Gulf International Bank UK Ltd Decreases Position in Airbnb, Inc. (NASDAQ:ABNB)

Gulf International Bank UK Ltd decreased its position in Airbnb, Inc. (NASDAQ:ABNB) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,431 shares of the company’s stock after selling 430 shares during the period. Gulf International Bank UK Ltd’s holdings in Airbnb were worth $4,787,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ABNB. Golden State Wealth Management LLC purchased a new position in shares of Airbnb during the 4th quarter valued at $25,000. Hollencrest Capital Management raised its stake in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the period. Berbice Capital Management LLC purchased a new stake in Airbnb during the fourth quarter valued at about $26,000. Ashton Thomas Securities LLC bought a new position in Airbnb during the third quarter worth about $30,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of Airbnb in the fourth quarter worth about $44,000. 80.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Airbnb news, CEO Brian Chesky sold 230,772 shares of the firm’s 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 sale, the chief executive officer now owns 12,000,913 shares of the company’s stock, valued at $1,934,067,139.08. This trade represents a 1.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 500 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $136.01, for a total transaction of $68,005.00. Following the completion of the transaction, the chief technology officer now owns 185,414 shares in the company, valued at $25,218,158.14. The trade was a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,091,314 shares of company stock valued at $295,773,256 in the last ninety days. Company insiders own 27.83% of the company’s stock.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of recent research reports. Bank of America upped their price target 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. JPMorgan Chase & Co. increased their target price on Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a report on Friday, February 14th. Piper Sandler boosted their price objective on Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Five analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $146.48.

Airbnb Price Performance

ABNB stock opened at $139.45 on Friday. The firm has a market cap of $87.93 billion, a P/E ratio of 33.77, a P/E/G ratio of 3.52 and a beta of 1.12. The firm’s fifty day moving average is $136.43 and its 200 day moving average is $131.63. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. 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 (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

About Airbnb

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.