Sei Investments Co. Has $97.07 Million Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Sei Investments Co. increased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 738,693 shares of the company's stock after buying an additional 7,531 shares during the quarter. Sei Investments Co. owned about 0.12% of Airbnb worth $97,072,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. OneDigital Investment Advisors LLC grew its stake in Airbnb by 6.8% during the third quarter. OneDigital Investment Advisors LLC now owns 2,223 shares of the company's stock worth $282,000 after buying an additional 142 shares during the period. Quest Partners LLC increased its stake in shares of Airbnb by 3,643.9% in the third quarter. Quest Partners LLC now owns 2,134 shares of the company's stock worth $271,000 after buying an additional 2,077 shares during the last quarter. Avior Wealth Management LLC raised its stake in shares of Airbnb by 20.3% in the 3rd quarter. Avior Wealth Management LLC now owns 1,032 shares of the company's stock valued at $131,000 after purchasing an additional 174 shares in the last quarter. Commerce Bank raised its stake in Airbnb by 14.2% during the third quarter. Commerce Bank now owns 21,338 shares of the company's stock valued at $2,706,000 after buying an additional 2,658 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Airbnb by 11.5% during the third quarter. Advisors Asset Management Inc. now owns 14,368 shares of the company's stock worth $1,822,000 after purchasing an additional 1,479 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Insider Buying and Selling

In other Airbnb 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 value 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 trade represents a 9.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the firm's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $129.38, for a total value of $27,724,193.30. Following the completion of the transaction, the director now owns 2,509,155 shares in the company, valued at approximately $324,634,473.90. This represents a 7.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,270,894 shares of company stock valued at $317,578,168 over the last quarter. Corporate insiders own 27.83% of the company's stock.

Airbnb Stock Performance

ABNB stock traded down $2.99 on Thursday, reaching $125.65. 4,903,795 shares of the company were exchanged, compared to its average volume of 4,417,349. 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 12 month low of $110.38 and a 12 month high of $169.11. The stock's fifty day moving average price is $135.71 and its 200 day moving average price is $133.60. The firm has a market capitalization of $79.23 billion, a PE ratio of 30.42, a PEG 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 EPS for the quarter, topping 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 fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. HSBC upgraded Airbnb from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. Hsbc Global Res upgraded shares of Airbnb from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Jefferies Financial Group upgraded shares of Airbnb from a "hold" rating to a "buy" rating and boosted their price target for the stock from $165.00 to $185.00 in a research report on Monday, March 10th. Gordon Haskett raised Airbnb from a "sell" rating to a "hold" rating and set a $143.00 price objective for the company in a research note on Friday, February 14th. Finally, Tigress Financial lifted their target price on shares of Airbnb from $195.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, March 14th. Five analysts have rated the stock with a sell rating, eighteen have given 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, Airbnb presently has a consensus rating of "Hold" and an average price target of $147.36.

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.