Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by National Bank of Canada FI

National Bank of Canada FI trimmed its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 34.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 235,017 shares of the company’s stock after selling 124,783 shares during the quarter. National Bank of Canada FI’s holdings in Airbnb were worth $30,884,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Golden State Wealth Management LLC acquired a new position in shares of Airbnb during the 4th quarter valued at $25,000. Berbice Capital Management LLC acquired a new position in shares of Airbnb during the fourth quarter worth about $26,000. Graney & King LLC purchased a new stake in shares of Airbnb in the fourth quarter worth about $32,000. Whipplewood Advisors LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at about $44,000. Finally, Cromwell Holdings LLC raised its holdings in shares of Airbnb by 82.5% during the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after buying an additional 170 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $135.35, for a total transaction of $94,745.00. Following the sale, the chief technology officer now owns 184,714 shares of the company’s stock, valued at $25,001,039.90. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Chesky sold 230,772 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $161.16, for a total value of $37,191,215.52. Following the transaction, the chief executive officer now directly owns 12,000,913 shares of the company’s stock, valued at approximately $1,934,067,139.08. The trade was a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,250,894 shares of company stock worth $314,940,768 over the last ninety days. 27.83% of the stock is currently owned by corporate insiders.

Airbnb Price Performance

NASDAQ ABNB opened at $122.80 on Thursday. The company has a 50-day moving average price of $134.55 and a two-hundred day moving average price of $133.79. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $166.74. The stock has a market cap of $77.43 billion, a price-to-earnings ratio of 29.73, a price-to-earnings-growth 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 (NASDAQ:ABNB) last posted its earnings results on Thursday, February 13th. The company reported $0.73 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%. Analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research note on Friday, February 14th. Argus upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Canaccord Genuity Group raised their target price on Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 14th. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research note on Friday, February 14th. Finally, Evercore ISI lifted their price objective on Airbnb to $155.00 and gave the stock a “hold” rating in a report on Wednesday, January 15th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $147.36.

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.