Airbnb, Inc. (NASDAQ:ABNB) Stake Lowered by Securian Asset Management Inc.

Securian Asset Management Inc. cut its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,264 shares of the company’s stock after selling 1,070 shares during the quarter. Securian Asset Management Inc.’s holdings in Airbnb were worth $3,057,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of Airbnb during the fourth quarter valued at approximately $25,000. Berbice Capital Management LLC acquired a new position in shares of Airbnb during the fourth quarter worth approximately $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Airbnb during the third quarter worth approximately $30,000. Whipplewood Advisors LLC acquired a new position in shares of Airbnb during the fourth quarter worth approximately $44,000. Finally, Cromwell Holdings LLC boosted its position in shares of Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after buying an additional 170 shares during the period. 80.76% of the stock is owned by institutional investors.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $126.55 on Thursday. The company’s fifty day moving average is $136.73 and its two-hundred day moving average is $132.89. 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 12-month low of $110.38 and a 12-month high of $170.10. The company has a market cap of $79.79 billion, a P/E ratio of 30.64, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10.

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

Insider Buying and Selling at Airbnb

In related news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $131.88, for a total transaction of $28,259,905.80. Following the completion of the sale, the director now directly owns 1,285,715 shares in the company, valued at approximately $169,560,094.20. This trade represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Chesky sold 38,461 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $133.58, for a total value of $5,137,620.38. Following the sale, the chief executive officer now owns 12,537,369 shares of the company’s stock, valued at approximately $1,674,741,751.02. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,054,509 shares of company stock valued at $290,940,989 in the last three months. 27.83% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group upgraded Airbnb from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $110.00 to $153.00 in a research report on Friday, February 14th. Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Argus upgraded Airbnb from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, Susquehanna boosted their price objective on Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a research report on Tuesday, February 18th. Five investment 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.com, the stock has an average rating of “Hold” and an average price target of $148.00.

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.