Numerai GP LLC Has $964,000 Stake in Airbnb, Inc. (NASDAQ:ABNB)

Numerai GP LLC lessened its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 67.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,338 shares of the company's stock after selling 15,255 shares during the period. Numerai GP LLC's holdings in Airbnb were worth $964,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in shares of Airbnb by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company's stock valued at $1,244,514,000 after acquiring an additional 72,991 shares during the period. Clearbridge Investments LLC lifted its position in Airbnb by 147.3% in 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. Northern Trust Corp boosted its stake in Airbnb by 8.4% during the 4th quarter. Northern Trust Corp now owns 4,296,835 shares of the company's stock valued at $564,647,000 after purchasing an additional 331,607 shares during the period. Renaissance Technologies LLC boosted its stake in Airbnb by 15.5% during the 4th quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company's stock valued at $548,683,000 after purchasing an additional 558,856 shares during the period. Finally, Norges Bank bought a new position in Airbnb in the 4th quarter worth about $433,374,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Insider Buying and Selling at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 2,712 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $156.32, for a total value of $423,939.84. Following the transaction, the insider now owns 159,337 shares in the company, valued at $24,907,559.84. The trade was a 1.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Brian Chesky sold 115,385 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $160.32, for a total value of $18,498,523.20. Following the completion of the transaction, the chief executive officer now directly owns 11,885,528 shares in the company, valued at approximately $1,905,487,848.96. The trade was a 0.96% decrease in their ownership of the stock. 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 currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on ABNB. JPMorgan Chase & Co. cut their price target on Airbnb from $160.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Cantor Fitzgerald reaffirmed an "underweight" rating and set a $100.00 target price on shares of Airbnb in a research note on Wednesday. Barclays decreased their price target on Airbnb from $120.00 to $103.00 and set an "underweight" rating for the company in a research note on Friday, May 2nd. Citigroup cut their price objective on shares of Airbnb from $170.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Finally, Piper Sandler decreased their target price on shares of Airbnb from $145.00 to $132.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $141.43.

Airbnb Stock Up 0.9%

Airbnb stock traded up $1.21 during mid-day trading on Friday, hitting $138.00. The company's stock had a trading volume of 3,673,218 shares, compared to its average volume of 4,874,511. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The company has a market cap 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. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The firm's 50 day moving average is $121.83 and its 200 day moving average is $131.23.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). The company had revenue of $2.27 billion during the quarter, compared to analysts' expectations of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Airbnb's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. On average, analysts anticipate that Airbnb, Inc. will post 4.31 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.