Banque Cantonale Vaudoise Sells 3,821 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Banque Cantonale Vaudoise reduced its holdings in shares of Airbnb, Inc. (NASDAQ:ABNBFree Report) by 25.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,392 shares of the company’s stock after selling 3,821 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Airbnb were worth $1,562,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Resurgent Financial Advisors LLC bought a new stake in shares of Airbnb in the second quarter valued at about $25,000. Quadrant Capital Group LLC increased its stake in Airbnb by 58.4% in the second quarter. Quadrant Capital Group LLC now owns 282 shares of the company’s stock valued at $36,000 after acquiring an additional 104 shares during the last quarter. Farmers & Merchants Investments Inc. bought a new stake in shares of Airbnb during the 3rd quarter worth $39,000. Institutional & Family Asset Management LLC lifted its holdings in shares of Airbnb by 36.9% in the second quarter. Institutional & Family Asset Management LLC now owns 323 shares of the company’s stock worth $41,000 after acquiring an additional 87 shares during the last quarter. Finally, Dark Forest Capital Management LP lifted its stake in Airbnb by 101.2% in the 1st quarter. Dark Forest Capital Management LP now owns 332 shares of the company’s stock valued at $41,000 after purchasing an additional 167 shares during the last quarter. Institutional investors own 44.19% of the company’s stock.

Insider Buying and Selling at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 17,445 shares of Airbnb stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $125.35, for a total transaction of $2,186,730.75. Following the completion of the transaction, the insider now owns 922,615 shares in the company, valued at approximately $115,649,790.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Airbnb news, CEO Brian Chesky sold 232,569 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $140.05, for a total value of $32,571,288.45. Following the transaction, the chief executive officer now owns 15,638,987 shares of the company’s stock, valued at $2,190,240,129.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Nathan Blecharczyk sold 17,445 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $125.35, for a total transaction of $2,186,730.75. Following the sale, the insider now owns 922,615 shares of the company’s stock, valued at approximately $115,649,790.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,506,731 shares of company stock valued at $208,680,320. Corporate insiders own 30.84% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on ABNB shares. Morgan Stanley lowered their price target on shares of Airbnb from $110.00 to $105.00 and set an “underweight” rating for the company in a report on Thursday, November 2nd. Jefferies Financial Group lowered Airbnb from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $155.00 to $140.00 in a research report on Wednesday, November 29th. BMO Capital Markets began coverage on Airbnb in a research report on Tuesday, January 9th. They issued a “market perform” rating and a $134.00 target price for the company. Mizuho boosted their price target on Airbnb from $130.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, January 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price objective on shares of Airbnb in a report on Monday, January 22nd. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $140.75.

Check Out Our Latest Stock Report on ABNB

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $146.55 on Monday. Airbnb, Inc. has a twelve month low of $103.55 and a twelve month high of $154.95. The stock’s 50 day moving average is $139.35 and its 200-day moving average is $134.40. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $95.03 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 2.12 and a beta of 1.23.

About Airbnb

(Free Report)

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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