Polymer Capital Management US LLC Buys Shares of 3,054 Airbnb, Inc. (NASDAQ:ABNB)

Polymer Capital Management US LLC purchased a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,054 shares of the company's stock, valued at approximately $401,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in Airbnb by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company's stock worth $1,244,514,000 after purchasing an additional 72,991 shares during the period. Clearbridge Investments LLC raised its stake in shares of Airbnb by 147.3% in the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock worth $571,505,000 after buying an additional 2,590,475 shares during the period. Norges Bank purchased a new position in shares of Airbnb during the 4th quarter valued at about $433,374,000. Charles Schwab Investment Management Inc. lifted its position in shares of Airbnb by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,790,644 shares of the company's stock valued at $366,719,000 after buying an additional 84,348 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Airbnb by 174.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company's stock valued at $245,268,000 after acquiring an additional 1,185,892 shares during the period. Hedge funds and other institutional investors own 80.76% of the company's stock.

Insiders Place Their Bets

In other news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $108.76, for a total transaction of $23,305,636.60. Following the transaction, the director now owns 2,294,870 shares of the company's stock, valued at approximately $249,590,061.20. This represents a 8.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Chesky sold 230,772 shares of the firm's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $161.16, for a total value of $37,191,215.52. Following the transaction, the chief executive officer now owns 12,000,913 shares in the company, valued at approximately $1,934,067,139.08. This represents a 1.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,251,592 shares of company stock worth $308,485,023 in the last three months. Corporate insiders own 27.83% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have weighed in on ABNB. Gordon Haskett raised shares of Airbnb from a "sell" rating to a "hold" rating and set a $143.00 price target on the stock in a report on Friday, February 14th. JPMorgan Chase & Co. dropped their target price on shares of Airbnb from $160.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Robert W. Baird decreased their price target on Airbnb from $175.00 to $160.00 and set an "outperform" rating on the stock in a report on Tuesday, March 25th. Wedbush reaffirmed an "outperform" rating and issued a $155.00 price objective on shares of Airbnb in a research note on Tuesday, February 4th. Finally, Baird R W raised Airbnb from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $146.56.

Airbnb Trading Up 0.6 %

Shares of ABNB stock traded up $0.63 on Friday, reaching $114.54. 4,817,277 shares of the company's stock were exchanged, compared to its average volume of 4,750,950. The company's fifty day simple moving average is $131.21 and its 200 day simple moving average is $132.86. The stock has a market capitalization of $72.22 billion, a PE ratio of 27.73, a P/E/G ratio of 3.52 and a beta of 1.15. 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 52 week low of $99.88 and a 52 week high of $166.74.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, analysts forecast that Airbnb, Inc. will post 4.31 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.