and Selling at Airbnb

In related news, CTO Aristotle N. Balogh sold 75,500 shares of Airbnb stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $155.31, for a total transaction of $11,725,905.00. Following the completion of the transaction, the chief technology officer now directly owns 146,131 shares of the company's stock, valued at approximately $22,695,605.61. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CTO Aristotle N. Balogh sold 75,500 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $155.31, for a total transaction of $11,725,905.00. Following the completion of the sale, the chief technology officer now directly owns 146,131 shares of the company's stock, valued at approximately $22,695,605.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 50,000 shares of the company's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $164.00, for a total value of $8,200,000.00. Following the completion of the transaction, the chief technology officer now directly owns 145,531 shares in the company, valued at approximately $23,867,084. The disclosure for this sale can be found here. Insiders have sold 396,874 shares of company stock worth $63,712,671 over the last quarter. Insiders own 27.83% of the company's stock.

Airbnb Trading Up 0.9 %

ABNB traded up $1.38 on Friday, hitting $159.71. The company had a trading volume of 4,529,908 shares, compared to its average volume of 3,159,564. Airbnb, Inc. has a 12-month low of $103.55 and a 12-month high of $170.10. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. The business's fifty day simple moving average is $161.18 and its 200 day simple moving average is $144.81. The company has a market cap of $103.34 billion, a PE ratio of 22.06, a PEG ratio of 2.12 and a beta of 1.24.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced 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. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The firm had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.16 billion. Equities research analysts expect that Airbnb, Inc. will post 4.47 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on ABNB shares. Wedbush reaffirmed a "neutral" rating and issued a $160.00 target price on shares of Airbnb in a report on Thursday, April 18th. DA Davidson reaffirmed a "neutral" rating and set a $145.00 price objective on shares of Airbnb in a research report on Friday, March 15th. Royal Bank of Canada increased their target price on shares of Airbnb from $140.00 to $150.00 and gave the stock a "sector perform" rating in a report on Wednesday, February 14th. Bank of America lifted their price target on shares of Airbnb from $155.00 to $168.00 and gave the company a "neutral" rating in a report on Thursday, March 14th. Finally, Susquehanna increased their price objective on shares of Airbnb from $160.00 to $180.00 and gave the stock a "positive" rating in a research note on Wednesday, February 14th. Four investment 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. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $149.19.

Airbnb Company 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.