SC US Ttgp LTD. Cuts Holdings in Airbnb, Inc. (NASDAQ:ABNB)

SC US Ttgp LTD. trimmed its holdings in shares of Airbnb, Inc. (NASDAQ:ABNBFree Report) by 0.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 524,253 shares of the company’s stock after selling 5,015 shares during the period. Airbnb comprises 0.7% of SC US Ttgp LTD.’s investment portfolio, making the stock its 11th biggest holding. SC US Ttgp LTD. owned approximately 0.08% of Airbnb worth $71,933,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Clearbridge Investments LLC grew its holdings in Airbnb by 20.7% during the 2nd quarter. Clearbridge Investments LLC now owns 2,117,669 shares of the company’s stock valued at $271,400,000 after buying an additional 363,134 shares during the last quarter. LGT Group Foundation grew its position in Airbnb by 8.1% during the third quarter. LGT Group Foundation now owns 316,545 shares of the company’s stock valued at $43,227,000 after acquiring an additional 23,716 shares during the period. Vestor Capital LLC grew its position in Airbnb by 83.8% during the second quarter. Vestor Capital LLC now owns 86,548 shares of the company’s stock valued at $11,092,000 after acquiring an additional 39,452 shares during the period. California Public Employees Retirement System grew its position in Airbnb by 1.8% during the third quarter. California Public Employees Retirement System now owns 742,321 shares of the company’s stock valued at $101,854,000 after acquiring an additional 13,078 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Airbnb in the third quarter worth about $235,338,000. 44.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 72,976 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $167.00, for a total transaction of $12,186,992.00. Following the completion of the transaction, the chief technology officer now owns 145,531 shares of the company’s stock, valued at $24,303,677. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Airbnb news, insider Nathan Blecharczyk sold 60,000 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $143.35, for a total value of $8,601,000.00. Following the completion of the transaction, the insider now owns 653,762 shares in the company, valued at $93,716,782.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 72,976 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $167.00, for a total value of $12,186,992.00. Following the completion of the transaction, the chief technology officer now owns 145,531 shares of the company’s stock, valued at approximately $24,303,677. The disclosure for this sale can be found here. Insiders sold 1,257,541 shares of company stock valued at $180,055,012 in the last quarter. 30.84% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ABNB. UBS Group cut their price target on Airbnb from $148.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. Mizuho increased their price objective on Airbnb from $130.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, January 17th. DA Davidson lowered Airbnb from a “buy” rating to a “neutral” rating and set a $145.00 price objective for the company. in a report on Wednesday, February 14th. Susquehanna increased their price target on Airbnb from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Wednesday, February 14th. Finally, JPMorgan Chase & Co. increased their price target on Airbnb from $118.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Airbnb has a consensus rating of “Hold” and an average price target of $144.00.

Check Out Our Latest Analysis on ABNB

Airbnb Price Performance

Shares of ABNB opened at $166.67 on Wednesday. Airbnb, Inc. has a 12-month low of $103.55 and a 12-month high of $168.19. The business’s fifty day moving average is $148.14 and its 200 day moving average is $137.45. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. The stock has a market cap of $107.85 billion, a P/E ratio of 23.02, a P/E/G ratio of 2.10 and a beta of 1.25.

Airbnb (NASDAQ:ABNBGet Free Report) last announced its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. Sell-side analysts anticipate that Airbnb, Inc. will post 4.66 earnings per share for the current fiscal year.

About Airbnb

(Free Report)

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.

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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