Trust Co. of Vermont Sells 905 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Trust Co. of Vermont decreased its position in Airbnb, Inc. (NASDAQ:ABNB) by 21.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,386 shares of the company’s stock after selling 905 shares during the period. Trust Co. of Vermont’s holdings in Airbnb were worth $445,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in ABNB. Dimensional Fund Advisors LP grew its holdings in Airbnb by 13.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 788,487 shares of the company’s stock worth $119,558,000 after acquiring an additional 90,788 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Airbnb by 13.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,197 shares of the company’s stock valued at $788,000 after purchasing an additional 608 shares during the period. Canada Pension Plan Investment Board raised its position in Airbnb by 104.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 189,428 shares of the company’s stock valued at $28,723,000 after purchasing an additional 96,832 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in Airbnb by 3.8% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 91,207 shares of the company’s stock worth $13,830,000 after buying an additional 3,307 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in shares of Airbnb by 11.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 19,729 shares of the company’s stock worth $2,992,000 after buying an additional 1,969 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Insiders Place Their Bets

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $128.95, for a total transaction of $27,632,050.75. Following the completion of the sale, the director now directly owns 1,071,430 shares in the company, valued at $138,160,898.50. The trade was a 16.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brian Chesky sold 76,923 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the sale, the chief executive officer now directly owns 12,616,300 shares of the company’s stock, valued at $1,765,525,022. The trade was a 0.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,130,982 shares of company stock valued at $150,523,585. Company insiders own 27.83% of the company’s stock.

Airbnb Trading Up 2.2 %

Shares of NASDAQ:ABNB opened at $135.12 on Friday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The stock’s fifty day moving average price is $134.16 and its 200-day moving average price is $132.11. The company has a market cap of $85.66 billion, a P/E ratio of 47.41, a PEG ratio of 1.63 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the previous year, the business earned $2.39 EPS. Sell-side analysts expect that Airbnb, Inc. will post 3.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Jefferies Financial Group upped their price objective on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Wells Fargo & Company cut their target price on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research note on Thursday. Piper Sandler increased their price target on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Raymond James began coverage on Airbnb in a research report on Friday, September 27th. They set a “market perform” rating and a $134.00 price objective on the stock. Six investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $139.63.

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.