Guggenheim Capital LLC Has $16.18 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Guggenheim Capital LLC raised its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,154 shares of the company's stock after purchasing an additional 5,395 shares during the period. Guggenheim Capital LLC's holdings in Airbnb were worth $16,184,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ABNB. Geode Capital Management LLC raised 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 valued at $1,244,514,000 after acquiring an additional 72,991 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Airbnb by 147.3% during the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock valued at $571,505,000 after purchasing an additional 2,590,475 shares in the last quarter. Renaissance Technologies LLC boosted 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 worth $548,683,000 after purchasing an additional 558,856 shares in the last quarter. Norges Bank bought a new position in Airbnb during the fourth quarter valued at about $433,374,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Airbnb by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,790,644 shares of the company's stock worth $366,719,000 after acquiring an additional 84,348 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of recent analyst reports. Barclays lifted their price target on shares of Airbnb from $110.00 to $120.00 and gave the company an "underweight" rating in a research report on Friday, February 14th. The Goldman Sachs Group raised Airbnb from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $110.00 to $153.00 in a report on Friday, February 14th. UBS Group increased their price target on shares of Airbnb from $143.00 to $160.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. B. Riley lifted their price objective on Airbnb from $131.00 to $145.00 and gave the company a "neutral" rating in a report on Friday, February 14th. Finally, Morgan Stanley boosted their target price on Airbnb from $125.00 to $130.00 and gave the stock an "underweight" rating in a report on Thursday. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $146.94.

Airbnb Trading Up 0.1 %

Shares of Airbnb stock traded up $0.06 during trading hours on Friday, hitting $112.70. The company's stock had a trading volume of 4,454,614 shares, compared to its average volume of 4,769,809. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $166.74. 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 company has a market capitalization of $71.06 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. The stock has a 50 day moving average of $129.19 and a 200 day moving average of $132.31.

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

Insiders Place Their Bets

In related news, CEO Brian Chesky sold 230,772 shares of the 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 directly owns 12,000,913 shares in the company, valued at approximately $1,934,067,139.08. This trade represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $114.68, for a total value of $80,276.00. Following the completion of the sale, the chief technology officer now directly owns 222,822 shares in the company, valued at approximately $25,553,226.96. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,037,307 shares of company stock worth $280,842,374. Corporate 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.