Robeco Institutional Asset Management B.V. Sells 345,915 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Robeco Institutional Asset Management B.V. reduced its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 26.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 965,511 shares of the company’s stock after selling 345,915 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.15% of Airbnb worth $126,878,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Ascent Group LLC purchased a new stake in shares of Airbnb during the second quarter worth about $211,000. Algert Global LLC purchased a new stake in shares of Airbnb during the second quarter worth about $374,000. NewEdge Advisors LLC boosted its holdings in shares of Airbnb by 4.9% during the second quarter. NewEdge Advisors LLC now owns 18,255 shares of the company’s stock worth $2,768,000 after purchasing an additional 845 shares during the period. EP Wealth Advisors LLC boosted its holdings in shares of Airbnb by 13.1% during the second quarter. EP Wealth Advisors LLC now owns 2,442 shares of the company’s stock worth $370,000 after purchasing an additional 282 shares during the period. Finally, Aristides Capital LLC boosted its holdings in shares of Airbnb by 11.2% during the second quarter. Aristides Capital LLC now owns 9,950 shares of the company’s stock worth $1,509,000 after purchasing an additional 1,000 shares during the period. 80.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ABNB shares. Truist Financial dropped their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a report on Wednesday, December 4th. Cantor Fitzgerald restated an “underweight” rating and issued a $94.00 price objective on shares of Airbnb in a report on Monday, October 7th. Benchmark restated a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a report on Friday, November 8th. Evercore ISI raised their price objective on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a report on Wednesday, January 15th. Finally, Jefferies Financial Group raised their price objective on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Six analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $139.63.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 500 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $136.01, for a total value of $68,005.00. Following the sale, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at $25,218,158.14. This represents a 0.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nathan Blecharczyk sold 9,603 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the sale, the insider now directly owns 164,850 shares in the company, valued at $21,466,767. This trade represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,157,308 shares of company stock worth $153,981,848. 27.83% of the stock is currently owned by corporate insiders.

Airbnb Stock Up 1.6 %

ABNB opened at $131.05 on Wednesday. The firm has a 50-day simple moving average of $133.90 and a two-hundred day simple moving average of $130.87. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $83.08 billion, a PE ratio of 45.98, a price-to-earnings-growth ratio of 1.80 and a beta of 1.13. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter in the prior year, the company posted $2.39 earnings per share. Analysts forecast that Airbnb, Inc. will post 3.98 earnings per share 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.