Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI cut its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 59.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,055 shares of the company’s stock after selling 13,525 shares during the period. Citizens Financial Group Inc. RI’s holdings in Airbnb were worth $1,190,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ABNB. Pacer Advisors Inc. grew its holdings in shares of Airbnb by 6,085.6% during the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after buying an additional 4,172,985 shares during the last quarter. Meritage Group LP purchased a new stake in shares of Airbnb during the third quarter valued at $160,985,000. Principal Financial Group Inc. grew its holdings in shares of Airbnb by 174.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock valued at $245,268,000 after buying an additional 1,185,892 shares during the last quarter. Edgewood Management LLC grew its holdings in shares of Airbnb by 9.2% during the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after buying an additional 1,143,464 shares during the last quarter. Finally, Temasek Holdings Private Ltd grew its holdings in shares of Airbnb by 91.3% during the third quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock valued at $294,726,000 after buying an additional 1,109,076 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $161.05, for a total value of $112,735.00. Following the completion of the sale, the chief technology officer now owns 180,514 shares of the company’s stock, valued at $29,071,779.70. This represents a 0.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Brian Chesky sold 230,772 shares of the stock in a transaction that occurred on 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 directly owns 12,000,913 shares of the company’s stock, valued at approximately $1,934,067,139.08. This trade represents a 1.89 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,054,509 shares of company stock worth $290,940,989. Insiders own 27.83% of the company’s stock.

Airbnb Stock Up 0.9 %

ABNB stock opened at $126.55 on Thursday. The company has a market cap of $79.79 billion, a price-to-earnings ratio of 30.64, a PEG ratio of 3.52 and a beta of 1.10. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The firm has a 50-day moving average of $136.73 and a two-hundred day moving average of $132.89.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ABNB. Wells Fargo & Company dropped their price objective on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Hsbc Global Res raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Susquehanna upped their price target on shares of Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a report on Tuesday, February 18th. Jefferies Financial Group raised shares of Airbnb from a “hold” rating to a “buy” rating and upped their price target for the company from $165.00 to $185.00 in a report on Monday. Finally, Truist Financial lowered their price target on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $148.00.

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.