Airbnb, Inc. (NASDAQ:ABNB) Stake Raised by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 40.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 685,817 shares of the company's stock after buying an additional 197,558 shares during the quarter. Assenagon Asset Management S.A. owned about 0.11% of Airbnb worth $90,123,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of ABNB. Pacer Advisors Inc. boosted its position in Airbnb by 6,085.6% during the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company's stock worth $537,872,000 after purchasing an additional 4,172,985 shares in the last quarter. Meritage Group LP purchased a new stake in shares of Airbnb in the 3rd quarter worth about $160,985,000. Edgewood Management LLC grew its stake in Airbnb by 9.2% in the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company's stock valued at $1,722,388,000 after acquiring an additional 1,143,464 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Airbnb by 19,430.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company's stock valued at $1,419,610,000 after acquiring an additional 1,113,747 shares in the last quarter. Finally, Temasek Holdings Private Ltd raised its position in Airbnb by 91.3% during the third quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company's stock worth $294,726,000 after acquiring an additional 1,109,076 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

Airbnb Stock Up 3.9 %

Shares of Airbnb stock traded up $4.92 during trading hours on Wednesday, hitting $132.52. 3,728,072 shares of the company's stock traded hands, compared to its average volume of 3,714,674. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a market cap of $84.01 billion, a PE ratio of 46.50, a PEG ratio of 1.93 and a beta of 1.13. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $134.62 and a 200-day simple moving average of $132.22.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts' consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter last year, the business earned $2.39 EPS. Equities research analysts anticipate that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 600 shares of the business's stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $135.33, for a total value of $81,198.00. Following the completion of the sale, the chief technology officer now directly owns 192,244 shares of the company's stock, valued at $26,016,380.52. The trade was a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nathan Blecharczyk sold 9,603 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the transaction, the insider now directly owns 164,850 shares in the company, valued at approximately $21,466,767. This represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 915,997 shares of company stock worth $122,800,660. Insiders own 27.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. TD Cowen upped their target price on Airbnb from $150.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Robert W. Baird increased their price objective on Airbnb from $120.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Sanford C. Bernstein cut their target price on shares of Airbnb from $174.00 to $155.00 and set an "outperform" rating for the company in a research note on Tuesday, September 17th. Phillip Securities reaffirmed a "reduce" rating and set a $120.00 price target on shares of Airbnb in a research note on Tuesday, November 12th. Finally, Morgan Stanley boosted their price objective on shares of Airbnb from $115.00 to $125.00 and gave the company an "underweight" rating in a research report on Monday. Six equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Airbnb has an average rating of "Hold" and an average target price of $139.81.

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.