Capital International Sarl Grows Position in Airbnb, Inc. (NASDAQ:ABNB)

Capital International Sarl increased its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,260 shares of the company's stock after acquiring an additional 7,646 shares during the quarter. Capital International Sarl's holdings in Airbnb were worth $15,409,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. CAP Partners LLC grew its stake in shares of Airbnb by 3.6% in the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company's stock worth $293,000 after acquiring an additional 77 shares during the last quarter. Lindbrook Capital LLC boosted its position in shares of Airbnb by 1.4% during the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company's stock valued at $728,000 after acquiring an additional 78 shares in the last quarter. Manchester Capital Management LLC raised its position in Airbnb by 18.2% in the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company's stock worth $69,000 after purchasing an additional 81 shares in the last quarter. Salvus Wealth Management LLC lifted its stake in Airbnb by 2.5% during the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company's stock worth $455,000 after purchasing an additional 84 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in Airbnb by 2.3% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 4,285 shares of the company's stock valued at $565,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $114.68, for a total transaction of $80,276.00. Following the sale, the chief technology officer now directly owns 222,822 shares in the company, valued at approximately $25,553,226.96. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the company's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $129.21, for a total value of $27,687,764.85. Following the transaction, the director now directly owns 857,145 shares in the company, valued at approximately $110,751,705.45. The trade was a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,998,146 shares of company stock worth $275,624,925 in the last quarter. Corporate insiders own 27.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Airbnb in a research note on Friday, February 14th. Susquehanna raised their price target on shares of Airbnb from $160.00 to $200.00 and gave the company a "positive" rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. dropped their price target on shares of Airbnb from $160.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Truist Financial dropped their target price on shares of Airbnb from $123.00 to $112.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Finally, JMP Securities reiterated a "market perform" rating on shares of Airbnb in a report on Friday, February 14th. Five analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $146.94.

Airbnb Trading Up 2.3 %

Shares of ABNB stock traded up $2.63 during trading hours on Wednesday, reaching $117.54. The company's stock had a trading volume of 2,813,907 shares, compared to its average volume of 4,776,779. The firm's fifty day simple moving average is $128.09 and its 200 day simple moving average is $132.15. Airbnb, Inc. has a one year low of $99.88 and a one year high of $166.74. The stock has a market capitalization of $74.11 billion, a P/E ratio of 28.46, a P/E/G ratio of 3.52 and a beta of 1.15. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

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

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.