HS Management Partners LLC Has $44.49 Million Holdings in Airbnb, Inc. (NASDAQ:ABNB)

HS Management Partners LLC raised its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 13.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 338,525 shares of the company's stock after buying an additional 40,130 shares during the quarter. Airbnb accounts for about 3.1% of HS Management Partners LLC's investment portfolio, making the stock its 18th largest position. HS Management Partners LLC owned about 0.05% of Airbnb worth $44,486,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb during the 4th quarter worth approximately $25,000. Hollencrest Capital Management grew its holdings in shares of Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company's stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Berbice Capital Management LLC acquired a new stake in shares of Airbnb during the 4th quarter worth approximately $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Airbnb during the 3rd quarter worth approximately $30,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Airbnb during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Wedbush reissued an "outperform" rating and set a $155.00 price objective on shares of Airbnb in a report on Tuesday, February 4th. Benchmark raised their target price on Airbnb from $150.00 to $178.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Hsbc Global Res upgraded Airbnb from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. B. Riley raised their target price on Airbnb from $131.00 to $145.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Finally, HSBC upgraded Airbnb from a "hold" rating to a "buy" rating in a research report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Airbnb presently has an average rating of "Hold" and an average target price of $146.48.

Remove Ads

Airbnb Stock Performance

NASDAQ ABNB traded down $0.38 on Friday, hitting $134.39. 5,616,596 shares of the stock were exchanged, compared to its average volume of 4,386,382. The company has a market capitalization of $84.74 billion, a PE ratio of 32.54, a P/E/G ratio of 3.52 and a beta of 1.10. 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 business's fifty day moving average is $136.94 and its 200 day moving average is $132.76. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10.

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

Insider Activity

In related news, CEO Brian Chesky sold 230,772 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the sale, the chief executive officer now owns 12,000,913 shares in the company, valued at approximately $1,934,067,139.08. This represents a 1.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nathan Blecharczyk sold 183,078 shares of the firm's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $158.00, for a total value of $28,926,324.00. Following the sale, the insider now directly owns 164,850 shares of the company's stock, valued at $26,046,300. This represents a 52.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,093,970 shares of company stock valued at $296,365,992 over the last three months. Insiders own 27.83% of the company's stock.

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.