Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lessened its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,336 shares of the company’s stock after selling 1,694 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Airbnb were worth $3,855,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC increased its stake in Airbnb by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company’s stock valued at $1,244,514,000 after buying an additional 72,991 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of Airbnb by 147.3% in the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock valued at $571,505,000 after acquiring an additional 2,590,475 shares in the last quarter. Northern Trust Corp increased its stake in shares of Airbnb by 8.4% during the fourth quarter. Northern Trust Corp now owns 4,296,835 shares of the company’s stock worth $564,647,000 after acquiring an additional 331,607 shares during the period. Renaissance Technologies LLC raised its holdings in Airbnb by 15.5% during the fourth quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company’s stock worth $548,683,000 after purchasing an additional 558,856 shares in the last quarter. Finally, Norges Bank acquired a new stake in Airbnb in the fourth quarter valued at about $433,374,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ABNB shares. Cantor Fitzgerald lowered their price objective on Airbnb from $101.00 to $100.00 and set an “underweight” rating on the stock in a report on Friday, May 2nd. Morgan Stanley lifted their price target on Airbnb from $125.00 to $130.00 and gave the company an “underweight” rating in a research note on Thursday, April 17th. Canaccord Genuity Group dropped their price objective on Airbnb from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Monday, April 28th. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research report on Friday, May 2nd. Finally, Gordon Haskett upgraded shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 target price on the stock in a research report on Friday, February 14th. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $141.43.

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 11,488 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $1,815,104.00. Following the completion of the transaction, the chief technology officer now directly owns 181,214 shares in the company, valued at approximately $28,631,812. The trade was a 5.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nathan Blecharczyk sold 183,078 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the transaction, the insider now directly owns 164,850 shares in the company, valued at approximately $26,046,300. This represents a 52.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,983,669 shares of company stock valued at $266,947,699 in the last ninety days. Insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

Airbnb stock opened at $138.05 on Wednesday. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The company has a market capitalization of $87.05 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 3.52 and a beta of 1.14. The stock has a fifty day moving average of $121.42 and a two-hundred day moving average of $131.21. 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 posted its quarterly earnings data on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The company had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the prior year, the business posted $0.41 EPS. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal 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.