Trinity Street Asset Management LLP Purchases 20,384 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Trinity Street Asset Management LLP lifted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 12.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 187,762 shares of the company’s stock after acquiring an additional 20,384 shares during the quarter. Airbnb comprises about 2.4% of Trinity Street Asset Management LLP’s investment portfolio, making the stock its 9th largest position. Trinity Street Asset Management LLP’s holdings in Airbnb were worth $24,674,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of ABNB. Edgewood Management LLC grew its position in 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 in the last quarter. Geode Capital Management LLC boosted its stake in shares of Airbnb by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock valued at $1,189,635,000 after buying an additional 146,761 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Airbnb by 6,085.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after acquiring an additional 4,172,985 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Airbnb by 4.7% in 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 last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Airbnb by 2.0% during 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. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on ABNB. Evercore ISI boosted their target price on Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday. TD Cowen lifted their target price on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Truist Financial decreased their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. DA Davidson raised their price target on shares of Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Finally, UBS Group upped their price objective on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Six analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $139.63.

Insider Buying and Selling

In other news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $129.82, for a total value of $90,874.00. Following the completion of the transaction, the chief technology officer now directly owns 184,014 shares of the company’s stock, valued at approximately $23,888,697.48. This represents a 0.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $128.95, for a total value of $27,632,050.75. Following the completion of the sale, the director now directly owns 1,071,430 shares in the company, valued at approximately $138,160,898.50. This represents a 16.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,130,982 shares of company stock valued at $150,523,585 over the last ninety days. 27.83% of the stock is owned by company insiders.

Airbnb Stock Up 2.2 %

NASDAQ ABNB opened at $135.12 on Friday. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The stock has a market cap of $85.66 billion, a PE ratio of 47.41, a PEG ratio of 1.63 and a beta of 1.13. The firm has a 50-day simple moving average of $134.15 and a 200 day simple moving average of $132.22. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter in the prior year, the business posted $2.39 EPS. On average, research analysts forecast that Airbnb, Inc. will post 3.99 EPS for the current year.

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.