Nuveen Asset Management LLC Has $299.29 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Nuveen Asset Management LLC trimmed its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 79.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,277,545 shares of the company's stock after selling 9,069,501 shares during the period. Nuveen Asset Management LLC owned approximately 0.36% of Airbnb worth $299,292,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ABNB. Verde Capital Management raised its position in shares of Airbnb by 25.3% during the 4th quarter. Verde Capital Management now owns 21,118 shares of the company's stock worth $2,775,000 after buying an additional 4,269 shares in the last quarter. Baltimore Washington Financial Advisors Inc. raised its holdings in Airbnb by 14.8% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company's stock worth $6,498,000 after purchasing an additional 6,357 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Airbnb by 40.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company's stock worth $90,123,000 after purchasing an additional 197,558 shares during the period. Sarasin & Partners LLP acquired a new stake in Airbnb in the fourth quarter worth approximately $2,272,000. Finally, RFG Advisory LLC boosted its stake in Airbnb by 47.2% during the 4th quarter. RFG Advisory LLC now owns 6,617 shares of the company's stock valued at $870,000 after purchasing an additional 2,123 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Airbnb Stock Up 0.9%

ABNB traded up $1.21 on Friday, reaching $138.00. 3,673,218 shares of the company traded hands, 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 debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market cap of $87.01 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 3.52 and a beta of 1.14. The stock's 50 day moving average price is $121.83 and its 200-day moving average price is $131.23.

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

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $108.76, for a total transaction of $23,305,636.60. Following the completion of the sale, the director now directly owns 2,294,870 shares in the company, valued at $249,590,061.20. The trade was a 8.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $161.05, for a total value of $112,735.00. Following the completion of the sale, the chief technology officer now directly owns 180,514 shares of the company's stock, valued at approximately $29,071,779.70. The trade was a 0.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,533,331 shares of company stock worth $195,015,055 over the last 90 days. 27.83% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ABNB shares. The Goldman Sachs Group raised Airbnb from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $110.00 to $153.00 in a research note on Friday, February 14th. Robert W. Baird reduced their price objective on shares of Airbnb from $175.00 to $160.00 and set an "outperform" rating for the company in a research report on Tuesday, March 25th. Piper Sandler lowered their price objective on shares of Airbnb from $145.00 to $132.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. JMP Securities reissued a "market perform" rating on shares of Airbnb in a research note on Friday, May 2nd. Finally, Tigress Financial lifted their price target on shares of Airbnb from $195.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, March 14th. Four 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 company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $141.43.

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.