Airbnb, Inc. (NASDAQ:ABNB) Stock Position Raised by Trivest Advisors Ltd

Trivest Advisors Ltd lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 137.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 849,500 shares of the company's stock after purchasing an additional 491,500 shares during the period. Airbnb accounts for 5.1% of Trivest Advisors Ltd's investment portfolio, making the stock its 6th biggest holding. Trivest Advisors Ltd owned approximately 0.13% of Airbnb worth $111,633,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Edgewood Management LLC boosted its holdings in Airbnb by 9.2% in the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company's stock worth $1,722,388,000 after buying an additional 1,143,464 shares during the period. Geode Capital Management LLC boosted its holdings in Airbnb by 1.6% in the 3rd 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 during the period. Pacer Advisors Inc. boosted its holdings in Airbnb by 6,085.6% in the 3rd 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 during the period. Charles Schwab Investment Management Inc. boosted its holdings in Airbnb by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,790,644 shares of the company's stock worth $366,719,000 after buying an additional 84,348 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Airbnb by 3.5% in 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 worth $299,272,000 after buying an additional 80,610 shares during the period. Hedge funds and other institutional investors own 80.76% of the company's stock.

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Insider Buying and Selling at Airbnb

In other news, CEO Brian Chesky sold 230,772 shares of the stock in a transaction that occurred 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 owns 12,000,913 shares in the company, valued at $1,934,067,139.08. This represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $126.00, for a total transaction of $88,200.00. Following the sale, the chief technology officer now owns 171,419 shares in the company, valued at approximately $21,598,794. The trade was a 0.41 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,094,370 shares of company stock valued at $294,900,910. Corporate insiders own 27.83% of the company's stock.

Airbnb Trading Up 2.1 %

ABNB stock traded up $2.65 during trading on Friday, reaching $128.80. The company had a trading volume of 8,703,802 shares, compared to its average volume of 4,414,497. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.00. The company has a market cap of $81.21 billion, a P/E ratio of 31.19, a PEG ratio of 3.52 and a beta of 1.10. The business has a 50 day moving average of $135.72 and a 200 day moving average of $133.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share 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, sell-side analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ABNB. Tigress Financial raised their price objective on shares of Airbnb from $195.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, March 14th. The Goldman Sachs Group raised shares of Airbnb from a "sell" rating to a "neutral" rating and raised their price target for the company from $110.00 to $153.00 in a report on Friday, February 14th. Barclays raised their price target on shares of Airbnb from $110.00 to $120.00 and gave the company an "underweight" rating in a report on Friday, February 14th. Jefferies Financial Group raised shares of Airbnb from a "hold" rating to a "buy" rating and raised their price target for the company from $165.00 to $185.00 in a report on Monday, March 10th. Finally, Morgan Stanley raised their price target on shares of Airbnb from $115.00 to $125.00 and gave the company an "underweight" rating in a report on Monday, January 13th. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $147.82.

About Airbnb

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.