Whittier Trust Co. of Nevada Inc. Has $917,000 Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Whittier Trust Co. of Nevada Inc. lessened its stake in Airbnb, Inc. (NASDAQ:ABNB) by 87.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,979 shares of the company’s stock after selling 50,287 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Airbnb were worth $917,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. iA Global Asset Management Inc. boosted its holdings in shares of Airbnb by 4.0% in the 4th quarter. iA Global Asset Management Inc. now owns 46,657 shares of the company’s stock valued at $6,131,000 after buying an additional 1,804 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in Airbnb by 777.7% during the 4th quarter. Teacher Retirement System of Texas now owns 25,954 shares of the company’s stock valued at $3,411,000 after purchasing an additional 22,997 shares during the last quarter. Royal London Asset Management Ltd. lifted its holdings in Airbnb by 2.2% during the 4th quarter. Royal London Asset Management Ltd. now owns 251,660 shares of the company’s stock valued at $33,071,000 after purchasing an additional 5,520 shares during the last quarter. Trivest Advisors Ltd lifted its holdings in Airbnb by 137.3% during the 4th quarter. Trivest Advisors Ltd now owns 849,500 shares of the company’s stock valued at $111,633,000 after purchasing an additional 491,500 shares during the last quarter. Finally, Kazazian Asset Management LLC acquired a new stake in Airbnb during the 4th quarter valued at $3,004,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Performance

Shares of ABNB stock opened at $128.80 on Friday. The business’s 50-day moving average price is $135.72 and its 200-day moving average price is $133.30. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.00. The firm has a market capitalization of $81.21 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 3.52 and a beta of 1.10. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Equities research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Morgan Stanley raised their price target on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Truist Financial cut their price target on Airbnb from $123.00 to $112.00 and set a “hold” rating for the company in a report on Friday. B. Riley raised their price target on Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, February 14th. UBS Group increased their price objective on Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Finally, Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Five analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $147.82.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 20,000 shares of Airbnb stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $131.87, for a total value of $2,637,400.00. Following the transaction, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at $24,450,544.18. The trade was a 9.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $126.60, for a total value of $4,869,162.60. Following the completion of the transaction, the chief executive officer now directly owns 11,770,144 shares in the company, valued at approximately $1,490,100,230.40. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,094,370 shares of company stock valued at $294,900,910. 27.83% of the stock is currently owned by corporate insiders.

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.