Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC boosted its position in Airbnb, Inc. (NASDAQ:ABNB) by 8.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 17,626 shares of the company’s stock after acquiring an additional 1,397 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Airbnb were worth $2,400,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D lifted its position in Airbnb by 2.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 242,863 shares of the company’s stock valued at $33,063,000 after purchasing an additional 5,396 shares during the period. Stevens Capital Management LP acquired a new stake in shares of Airbnb during the 4th quarter valued at approximately $726,000. Syon Capital LLC acquired a new stake in shares of Airbnb during the 4th quarter valued at approximately $602,000. Pittenger & Anderson Inc. lifted its position in shares of Airbnb by 801.8% during the 4th quarter. Pittenger & Anderson Inc. now owns 2,570 shares of the company’s stock valued at $350,000 after acquiring an additional 2,285 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Airbnb by 10.7% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,750 shares of the company’s stock valued at $1,464,000 after acquiring an additional 1,043 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Trading Up 0.7 %

Shares of ABNB stock traded up $1.22 on Friday, reaching $164.23. 2,820,919 shares of the stock were exchanged, compared to its average volume of 4,522,737. The stock has a market cap of $106.27 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 2.08 and a beta of 1.25. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $160.44 and a two-hundred day moving average of $143.42. Airbnb, Inc. has a 1-year low of $103.55 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. On average, research analysts anticipate that Airbnb, Inc. will post 4.65 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ABNB shares. Piper Sandler lifted their price target on shares of Airbnb from $136.00 to $145.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. BMO Capital Markets lifted their price target on shares of Airbnb from $134.00 to $135.00 and gave the company a “market perform” rating in a research report on Wednesday, February 14th. UBS Group cut their price objective on Airbnb from $148.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Wells Fargo & Company upped their target price on Airbnb from $107.00 to $127.00 and gave the company an “underweight” rating in a research note on Monday, April 1st. Finally, JPMorgan Chase & Co. upped their target price on Airbnb from $118.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and a consensus target price of $149.19.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 75,500 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $155.31, for a total value of $11,725,905.00. Following the completion of the sale, the chief technology officer now directly owns 146,131 shares in the company, valued at approximately $22,695,605.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Airbnb news, insider Nathan Blecharczyk sold 60,000 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $146.58, for a total value of $8,794,800.00. Following the completion of the transaction, the insider now directly owns 473,762 shares of the company’s stock, valued at approximately $69,444,033.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 75,500 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $155.31, for a total transaction of $11,725,905.00. Following the completion of the transaction, the chief technology officer now directly owns 146,131 shares of the company’s stock, valued at $22,695,605.61. The disclosure for this sale can be found here. In the last three months, insiders sold 456,274 shares of company stock worth $72,410,859. Corporate insiders own 30.84% of the company’s stock.

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.