Schroder Investment Management Group Sells 4,142,019 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Schroder Investment Management Group cut its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 93.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 285,735 shares of the company’s stock after selling 4,142,019 shares during the quarter. Schroder Investment Management Group’s holdings in Airbnb were worth $37,663,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. CAP Partners LLC boosted its position in shares of Airbnb by 3.6% in the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock worth $293,000 after purchasing an additional 77 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in Airbnb by 1.4% during the fourth quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock worth $728,000 after buying an additional 78 shares during the last quarter. Manchester Capital Management LLC grew its position in shares of Airbnb by 18.2% during the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock worth $69,000 after buying an additional 81 shares during the period. Salvus Wealth Management LLC increased its stake in shares of Airbnb by 2.5% in the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after acquiring an additional 84 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its position in shares of Airbnb by 2.3% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 4,285 shares of the company’s stock valued at $565,000 after acquiring an additional 95 shares during the period. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $121.18 on Wednesday. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $166.74. The stock has a 50 day moving average of $134.74 and a 200-day moving average of $133.87. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $76.41 billion, a P/E ratio of 29.34, a P/E/G ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, equities research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 38,461 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $135.82, for a total value of $5,223,773.02. Following the transaction, the chief executive officer now directly owns 12,498,908 shares of the company’s stock, valued at $1,697,601,684.56. This represents a 0.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $129.38, for a total value of $27,724,193.30. Following the transaction, the director now owns 2,509,155 shares in the company, valued at $324,634,473.90. The trade was a 7.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,270,894 shares of company stock valued at $317,578,168 in the last three months. 27.83% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on ABNB. Hsbc Global Res raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Truist Financial lowered their price objective on shares of Airbnb from $123.00 to $112.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Baird R W upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Argus upgraded Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Susquehanna lifted their price objective on Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a report on Tuesday, February 18th. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $147.36.

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.