Vinva Investment Management Ltd Increases Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Vinva Investment Management Ltd raised its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 82.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,430 shares of the company's stock after buying an additional 10,128 shares during the quarter. Vinva Investment Management Ltd's holdings in Airbnb were worth $2,956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in ABNB. Edgewood Management LLC grew its stake 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 acquiring an additional 1,143,464 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Airbnb by 1.6% in the third 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. lifted its position in shares of Airbnb by 6,085.6% in the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company's stock worth $537,872,000 after buying an additional 4,172,985 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Airbnb by 3.1% during the fourth 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 during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Airbnb by 3.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,360,004 shares of the company's stock valued at $299,272,000 after buying an additional 80,610 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Airbnb Stock Performance

Shares of Airbnb stock traded up $1.02 on Monday, reaching $129.82. 3,706,153 shares of the stock were exchanged, compared to its average volume of 4,411,771. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.00. The business has a 50 day moving average price of $135.72 and a two-hundred day moving average price of $133.43. 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 firm has a market capitalization of $81.86 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data 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%. Analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Airbnb

In related news, CEO Brian Chesky sold 230,772 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the sale, the chief executive officer now directly owns 12,000,913 shares of the company's stock, valued at approximately $1,934,067,139.08. This represents a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Nathan Blecharczyk sold 183,078 shares of Airbnb stock in a transaction on Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the completion of the transaction, the insider now directly owns 164,850 shares of the company's stock, valued at $26,046,300. The trade was a 52.62 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,055,909 shares of company stock worth $289,763,290. Insiders own 27.83% of the company's stock.

Wall Street Analyst Weigh In

ABNB has been the subject of a number of research reports. The Goldman Sachs Group upgraded Airbnb from a "sell" rating to a "neutral" rating and increased their target price for the company from $110.00 to $153.00 in a research report on Friday, February 14th. HSBC upgraded shares of Airbnb from a "hold" rating to a "buy" rating in a research report on Friday, February 14th. Susquehanna upped their target price on shares of Airbnb from $160.00 to $200.00 and gave the company a "positive" rating in a research report on Tuesday, February 18th. Wells Fargo & Company lowered their price target on shares of Airbnb from $100.00 to $96.00 and set an "underweight" rating for the company in a report on Thursday, January 16th. Finally, Wedbush reissued an "outperform" rating and set a $155.00 price objective on shares of Airbnb in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $147.82.

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.