United Capital Financial Advisors LLC Has $2.31 Million Holdings in Airbnb, Inc. (NASDAQ:ABNB)

United Capital Financial Advisors LLC decreased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 24.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,573 shares of the company’s stock after selling 5,569 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Airbnb were worth $2,309,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in Airbnb during the 4th quarter valued at about $433,374,000. Clearbridge Investments LLC grew its position in Airbnb by 147.3% during the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock worth $571,505,000 after acquiring an additional 2,590,475 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Airbnb by 174.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock valued at $245,268,000 after purchasing an additional 1,185,892 shares in the last quarter. Parnassus Investments LLC boosted its stake in Airbnb by 8,324.9% in the fourth quarter. Parnassus Investments LLC now owns 655,539 shares of the company’s stock worth $86,144,000 after purchasing an additional 647,758 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Airbnb by 15.5% during the fourth quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company’s stock worth $548,683,000 after purchasing an additional 558,856 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Brian Chesky sold 230,772 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 12,000,913 shares of the company’s stock, valued at $1,934,067,139.08. This represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $114.68, for a total transaction of $80,276.00. Following the completion of the transaction, the chief technology officer now owns 222,822 shares of the company’s stock, valued at $25,553,226.96. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,037,307 shares of company stock valued at $280,842,374. 27.83% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ABNB. Jefferies Financial Group raised shares of Airbnb from a “hold” rating to a “buy” rating and increased their price objective for the stock from $165.00 to $185.00 in a report on Monday, March 10th. Argus raised Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. lowered their price objective on Airbnb from $160.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Finally, Robert W. Baird reduced their target price on shares of Airbnb from $175.00 to $160.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 25th. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Airbnb currently has an average rating of “Hold” and an average price target of $146.94.

Airbnb Trading Up 0.1 %

Shares of ABNB stock opened at $112.70 on Friday. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $166.74. The firm has a 50 day moving average price of $129.62 and a two-hundred day moving average price of $132.40. 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 company has a market capitalization of $71.06 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last released its quarterly 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 return on equity of 32.29% and a net margin of 23.85%. As a group, analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

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.