US Bancorp DE Sells 10,476 Shares of Airbnb, Inc. (NASDAQ:ABNB)

US Bancorp DE lessened its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,952 shares of the company’s stock after selling 10,476 shares during the quarter. US Bancorp DE’s holdings in Airbnb were worth $18,391,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in shares of Airbnb during the 4th quarter valued at $25,000. Hollencrest Capital Management lifted its holdings in shares of Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Berbice Capital Management LLC purchased a new stake in shares of Airbnb during the 4th quarter valued at $26,000. Ashton Thomas Securities LLC purchased a new stake in shares of Airbnb during the 3rd quarter valued at $30,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Airbnb during the 4th quarter valued at $44,000. Institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

NASDAQ:ABNB opened at $138.87 on Monday. 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 stock has a market capitalization of $87.56 billion, a PE ratio of 33.62, a price-to-earnings-growth ratio of 3.52 and a beta of 1.12. The stock’s 50-day moving average price is $136.52 and its 200-day moving average price is $132.02.

Airbnb (NASDAQ:ABNB) last posted 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 return on equity of 32.29% and a net margin of 23.85%. As a group, equities analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wedbush reiterated an “outperform” rating and set a $155.00 price objective on shares of Airbnb in a report on Tuesday, February 4th. TD Cowen increased their price objective on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, November 8th. Canaccord Genuity Group raised their target price on Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Baird R W upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. raised their target price on Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Airbnb currently has an average rating of “Hold” and an average target price of $146.48.

Insider Buying and Selling

In related news, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the sale, the chief executive officer now directly owns 12,000,913 shares in the company, valued at approximately $1,934,067,139.08. The trade was a 1.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Elinor Mertz sold 10,500 shares of Airbnb stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $136.97, for a total value of $1,438,185.00. Following the completion of the sale, the chief financial officer now owns 503,738 shares in the company, valued at approximately $68,996,993.86. The trade was a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,116,968 shares of company stock worth $299,497,581. Insiders own 27.83% of the company’s stock.

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.