Jones Financial Companies Lllp Purchases 2,155 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Jones Financial Companies Lllp increased its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 43.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,166 shares of the company's stock after purchasing an additional 2,155 shares during the period. Jones Financial Companies Lllp's holdings in Airbnb were worth $942,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Edgewood Management LLC raised its holdings in Airbnb by 9.2% during the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company's stock valued at $1,722,388,000 after buying an additional 1,143,464 shares during the last quarter. Geode Capital Management LLC raised its holdings in Airbnb by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company's stock valued at $1,189,635,000 after buying an additional 146,761 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Airbnb by 6,085.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company's stock valued at $537,872,000 after buying an additional 4,172,985 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Airbnb by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company's stock valued at $343,185,000 after buying an additional 52,358 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Airbnb by 3.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,360,004 shares of the company's stock valued at $299,272,000 after buying an additional 80,610 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

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Insider Activity

In other news, CTO Aristotle N. Balogh sold 20,000 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $131.87, for a total transaction of $2,637,400.00. Following the sale, the chief technology officer now owns 185,414 shares of the company's stock, valued at $24,450,544.18. This trade represents a 9.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nathan Blecharczyk sold 183,078 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the completion of the transaction, the insider now owns 164,850 shares in the company, valued at $26,046,300. This trade represents a 52.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,093,970 shares of company stock valued at $296,365,992 in the last 90 days. 27.83% of the stock is currently owned by insiders.

Airbnb Stock Down 0.3 %

ABNB stock traded down $0.38 during trading on Friday, hitting $134.39. 5,616,596 shares of the stock traded hands, compared to its average volume of 4,386,382. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The firm's 50 day moving average is $136.94 and its two-hundred day moving average is $132.66. The stock has a market cap 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. 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 (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (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%. On average, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Evercore ISI upped their price target on shares of Airbnb to $155.00 and gave the company a "hold" rating in a report on Wednesday, January 15th. Truist Financial lowered their price target on shares of Airbnb from $124.00 to $123.00 and set a "hold" rating for the company in a report on Wednesday, December 4th. The Goldman Sachs Group upgraded shares of Airbnb from a "sell" rating to a "neutral" rating and upped their price target for the company from $110.00 to $153.00 in a report on Friday, February 14th. Baird R W upgraded shares of Airbnb from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Finally, HSBC upgraded shares of Airbnb from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Five analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Airbnb has an average rating of "Hold" and an average target price of $146.48.

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.