Blair William & Co. IL Has $19.96 Million Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Blair William & Co. IL lessened its position in Airbnb, Inc. (NASDAQ:ABNB) by 11.5% in the 4th quarter, Holdings Channel reports. The fund owned 151,895 shares of the company’s stock after selling 19,749 shares during the period. Blair William & Co. IL’s holdings in Airbnb were worth $19,961,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meritage Group LP acquired a new position in shares of Airbnb in the 3rd quarter valued at about $160,985,000. Principal Financial Group Inc. increased its stake in Airbnb by 174.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock valued at $245,268,000 after buying an additional 1,185,892 shares during the period. Temasek Holdings Private Ltd lifted its position in Airbnb by 91.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock worth $294,726,000 after buying an additional 1,109,076 shares in the last quarter. Parnassus Investments LLC boosted its stake in shares of Airbnb by 8,324.9% during the 4th quarter. Parnassus Investments LLC now owns 655,539 shares of the company’s stock valued at $86,144,000 after buying an additional 647,758 shares during the period. Finally, Trivest Advisors Ltd grew its holdings in shares of 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 acquiring an additional 491,500 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $126.00, for a total transaction of $88,200.00. Following the completion of the transaction, the chief technology officer now directly owns 171,419 shares in the company, valued at $21,598,794. This represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nathan Blecharczyk sold 183,078 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the completion of the sale, the insider now owns 164,850 shares in the company, valued at $26,046,300. This represents a 52.62 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,270,894 shares of company stock valued at $317,578,168. Corporate insiders own 27.83% of the company’s stock.

Airbnb Stock Down 3.9 %

Shares of ABNB stock opened at $120.69 on Friday. The stock has a market cap of $76.10 billion, a P/E ratio of 29.22, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a fifty day moving average price of $135.29 and a 200 day moving average price of $133.58. Airbnb, Inc. has a one year low of $110.38 and a one year high of $166.74.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share 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%. Analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analyst Weigh In

ABNB has been the subject of several recent research reports. Wells Fargo & Company cut their price objective on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. UBS Group lifted their price target on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, February 14th. JMP Securities restated a “market perform” rating on shares of Airbnb in a report on Friday, February 14th. The Goldman Sachs Group upgraded shares of Airbnb from a “sell” rating to a “neutral” rating and lifted their target price for the company from $110.00 to $153.00 in a research note on Friday, February 14th. Finally, Morgan Stanley increased their price target on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. Five analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average target price of $147.36.

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.