Vanguard Group Inc. Has $4.84 Billion Stake in Airbnb, Inc. (NASDAQ:ABNB)

Vanguard Group Inc. trimmed its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 0.0% during the 4th quarter, HoldingsChannel reports. The firm owned 36,858,509 shares of the company’s stock after selling 12,187 shares during the quarter. Vanguard Group Inc. owned 0.06% of Airbnb worth $4,843,577,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ABNB. Golden State Wealth Management LLC purchased a new position in shares of Airbnb during the fourth quarter valued at $25,000. Berbice Capital Management LLC acquired a new stake in Airbnb during the 4th quarter worth about $26,000. Whipplewood Advisors LLC acquired a new position in shares of Airbnb in the 4th quarter valued at about $44,000. Cromwell Holdings LLC lifted its position in shares of Airbnb by 82.5% in the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after purchasing an additional 170 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Airbnb during the third quarter worth approximately $55,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $126.00, for a total value of $88,200.00. Following the sale, the chief technology officer now owns 171,419 shares of the company’s stock, valued at $21,598,794. The trade was a 0.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $126.60, for a total transaction of $4,869,162.60. Following the sale, the chief executive officer now owns 11,770,144 shares in the company, valued at approximately $1,490,100,230.40. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,055,909 shares of company stock worth $289,763,290. 27.83% of the stock is owned by corporate insiders.

Airbnb Stock Performance

NASDAQ:ABNB opened at $129.82 on Tuesday. The firm’s 50-day moving average is $135.74 and its 200-day moving average is $133.53. The company has a market cap of $81.86 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 3.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.00.

Airbnb (NASDAQ:ABNB) last issued 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%. Equities research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Bank of America upped their price objective on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Benchmark increased their price objective on Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Barclays boosted their target price on Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a research note on Friday, February 14th. Gordon Haskett raised Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price target for the company in a research note on Friday, February 14th. Finally, Morgan Stanley boosted their price target on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $147.82.

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.