Envestnet Portfolio Solutions Inc. Increases Stake in Airbnb, Inc. (NASDAQ:ABNB)

Envestnet Portfolio Solutions Inc. grew its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 32.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,673 shares of the company's stock after purchasing an additional 5,532 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Airbnb were worth $2,979,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. CAP Partners LLC boosted its stake in shares of Airbnb by 3.6% during the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company's stock valued at $293,000 after purchasing an additional 77 shares in the last quarter. Lindbrook Capital LLC boosted its stake 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 purchasing an additional 78 shares in the last quarter. Manchester Capital Management LLC boosted its stake in shares of Airbnb by 18.2% during the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company's stock valued at $69,000 after purchasing an additional 81 shares in the last quarter. Salvus Wealth Management LLC boosted its stake in shares of Airbnb by 2.5% during the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company's stock valued at $455,000 after purchasing an additional 84 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in shares of Airbnb by 19.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 580 shares of the company's stock valued at $74,000 after purchasing an additional 94 shares in the last quarter. Institutional investors own 80.76% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts recently commented on ABNB shares. Hsbc Global Res raised shares of Airbnb from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. JMP Securities reissued a "market perform" rating on shares of Airbnb in a research note on Friday, February 14th. Truist Financial dropped their price objective on shares of Airbnb from $123.00 to $112.00 and set a "hold" rating on the stock in a research note on Friday. Morgan Stanley boosted their price objective on shares of Airbnb from $115.00 to $125.00 and gave the stock an "underweight" rating in a research note on Monday, January 13th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Airbnb in a research note on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Airbnb has a consensus rating of "Hold" and a consensus price target of $147.82.

Airbnb Stock Performance

ABNB stock traded up $2.65 during midday trading on Friday, reaching $128.80. 8,703,802 shares of the company's stock traded hands, 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 stock 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 company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock's 50-day moving average is $135.72 and its 200 day moving average is $133.30.

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

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $126.00, for a total value of $88,200.00. Following the completion of the transaction, the chief technology officer now directly owns 171,419 shares in the company, valued at $21,598,794. This represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brian Chesky sold 230,772 shares of the company's stock in a transaction that occurred on 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 approximately $1,934,067,139.08. The trade was a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,094,370 shares of company stock worth $294,900,910 over the last three months. 27.83% of the stock is currently owned by company insiders.

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.