Bridgewater Associates LP Has $45.03 Million Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Bridgewater Associates LP lowered its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 342,655 shares of the company's stock after selling 6,868 shares during the quarter. Bridgewater Associates LP owned approximately 0.05% of Airbnb worth $45,028,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in Airbnb by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company's stock worth $1,244,514,000 after buying an additional 72,991 shares during the period. Clearbridge Investments LLC boosted its position 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 acquiring an additional 2,590,475 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Airbnb by 15.5% in the fourth quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company's stock valued at $548,683,000 after purchasing an additional 558,856 shares during the period. Norges Bank acquired a new position in Airbnb during the fourth quarter worth approximately $433,374,000. Finally, Charles Schwab Investment Management Inc. raised 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 worth $366,719,000 after purchasing an additional 84,348 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Stock Performance

Shares of NASDAQ ABNB traded up $0.06 during mid-day trading on Friday, hitting $112.70. The company had a trading volume of 4,454,614 shares, compared to its average volume of 4,766,464. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $166.74. The stock has a market cap of $71.06 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 3.52 and a beta of 1.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The firm's 50 day simple moving average is $129.62 and its two-hundred day simple moving average is $132.40.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted 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 return on equity of 32.29% and a net margin of 23.85%. As a group, equities research analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ABNB shares. UBS Group upped their price objective on Airbnb from $143.00 to $160.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. The Goldman Sachs Group upgraded Airbnb from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $110.00 to $153.00 in a report on Friday, February 14th. HSBC raised shares of Airbnb from a "hold" rating to a "buy" rating in a research report on Friday, February 14th. Evercore ISI lifted their price target on shares of Airbnb to $155.00 and gave the company a "hold" rating in a research report on Wednesday, January 15th. Finally, DA Davidson raised their target price on shares of Airbnb from $131.00 to $170.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $146.94.

Insider Buying and Selling at Airbnb

In related news, CEO Brian Chesky sold 230,772 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the completion of the transaction, the chief executive officer now owns 12,000,913 shares of the company's stock, valued at $1,934,067,139.08. This trade represents a 1.89 % decrease in their ownership of the stock. The sale 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 business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $114.68, for a total transaction of $80,276.00. Following the completion of the sale, the chief technology officer now owns 222,822 shares in the company, valued at approximately $25,553,226.96. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,037,307 shares of company stock valued at $280,842,374 in the last ninety days. Company insiders own 27.83% of the company's stock.

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.