Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Intellectus Partners LLC

Intellectus Partners LLC lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 35.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,810 shares of the company's stock after acquiring an additional 4,880 shares during the period. Intellectus Partners LLC's holdings in Airbnb were worth $2,472,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ABNB. Blake Schutter Theil Wealth Advisors LLC purchased a new stake in shares of Airbnb in the third quarter valued at $226,000. Malaga Cove Capital LLC purchased a new stake in shares of Airbnb in the third quarter valued at $249,000. Principal Financial Group Inc. grew its position in shares of Airbnb by 17.9% in the third quarter. Principal Financial Group Inc. now owns 680,539 shares of the company's stock valued at $86,299,000 after purchasing an additional 103,087 shares during the period. Bensler LLC purchased a new stake in shares of Airbnb in the third quarter valued at $3,230,000. Finally, AIA Group Ltd increased its holdings in shares of Airbnb by 5.5% during the 3rd quarter. AIA Group Ltd now owns 27,501 shares of the company's stock worth $3,487,000 after buying an additional 1,425 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Needham & Company LLC restated a "hold" rating on shares of Airbnb in a report on Friday, February 14th. DA Davidson upped their price objective on Airbnb from $131.00 to $170.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Argus upgraded Airbnb from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. UBS Group upped their price objective on Airbnb from $143.00 to $160.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Finally, Baird R W upgraded Airbnb from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Five analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $146.48.

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Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $135.35, for a total value of $94,745.00. Following the sale, the chief technology officer now directly owns 184,714 shares in the company, valued at $25,001,039.90. This trade represents a 0.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the completion of the sale, the chief executive officer now owns 12,000,913 shares in the company, valued at approximately $1,934,067,139.08. This represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,093,970 shares of company stock valued at $296,365,992 in the last quarter. Insiders own 27.83% of the company's stock.

Airbnb Stock Down 0.3 %

NASDAQ:ABNB traded down $0.38 during mid-day trading on Friday, reaching $134.39. The stock had a trading volume of 5,616,596 shares, compared to its average volume of 4,386,382. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The stock's 50 day simple moving average is $136.94 and its two-hundred day simple moving average is $132.76. The company has a market capitalization of $84.74 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data 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%. Equities analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

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.