Edmond DE Rothschild Holding S.A. Decreases Position in Airbnb, Inc. (NASDAQ:ABNB)

Edmond DE Rothschild Holding S.A. decreased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 98.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,732 shares of the company’s stock after selling 758,705 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Airbnb were worth $1,673,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ABNB. Golden State Wealth Management LLC purchased a new position in Airbnb in the 4th quarter worth about $25,000. Berbice Capital Management LLC purchased a new stake in shares of Airbnb during the 4th quarter valued at about $26,000. Graney & King LLC bought a new stake in shares of Airbnb in the fourth quarter worth approximately $32,000. Whipplewood Advisors LLC purchased a new position in shares of Airbnb during the fourth quarter valued at approximately $44,000. Finally, Cromwell Holdings LLC lifted its position in Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after purchasing an additional 170 shares during the period. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $121.18 on Wednesday. The firm has a fifty day simple moving average of $134.74 and a two-hundred day simple moving average of $133.87. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $76.41 billion, a P/E ratio of 29.34, a PEG ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $166.74.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share 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%. On average, analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the completion of the transaction, the chief executive officer now directly owns 12,000,913 shares of the company’s stock, valued at approximately $1,934,067,139.08. The trade was a 1.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $135.35, for a total transaction of $94,745.00. Following the completion of the sale, the chief technology officer now directly owns 184,714 shares of the company’s stock, valued at approximately $25,001,039.90. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,270,894 shares of company stock valued at $317,578,168. 27.83% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ABNB. Bank of America lifted their target price on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group upgraded Airbnb from a “sell” rating to a “neutral” rating and upped their price objective for the company from $110.00 to $153.00 in a research report on Friday, February 14th. Jefferies Financial Group raised Airbnb from a “hold” rating to a “buy” rating and raised their target price for the stock from $165.00 to $185.00 in a research report on Monday, March 10th. UBS Group upped their price target on shares of Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Finally, Argus raised shares of Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $147.36.

Airbnb Company 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.