Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Markel Group Inc.

Markel Group Inc. lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 502.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 115,310 shares of the company's stock after acquiring an additional 96,160 shares during the period. Markel Group Inc.'s holdings in Airbnb were worth $15,153,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ABNB. Edgewood Management LLC grew its position in Airbnb by 9.2% in the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company's stock worth $1,722,388,000 after acquiring an additional 1,143,464 shares during the period. Geode Capital Management LLC grew its holdings in shares of Airbnb by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company's stock worth $1,189,635,000 after purchasing an additional 146,761 shares during the period. Pacer Advisors Inc. increased its position in shares of Airbnb by 6,085.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company's stock worth $537,872,000 after purchasing an additional 4,172,985 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Airbnb by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,790,644 shares of the company's stock valued at $366,719,000 after buying an additional 84,348 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Airbnb by 3.5% in the third 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. Institutional investors and hedge funds own 80.76% of the company's stock.

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Airbnb Stock Performance

Shares of Airbnb stock traded up $0.54 on Wednesday, hitting $125.98. The stock had a trading volume of 3,226,106 shares, compared to its average volume of 4,411,698. The stock has a market cap of $79.43 billion, a price-to-earnings ratio of 30.66, a P/E/G ratio of 3.52 and a beta of 1.10. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The company's 50 day moving average price is $136.82 and its 200 day moving average price is $132.94.

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, beating analysts' consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Buying and Selling

In other news, CTO Aristotle N. Balogh sold 20,000 shares of the 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 completion of the sale, the chief technology officer now owns 185,414 shares in the company, valued at approximately $24,450,544.18. This represents a 9.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nathan Blecharczyk sold 183,078 shares of the business's stock in a transaction dated 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 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 sold a total of 2,054,509 shares of company stock worth $290,940,989 in the last 90 days. Company insiders own 27.83% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ABNB. Gordon Haskett upgraded shares of Airbnb from a "sell" rating to a "hold" rating and set a $143.00 price target for the company in a research report on Friday, February 14th. Wedbush reiterated an "outperform" rating and issued a $155.00 target price on shares of Airbnb in a report on Tuesday, February 4th. Robert W. Baird upgraded Airbnb from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $140.00 to $175.00 in a research note on Friday, February 14th. Baird R W upgraded Airbnb from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Finally, Benchmark boosted their price objective on Airbnb from $150.00 to $178.00 and gave the company a "buy" rating in a report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Airbnb presently has an average rating of "Hold" and a consensus target price of $148.00.

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.