Gulf International Bank UK Ltd Sells 430 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Gulf International Bank UK Ltd reduced its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,431 shares of the company’s stock after selling 430 shares during the period. Gulf International Bank UK Ltd’s holdings in Airbnb were worth $4,787,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ABNB. Golden State Wealth Management LLC acquired a new stake in Airbnb during the 4th quarter worth approximately $25,000. Berbice Capital Management LLC bought a new position in shares of Airbnb during the fourth quarter valued at $26,000. Hollencrest Capital Management lifted its holdings in shares of Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Airbnb in the third quarter worth $30,000. Finally, Whipplewood Advisors LLC acquired a new stake in Airbnb in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the topic of several recent research reports. HSBC raised Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Citigroup lifted their price objective on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Gordon Haskett upgraded Airbnb from a “sell” rating to a “hold” rating and set a $143.00 target price on the stock in a report on Friday, February 14th. UBS Group raised their price target on shares of Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Finally, Barclays upped their price objective on shares of Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a research note on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $146.48.

Airbnb Stock Performance

Shares of ABNB opened at $139.45 on Friday. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. 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 stock has a 50 day moving average price of $136.43 and a two-hundred day moving average price of $131.63. The firm has a market capitalization of $87.93 billion, a P/E ratio of 33.77, a P/E/G ratio of 3.52 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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 forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $141.93, for a total value of $30,413,470.05. Following the transaction, the director now owns 428,575 shares of the company’s stock, valued at approximately $60,827,649.75. The trade was a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 500 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total value of $68,005.00. Following the completion of the transaction, the chief technology officer now owns 185,414 shares of the company’s stock, valued at $25,218,158.14. This trade represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,091,314 shares of company stock valued at $295,773,256. Corporate insiders own 27.83% of the company’s stock.

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.