17,286 Shares in Airbnb, Inc. (NASDAQ:ABNB) Purchased by Sarasin & Partners LLP

Sarasin & Partners LLP bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,286 shares of the company's stock, valued at approximately $2,272,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ABNB. Northwest Investment Counselors LLC purchased a new stake in shares of Airbnb in the third quarter valued at about $25,000. Hollencrest Capital Management increased its position in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company's stock worth $26,000 after purchasing an additional 200 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Airbnb during the 3rd quarter worth approximately $30,000. Quarry LP acquired a new stake in shares of Airbnb in the 3rd quarter valued at approximately $55,000. Finally, CVA Family Office LLC grew its holdings in Airbnb by 131.2% during the third quarter. CVA Family Office LLC now owns 474 shares of the company's stock worth $60,000 after acquiring an additional 269 shares during the period. Hedge funds and other institutional investors own 80.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ABNB shares. JMP Securities restated a "market perform" rating on shares of Airbnb in a research report on Monday, December 16th. Cantor Fitzgerald restated an "underweight" rating and set a $94.00 target price on shares of Airbnb in a research report on Monday, October 7th. Barclays lifted their price target on shares of Airbnb from $100.00 to $110.00 and gave the company an "underweight" rating in a research report on Friday, November 8th. Evercore ISI upped their price target on Airbnb to $155.00 and gave the stock a "hold" rating in a report on Wednesday, January 15th. Finally, UBS Group lifted their price objective on Airbnb from $134.00 to $144.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $139.63.

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the company's stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $136.11, for a total value of $81,666.00. Following the completion of the sale, the chief technology officer now owns 192,844 shares of the company's stock, valued at $26,247,996.84. This represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nathan Blecharczyk sold 9,603 shares of the firm's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the sale, the insider now owns 164,850 shares in the company, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,130,982 shares of company stock valued at $150,523,585 over the last ninety days. Corporate insiders own 27.83% of the company's stock.

Airbnb Trading Up 2.2 %

Shares of ABNB traded up $2.96 during trading hours on Monday, hitting $135.12. The stock had a trading volume of 3,740,209 shares, compared to its average volume of 3,539,122. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The firm has a market cap of $85.66 billion, a P/E ratio of 47.41, a P/E/G ratio of 1.63 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The company's fifty day simple moving average is $134.16 and its 200 day simple moving average is $131.81.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts' consensus estimates of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The firm had revenue of $3.73 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same quarter last year, the business earned $2.39 earnings per share. Equities research analysts forecast that Airbnb, Inc. will post 3.99 EPS for the current fiscal year.

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.