Airbnb, Inc. (NASDAQ:ABNB) is Two Creeks Capital Management LP's 8th Largest Position

Two Creeks Capital Management LP lowered its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 29.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 553,703 shares of the company's stock after selling 230,563 shares during the period. Airbnb makes up approximately 4.5% of Two Creeks Capital Management LP's investment portfolio, making the stock its 8th biggest holding. Two Creeks Capital Management LP owned approximately 0.09% of Airbnb worth $72,762,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CAP Partners LLC raised its position 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 period. Lindbrook Capital LLC boosted its stake in shares of Airbnb by 1.4% in the fourth quarter. Lindbrook Capital LLC now owns 5,540 shares of the company's stock valued at $728,000 after purchasing an additional 78 shares during the period. Manchester Capital Management LLC increased its position in shares of Airbnb by 18.2% during the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company's stock worth $69,000 after acquiring an additional 81 shares during the last quarter. Salvus Wealth Management LLC raised its position in shares of Airbnb by 2.5% in the 4th 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. Finally, TD Waterhouse Canada Inc. grew its holdings in Airbnb by 7.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,337 shares of the company's stock worth $176,000 after acquiring an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

Airbnb Price Performance

ABNB stock opened at $114.91 on Wednesday. The business has a fifty day moving average of $128.09 and a two-hundred day moving average of $132.15. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $166.74. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market cap of $72.46 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate 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, research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Joseph Gebbia sold 214,285 shares of the business's stock in a transaction dated 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 completion of the sale, the director now owns 2,294,870 shares in the company, valued at approximately $249,590,061.20. The trade was a 8.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Chesky sold 38,461 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $129.87, for a total value of $4,994,930.07. Following the completion of the sale, the chief executive officer now owns 12,421,986 shares of the company's stock, valued at approximately $1,613,243,321.82. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,998,146 shares of company stock worth $275,624,925. 27.83% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ABNB has been the topic of a number of research reports. Truist Financial dropped their price target on Airbnb from $123.00 to $112.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Argus raised Airbnb from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Needham & Company LLC reissued a "hold" rating on shares of Airbnb in a research note on Friday, February 14th. Morgan Stanley upped their price target on shares of Airbnb from $125.00 to $130.00 and gave the company an "underweight" rating in a research report on Thursday, April 17th. Finally, Evercore ISI boosted their price objective on shares of Airbnb to $155.00 and gave the company a "hold" rating in a research report on Wednesday, January 15th. Five investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $146.94.

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.

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