Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lowered its position in Airbnb, Inc. (NASDAQ:ABNB) by 21.9% in the fourth quarter, HoldingsChannel reports. The firm owned 32,659 shares of the company’s stock after selling 9,180 shares during the period. UniSuper Management Pty Ltd’s holdings in Airbnb were worth $4,292,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ABNB. Meritage Group LP purchased a new stake in shares of Airbnb in the 3rd quarter valued at approximately $160,985,000. Principal Financial Group Inc. lifted its holdings in Airbnb by 174.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock valued at $245,268,000 after acquiring an additional 1,185,892 shares during the last quarter. Temasek Holdings Private Ltd grew its position in Airbnb by 91.3% in the third quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock worth $294,726,000 after acquiring an additional 1,109,076 shares during the period. Parnassus Investments LLC increased its stake in Airbnb by 8,324.9% during the fourth quarter. Parnassus Investments LLC now owns 655,539 shares of the company’s stock worth $86,144,000 after acquiring an additional 647,758 shares during the last quarter. Finally, Trivest Advisors Ltd raised its position in Airbnb by 137.3% in the fourth 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 period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Stock Performance

Shares of ABNB stock opened at $120.69 on Friday. The stock’s 50-day moving average price is $135.29 and its 200 day moving average price is $133.58. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $76.10 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $166.74.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, equities research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ABNB shares. Morgan Stanley increased their price target on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Argus raised shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. B. Riley lifted their price target on shares of Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Truist Financial decreased their price objective on shares of Airbnb from $123.00 to $112.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Finally, Jefferies Financial Group upgraded shares of Airbnb from a “hold” rating to a “buy” rating and lifted their target price for the company from $165.00 to $185.00 in a report on Monday, March 10th. Five 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $147.36.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $126.00, for a total value of $88,200.00. Following the completion of the sale, the chief technology officer now owns 171,419 shares in the company, valued at $21,598,794. This trade represents a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nathan Blecharczyk sold 183,078 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the transaction, the insider now owns 164,850 shares in the company, valued at $26,046,300. The trade was a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,270,894 shares of company stock valued at $317,578,168. Corporate insiders own 27.83% of the company’s stock.

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.