Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 38.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,195,765 shares of the company’s stock after selling 732,462 shares during the period. Robeco Institutional Asset Management B.V. owned 0.18% of Airbnb worth $1,764,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. CVA Family Office LLC purchased a new stake in Airbnb in the fourth quarter valued at approximately $26,000. Orion Capital Management LLC purchased a new stake in shares of Airbnb during the 3rd quarter valued at $27,000. Bfsg LLC acquired a new stake in shares of Airbnb during the 4th quarter worth $27,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Airbnb in the 4th quarter worth $30,000. Finally, Financial Management Professionals Inc. raised its position in shares of Airbnb by 518.4% in the 4th quarter. Financial Management Professionals Inc. now owns 303 shares of the company’s stock worth $41,000 after buying an additional 254 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Trading Down 1.0 %

Shares of NASDAQ ABNB opened at $142.71 on Thursday. The stock has a market capitalization of $91.91 billion, a P/E ratio of 19.10, a PEG ratio of 1.80 and a beta of 1.24. The stock’s 50 day moving average price is $158.48 and its two-hundred day moving average price is $147.44. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.25. Airbnb, Inc. has a 52-week low of $103.74 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.18. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.06 billion. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The business’s revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 EPS. On average, analysts anticipate that Airbnb, Inc. will post 4.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on ABNB shares. JPMorgan Chase & Co. upped their price target on Airbnb from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Thursday, May 9th. BMO Capital Markets increased their target price on shares of Airbnb from $135.00 to $151.00 and gave the stock a “market perform” rating in a research report on Thursday, May 9th. Benchmark started coverage on shares of Airbnb in a research report on Thursday, April 11th. They set a “buy” rating and a $190.00 price target on the stock. Wedbush reiterated a “neutral” rating and set a $160.00 price objective on shares of Airbnb in a research note on Thursday, May 9th. Finally, Bank of America raised their target price on shares of Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Airbnb has an average rating of “Hold” and an average target price of $152.13.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $145.71, for a total transaction of $87,426.00. Following the sale, the chief technology officer now owns 212,374 shares in the company, valued at $30,945,015.54. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $145.71, for a total transaction of $87,426.00. Following the completion of the transaction, the chief technology officer now owns 212,374 shares in the company, valued at approximately $30,945,015.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 75,500 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $155.31, for a total value of $11,725,905.00. Following the completion of the sale, the chief technology officer now directly owns 146,131 shares in the company, valued at $22,695,605.61. The disclosure for this sale can be found here. In the last three months, insiders sold 313,324 shares of company stock valued at $51,386,281. Company insiders own 27.83% of the company’s stock.

About Airbnb

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.