Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Platform Technology Partners

Platform Technology Partners reduced its stake in Airbnb, Inc. (NASDAQ:ABNB – Get Rating) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,202 shares of the company’s stock after selling 167 shares during the period. Platform Technology Partners’ holdings in Airbnb were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in ABNB. Vanguard Group Inc. lifted its stake in Airbnb by 10.2% during the third quarter. Vanguard Group Inc. now owns 22,260,539 shares of the company’s stock valued at $2,338,247,000 after purchasing an additional 2,062,575 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Airbnb by 29.9% during the third quarter. Renaissance Technologies LLC now owns 7,279,027 shares of the company’s stock valued at $764,589,000 after purchasing an additional 1,674,460 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in Airbnb by 4.2% during the third quarter. Artisan Partners Limited Partnership now owns 6,020,960 shares of the company’s stock valued at $632,442,000 after purchasing an additional 243,926 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Airbnb by 5.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 4,155,190 shares of the company’s stock valued at $370,144,000 after purchasing an additional 199,786 shares during the last quarter. Finally, Sands Capital Management LLC lifted its stake in Airbnb by 55.3% during the second quarter. Sands Capital Management LLC now owns 4,092,548 shares of the company’s stock valued at $364,564,000 after purchasing an additional 1,457,105 shares during the last quarter. 39.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 1,250,000 shares of Airbnb stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $124.06, for a total transaction of $155,075,000.00. Following the completion of the sale, the director now owns 8,250,102 shares in the company, valued at approximately $1,023,507,654.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CAO David C. Bernstein sold 12,382 shares of Airbnb stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $140.00, for a total transaction of $1,733,480.00. Following the completion of the sale, the chief accounting officer now owns 50,171 shares in the company, valued at approximately $7,023,940. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Joseph Gebbia sold 1,250,000 shares of Airbnb stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $124.06, for a total transaction of $155,075,000.00. Following the sale, the director now owns 8,250,102 shares of the company’s stock, valued at approximately $1,023,507,654.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,066,863 shares of company stock worth $256,807,889. 32.69% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ABNB. HSBC upped their price target on shares of Airbnb from $158.00 to $163.00 in a research report on Thursday, February 16th. Royal Bank of Canada upped their price target on shares of Airbnb from $110.00 to $135.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 15th. Barclays upped their price target on shares of Airbnb from $105.00 to $128.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 15th. Mizuho upped their price target on shares of Airbnb from $110.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, February 15th. Finally, Bank of America upped their price target on shares of Airbnb from $130.00 to $145.00 and gave the company a “neutral” rating in a research report on Wednesday, February 15th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $140.52.

Airbnb Stock Performance

NASDAQ:ABNB traded down $1.84 during midday trading on Friday, reaching $118.15. The stock had a trading volume of 5,513,629 shares, compared to its average volume of 6,530,147. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.86 and a quick ratio of 1.86. Airbnb, Inc. has a 1-year low of $81.91 and a 1-year high of $179.09. The firm’s fifty day simple moving average is $115.22 and its 200-day simple moving average is $107.52. The stock has a market capitalization of $75.68 billion, a P/E ratio of 42.20, a PEG ratio of 1.85 and a beta of 1.15.

Airbnb (NASDAQ:ABNB – Get Rating) last released its quarterly earnings data on Tuesday, February 14th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.21. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.86 billion. Airbnb had a net margin of 22.54% and a return on equity of 35.92%. The firm’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period last year, the firm earned $0.08 EPS. On average, equities research analysts forecast that Airbnb, Inc. will post 3.38 EPS for the current fiscal year.

About Airbnb

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Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.