Parkside Financial Bank & Trust Sells 419 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Parkside Financial Bank & Trust decreased its position in Airbnb, Inc. (NASDAQ:ABNB) by 55.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 340 shares of the company’s stock after selling 419 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Airbnb were worth $46,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ABNB. Vanguard Group Inc. grew its stake in shares of Airbnb by 43.0% in the third quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock worth $4,697,896,000 after acquiring an additional 10,301,746 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Airbnb in the third quarter worth $235,338,000. Northern Trust Corp grew its stake in shares of Airbnb by 41.3% in the third quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock worth $598,745,000 after acquiring an additional 1,276,456 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Airbnb by 69.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,301,395 shares of the company’s stock worth $315,774,000 after acquiring an additional 943,520 shares during the last quarter. Finally, Alphinity Investment Management Pty Ltd grew its stake in shares of Airbnb by 48.3% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 2,496,885 shares of the company’s stock worth $339,926,000 after acquiring an additional 813,074 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on ABNB shares. Piper Sandler increased their price objective on Airbnb from $136.00 to $145.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. B. Riley Financial started coverage on Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price objective on the stock. BMO Capital Markets increased their price objective on Airbnb from $134.00 to $135.00 and gave the company a “market perform” rating in a research report on Wednesday, February 14th. Wells Fargo & Company increased their price objective on Airbnb from $107.00 to $127.00 and gave the company an “underweight” rating in a research report on Monday, April 1st. Finally, JPMorgan Chase & Co. increased their price objective on Airbnb from $118.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $149.19.

Airbnb Stock Up 0.7 %

Shares of ABNB opened at $164.23 on Friday. The business’s 50 day moving average is $160.44 and its 200 day moving average is $143.42. The company has a market capitalization of $106.27 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 2.08 and a beta of 1.25. Airbnb, Inc. has a 12-month low of $103.55 and a 12-month high of $170.10. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last issued 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. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. Research analysts expect that Airbnb, Inc. will post 4.65 earnings per share for the current fiscal year.

Insider Activity at Airbnb

In related news, insider Nathan Blecharczyk sold 60,000 shares of Airbnb stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $146.58, for a total transaction of $8,794,800.00. Following the sale, the insider now owns 473,762 shares of the company’s stock, valued at approximately $69,444,033.96. The sale was disclosed in a 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 firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $146.58, for a total transaction of $8,794,800.00. Following the completion of the transaction, the insider now owns 473,762 shares in the company, valued at approximately $69,444,033.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian Chesky sold 76,912 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $147.79, for a total value of $11,366,824.48. Following the transaction, the chief executive officer now owns 14,545,529 shares of the company’s stock, valued at approximately $2,149,683,730.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 456,274 shares of company stock valued at $72,410,859. 30.84% of the stock is owned by company insiders.

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.