Intech Investment Management LLC Acquires 4,279 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Intech Investment Management LLC raised its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 121.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,808 shares of the company's stock after acquiring an additional 4,279 shares during the period. Intech Investment Management LLC's holdings in Airbnb were worth $1,026,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Verde Capital Management lifted its holdings in Airbnb by 25.3% in the fourth quarter. Verde Capital Management now owns 21,118 shares of the company's stock worth $2,775,000 after purchasing an additional 4,269 shares during the period. Tri Ri Asset Management Corp bought a new stake in shares of Airbnb during the 3rd quarter worth about $6,352,000. Baltimore Washington Financial Advisors Inc. raised its position in shares of Airbnb by 14.8% during the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company's stock worth $6,498,000 after buying an additional 6,357 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Airbnb by 40.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company's stock worth $90,123,000 after acquiring an additional 197,558 shares during the period. Finally, Sarasin & Partners LLP bought a new position in shares of Airbnb in the fourth quarter valued at approximately $2,272,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Airbnb Stock Performance

ABNB traded up $0.06 on Tuesday, hitting $129.88. The company had a trading volume of 4,362,344 shares, compared to its average volume of 4,415,663. The stock has a market cap of $81.89 billion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth 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 company's fifty day moving average price is $135.79 and its 200 day moving average price is $133.64. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.00.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Jefferies Financial Group raised Airbnb from a "hold" rating to a "buy" rating and boosted their target price for the stock from $165.00 to $185.00 in a report on Monday, March 10th. Wells Fargo & Company dropped their price objective on Airbnb from $100.00 to $96.00 and set an "underweight" rating on the stock in a research note on Thursday, January 16th. Barclays raised their target price on Airbnb from $110.00 to $120.00 and gave the company an "underweight" rating in a research note on Friday, February 14th. Needham & Company LLC reiterated a "hold" rating on shares of Airbnb in a research report on Friday, February 14th. Finally, Canaccord Genuity Group upped their price target on shares of Airbnb from $165.00 to $190.00 and gave the company a "buy" rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $147.36.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $126.00, for a total transaction of $88,200.00. Following the sale, the chief technology officer now owns 171,419 shares in the company, valued at $21,598,794. The trade was a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nathan Blecharczyk sold 183,078 shares of the company'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 completion of the sale, the insider now owns 164,850 shares in the company, valued at $26,046,300. This trade represents a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,055,909 shares of company stock worth $289,763,290 over the last ninety days. Company 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.