Allspring Global Investments Holdings LLC Reduces Stake in Airbnb, Inc. (NASDAQ:ABNB)

Allspring Global Investments Holdings LLC lowered its position in Airbnb, Inc. (NASDAQ:ABNB) by 30.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,784 shares of the company’s stock after selling 9,316 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Airbnb were worth $2,864,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CAP Partners LLC boosted its stake 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 buying an additional 77 shares during the last quarter. Salvus Wealth Management LLC lifted its position in Airbnb by 2.5% during the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after purchasing an additional 84 shares in the last quarter. First Horizon Advisors Inc. lifted its position in Airbnb by 19.3% during the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock valued at $74,000 after purchasing an additional 94 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in Airbnb by 2.7% during the third quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock valued at $468,000 after purchasing an additional 97 shares in the last quarter. Finally, Y.D. More Investments Ltd lifted its position in Airbnb by 3.0% during the fourth quarter. Y.D. More Investments Ltd now owns 3,461 shares of the company’s stock valued at $455,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

Shares of ABNB stock opened at $146.07 on Friday. The business’s fifty day simple moving average is $135.45 and its 200-day simple moving average is $130.96. The company has a market cap of $92.60 billion, a PE ratio of 35.37, a PEG ratio of 3.81 and a beta of 1.12. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 183,078 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $158.00, for a total value of $28,926,324.00. Following the sale, the insider now directly owns 164,850 shares of the company’s stock, valued at approximately $26,046,300. This represents a 52.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total transaction of $89,705.00. Following the completion of the sale, the chief technology officer now directly owns 182,614 shares in the company, valued at approximately $23,401,984.10. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,950,540 shares of company stock valued at $275,598,944. 27.83% of the stock is owned by insiders.

Analyst Ratings Changes

ABNB has been the topic of several analyst reports. DA Davidson lifted their target price on Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. UBS Group lifted their target price on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Canaccord Genuity Group lifted their target price on Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Barclays lifted their target price on Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. raised their price target on Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $147.00.

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.