FIL Ltd Acquires 526,398 Shares of Airbnb, Inc. (NASDAQ:ABNB)

FIL Ltd lifted its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 74.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,238,108 shares of the company's stock after buying an additional 526,398 shares during the quarter. FIL Ltd owned about 0.20% of Airbnb worth $162,700,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Janus Henderson Group PLC increased its holdings in shares of Airbnb by 4.0% during the 3rd quarter. Janus Henderson Group PLC now owns 54,131 shares of the company's stock worth $6,866,000 after purchasing an additional 2,100 shares during the period. Quarry LP acquired a new position in Airbnb during the 3rd quarter valued at about $55,000. XTX Topco Ltd bought a new position in Airbnb in the third quarter valued at approximately $592,000. MML Investors Services LLC grew its position in shares of Airbnb by 26.0% during the 3rd quarter. MML Investors Services LLC now owns 66,100 shares of the company's stock worth $8,382,000 after buying an additional 13,635 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of Airbnb by 3.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 159,765 shares of the company's stock valued at $20,260,000 after buying an additional 5,761 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Performance

Shares of ABNB traded down $0.28 on Monday, reaching $114.26. 960,970 shares of the company's stock traded hands, compared to its average volume of 4,736,478. The stock has a market cap of $72.05 billion, a PE ratio of 27.67, a PEG 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. The stock's 50 day simple moving average is $131.21 and its two-hundred day simple moving average is $132.86. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $166.74.

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Airbnb (NASDAQ:ABNB - Get Free Report) last released 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%. On average, analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

ABNB has been the topic of a number of research reports. DA Davidson boosted their price target on Airbnb from $131.00 to $170.00 and gave the company a "neutral" rating in a report on Friday, February 14th. Susquehanna boosted their target price on shares of Airbnb from $160.00 to $200.00 and gave the company a "positive" rating in a research report on Tuesday, February 18th. HSBC raised shares of Airbnb from a "hold" rating to a "buy" rating in a research report on Friday, February 14th. Hsbc Global Res raised Airbnb from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Finally, Canaccord Genuity Group lifted their price target on Airbnb from $165.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $146.56.

Insiders Place Their Bets

In related news, Director Joseph Gebbia sold 214,285 shares of the company's stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $108.76, for a total transaction of $23,305,636.60. Following the sale, the director now owns 2,294,870 shares of the company's stock, valued at approximately $249,590,061.20. This represents a 8.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 183,078 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the transaction, the insider now owns 164,850 shares of the company's stock, valued at approximately $26,046,300. The trade was a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,251,592 shares of company stock worth $308,485,023 over the last quarter. 27.83% of the stock is currently owned by company insiders.

Airbnb 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.