Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. trimmed its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,152 shares of the company’s stock after selling 3,314 shares during the period. Achmea Investment Management B.V.’s holdings in Airbnb were worth $10,139,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vestcor Inc raised its holdings in Airbnb by 59.8% in the 4th quarter. Vestcor Inc now owns 13,684 shares of the company’s stock valued at $1,798,000 after acquiring an additional 5,120 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Airbnb by 86.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 22,881 shares of the company’s stock valued at $3,007,000 after purchasing an additional 10,624 shares during the last quarter. Essential Planning LLC. purchased a new position in Airbnb during the fourth quarter worth approximately $387,000. Farther Finance Advisors LLC boosted its stake in Airbnb by 35.1% during the fourth quarter. Farther Finance Advisors LLC now owns 3,559 shares of the company’s stock worth $468,000 after buying an additional 924 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in Airbnb by 49.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 5,985 shares of the company’s stock worth $786,000 after buying an additional 1,983 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ABNB shares. HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Canaccord Genuity Group lifted their target price on shares of Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. UBS Group increased their price target on shares of Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Jefferies Financial Group raised shares of Airbnb from a “hold” rating to a “buy” rating and lifted their price target for the company from $165.00 to $185.00 in a research report on Monday. Finally, The Goldman Sachs Group upgraded Airbnb from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $110.00 to $153.00 in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $148.00.

Airbnb Stock Down 5.7 %

Shares of Airbnb stock opened at $119.38 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a market capitalization of $75.27 billion, a P/E ratio of 28.91, a P/E/G ratio of 3.52 and a beta of 1.10. The company has a 50 day moving average of $136.49 and a 200 day moving average of $132.80.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 20,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $131.87, for a total value of $2,637,400.00. Following the completion of the transaction, the chief technology officer now owns 185,414 shares in the company, valued at $24,450,544.18. This represents a 9.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Nathan Blecharczyk sold 183,078 shares of Airbnb stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the sale, the insider now owns 164,850 shares in the company, valued at $26,046,300. This trade represents a 52.62 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,269,494 shares of company stock valued at $318,203,453. 27.83% of the stock is currently owned by corporate insiders.

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.