Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Clarius Group LLC

Clarius Group LLC raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 39.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,352 shares of the company’s stock after purchasing an additional 660 shares during the quarter. Clarius Group LLC’s holdings in Airbnb were worth $309,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Edgewood Management LLC increased its holdings in shares of Airbnb by 9.2% during the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after purchasing an additional 1,143,464 shares during the period. Geode Capital Management LLC raised its stake in shares of Airbnb by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock worth $1,189,635,000 after buying an additional 146,761 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Airbnb by 6,085.6% during the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after buying an additional 4,172,985 shares in the last quarter. Legal & General Group Plc grew its holdings in Airbnb by 4.7% during the second quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock worth $519,044,000 after acquiring an additional 153,784 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Airbnb by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock worth $343,185,000 after acquiring an additional 52,358 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

ABNB has been the topic of several recent research reports. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a research note on Monday, December 16th. DA Davidson raised their price objective on Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research note on Monday, November 18th. Barclays lifted their price target on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Wedbush raised their target price on shares of Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Piper Sandler lifted their target price on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Six analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $139.63.

Insider Activity

In other news, Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the completion of the transaction, the director now owns 10,321 shares of the company’s stock, valued at approximately $1,352,876.68. This represents a 95.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 500 shares of Airbnb stock in a transaction dated Monday, December 2nd. The stock was 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 in the company, valued at approximately $25,218,158.14. This trade represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,130,982 shares of company stock valued at $150,523,585. 27.83% of the stock is owned by company insiders.

Airbnb Stock Up 2.2 %

Airbnb stock opened at $135.12 on Monday. The firm has a market cap of $85.66 billion, a price-to-earnings ratio of 47.41, a P/E/G ratio of 1.63 and a beta of 1.13. The firm has a fifty day moving average price of $134.16 and a two-hundred day moving average price of $131.95. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share 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 the consensus estimate 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 previous year, the company earned $2.39 EPS. As a group, analysts forecast that Airbnb, Inc. will post 3.99 earnings per share for the current year.

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.