Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC decreased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 20.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 340,639 shares of the company’s stock after selling 85,267 shares during the quarter. Airbnb makes up approximately 0.9% of Zevenbergen Capital Investments LLC’s investment portfolio, making the stock its 28th largest position. Zevenbergen Capital Investments LLC’s holdings in Airbnb were worth $44,763,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC increased its position in shares of Airbnb by 3,643.9% in the third quarter. Quest Partners LLC now owns 2,134 shares of the company’s stock valued at $271,000 after buying an additional 2,077 shares in the last quarter. Avior Wealth Management LLC raised its position in Airbnb by 20.3% during the third quarter. Avior Wealth Management LLC now owns 1,032 shares of the company’s stock worth $131,000 after acquiring an additional 174 shares during the period. Commerce Bank lifted its holdings in Airbnb by 14.2% during the third quarter. Commerce Bank now owns 21,338 shares of the company’s stock valued at $2,706,000 after purchasing an additional 2,658 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Airbnb by 11.5% in the third quarter. Advisors Asset Management Inc. now owns 14,368 shares of the company’s stock valued at $1,822,000 after purchasing an additional 1,479 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in shares of Airbnb by 19.3% during the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock worth $74,000 after purchasing an additional 94 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Trading Up 2.1 %

Airbnb stock opened at $128.80 on Monday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.00. The firm’s 50-day moving average is $135.72 and its 200-day moving average is $133.43. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market cap of $81.21 billion, a P/E ratio of 31.19, a PEG ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last issued its 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%. On average, equities analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Activity

In other Airbnb news, CTO Aristotle N. Balogh sold 20,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $131.87, for a total transaction of $2,637,400.00. Following the completion of the transaction, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at approximately $24,450,544.18. This trade represents a 9.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 38,461 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 11,770,144 shares in the company, valued at $1,490,100,230.40. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,055,909 shares of company stock valued at $289,763,290. Company insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

ABNB has been the topic of several research reports. UBS Group raised their target price on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research report on Friday, February 14th. Tigress Financial raised their price objective on Airbnb from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, March 14th. Barclays increased their price objective on shares of Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a research report on Friday, February 14th. Finally, Hsbc Global Res raised Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $147.82.

Airbnb 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.