Pinebridge Investments L.P. Has $13.15 Million Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Pinebridge Investments L.P. raised its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 87.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,068 shares of the company's stock after buying an additional 46,649 shares during the quarter. Pinebridge Investments L.P.'s holdings in Airbnb were worth $13,150,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ABNB. Dark Forest Capital Management LP raised its position in shares of Airbnb by 61.6% during the 4th quarter. Dark Forest Capital Management LP now owns 7,585 shares of the company's stock valued at $997,000 after acquiring an additional 2,890 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Airbnb by 26.1% during the fourth quarter. Stifel Financial Corp now owns 635,920 shares of the company's stock worth $83,566,000 after purchasing an additional 131,821 shares during the period. TD Waterhouse Canada Inc. lifted its position in shares of Airbnb by 7.2% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,337 shares of the company's stock worth $176,000 after buying an additional 90 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Airbnb by 106.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 50,054 shares of the company's stock valued at $6,578,000 after buying an additional 25,821 shares during the period. Finally, TFJ Management LLC acquired a new position in shares of Airbnb in the 4th quarter valued at about $6,812,000. Institutional investors own 80.76% of the company's stock.

Insider Activity at Airbnb

In related news, CEO Brian Chesky sold 230,772 shares of the company's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $161.16, for a total value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of the firm's stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $114.22, for a total transaction of $24,475,632.70. Following the completion of the transaction, the director now directly owns 2,080,585 shares of the company's stock, valued at $237,644,418.70. This represents a 9.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,213,131 shares of company stock worth $300,179,370 in the last quarter. 27.83% of the stock is owned by company insiders.

Airbnb Price Performance

NASDAQ:ABNB traded up $0.80 during trading hours on Friday, reaching $122.51. 2,904,345 shares of the company's stock were exchanged, compared to its average volume of 4,800,323. The company has a market capitalization of $77.25 billion, a P/E ratio of 29.66, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $165.50. The business's 50-day simple moving average is $125.67 and its two-hundred day simple moving average is $131.90. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Sell-side analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on ABNB. Canaccord Genuity Group raised their target price on shares of Airbnb from $165.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Cantor Fitzgerald cut their price target on Airbnb from $130.00 to $101.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th. Benchmark boosted their price objective on Airbnb from $150.00 to $178.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Wells Fargo & Company dropped their target price on Airbnb from $134.00 to $100.00 and set an "underweight" rating on the stock in a research report on Monday, April 7th. Finally, Wedbush reissued an "outperform" rating and set a $155.00 price target on shares of Airbnb in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $146.94.

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.