Capital International Inc. CA Decreases Position in Airbnb, Inc. (NASDAQ:ABNB)

Capital International Inc. CA reduced its stake in Airbnb, Inc. (NASDAQ:ABNB) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,423 shares of the company’s stock after selling 1,750 shares during the period. Capital International Inc. CA’s holdings in Airbnb were worth $8,991,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ABNB. Dimensional Fund Advisors LP grew its position in shares of Airbnb by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 812,476 shares of the company’s stock worth $106,769,000 after buying an additional 17,620 shares in the last quarter. Capital International Ltd. CA increased its position in shares of Airbnb by 2.0% in the 4th quarter. Capital International Ltd. CA now owns 81,847 shares of the company’s stock valued at $10,756,000 after purchasing an additional 1,573 shares during the last quarter. Capital Group Investment Management PTE. LTD. raised its holdings in shares of Airbnb by 2.1% in the 4th quarter. Capital Group Investment Management PTE. LTD. now owns 17,533 shares of the company’s stock valued at $2,304,000 after purchasing an additional 369 shares in the last quarter. Capital International Sarl lifted its position in shares of Airbnb by 7.0% during the 4th quarter. Capital International Sarl now owns 117,260 shares of the company’s stock worth $15,409,000 after purchasing an additional 7,646 shares during the last quarter. Finally, Altshuler Shaham Ltd grew its stake in shares of Airbnb by 12.9% during the fourth quarter. Altshuler Shaham Ltd now owns 16,151 shares of the company’s stock worth $2,122,000 after purchasing an additional 1,844 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ABNB has been the subject of a number of recent analyst reports. Morgan Stanley lifted their price target on Airbnb from $125.00 to $130.00 and gave the stock an “underweight” rating in a report on Thursday. Baird R W upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Argus raised shares of Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Truist Financial lowered their target price on shares of Airbnb from $123.00 to $112.00 and set a “hold” rating for the company in a report on Friday, March 21st. Finally, Cantor Fitzgerald reduced their price target on shares of Airbnb from $130.00 to $101.00 and set an “underweight” rating for the company in a research report on Wednesday. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $146.94.

Airbnb Price Performance

ABNB stock opened at $112.70 on Friday. The firm has a 50 day moving average of $129.19 and a 200-day moving average of $132.35. The company has a market cap of $71.06 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 3.52 and a beta of 1.15. 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, Inc. has a 12-month low of $99.88 and a 12-month high of $166.74.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping 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%. As a group, equities analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Buying and Selling at Airbnb

In other news, CEO Brian Chesky sold 230,772 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the completion of the transaction, the chief executive officer now directly owns 12,000,913 shares of the company’s stock, valued at $1,934,067,139.08. This trade represents a 1.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Elinor Mertz sold 6,250 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $129.58, for a total value of $809,875.00. Following the completion of the sale, the chief financial officer now directly owns 484,988 shares in the company, valued at approximately $62,844,745.04. The trade was a 1.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,037,307 shares of company stock worth $280,842,374. 27.83% of the stock is 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.