TD Private Client Wealth LLC Sells 620 Shares of Airbnb, Inc. (NASDAQ:ABNB)

TD Private Client Wealth LLC trimmed its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 6.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,503 shares of the company’s stock after selling 620 shares during the period. TD Private Client Wealth LLC’s holdings in Airbnb were worth $1,117,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ABNB. Geode Capital Management LLC boosted its holdings in Airbnb by 1.6% in the third quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock worth $1,189,635,000 after purchasing an additional 146,761 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Airbnb by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,790,644 shares of the company’s stock worth $366,719,000 after acquiring an additional 84,348 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Airbnb by 3.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,360,004 shares of the company’s stock valued at $299,272,000 after acquiring an additional 80,610 shares during the last quarter. Temasek Holdings Private Ltd raised its stake in shares of Airbnb by 91.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock valued at $294,726,000 after acquiring an additional 1,109,076 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Airbnb by 174.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock worth $245,268,000 after purchasing an additional 1,185,892 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ABNB shares. Robert W. Baird upgraded shares of Airbnb from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $140.00 to $175.00 in a research note on Friday, February 14th. Baird R W raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Susquehanna raised their price target on Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a research report on Tuesday, February 18th. Truist Financial cut their price objective on Airbnb from $123.00 to $112.00 and set a “hold” rating for the company in a research report on Friday. Finally, Wells Fargo & Company dropped their price target on Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Airbnb currently has an average rating of “Hold” and a consensus target price of $147.82.

Insider Buying and Selling at Airbnb

In related news, CEO Brian Chesky sold 230,772 shares of the firm’s stock in a transaction that occurred 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $137.00, for a total value of $856,250.00. Following the transaction, the chief financial officer now directly owns 491,238 shares in the company, valued at approximately $67,299,606. This represents a 1.26 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,055,909 shares of company stock worth $289,763,290. 27.83% of the stock is currently owned by corporate insiders.

Airbnb Stock Up 2.1 %

Shares of ABNB opened at $128.80 on Monday. The company has a market capitalization of $81.21 billion, a P/E ratio of 31.19, a PEG ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.00. The business’s 50 day simple moving average is $135.72 and its 200-day simple moving average is $133.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping 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%. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

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.