Vestor Capital LLC Makes New $3.39 Million Investment in Airbnb, Inc. (NASDAQ:ABNB)

Vestor Capital LLC bought a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,781 shares of the company's stock, valued at approximately $3,388,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Edgewood Management LLC boosted its holdings in shares of Airbnb by 9.2% in the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company's stock valued at $1,722,388,000 after acquiring an additional 1,143,464 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Airbnb by 1.6% in 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 period. Charles Schwab Investment Management Inc. boosted its stake in shares of Airbnb by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,790,644 shares of the company's stock worth $366,719,000 after buying an additional 84,348 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Airbnb by 3.5% during 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 acquiring an additional 80,610 shares in the last quarter. Finally, Temasek Holdings Private Ltd lifted its holdings in Airbnb by 91.3% in the third quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company's stock valued at $294,726,000 after acquiring an additional 1,109,076 shares during the period. Hedge funds and other institutional investors own 80.76% of the company's stock.

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Analyst Ratings Changes

Several research firms have recently weighed in on ABNB. Needham & Company LLC reaffirmed a "hold" rating on shares of Airbnb in a report on Friday, February 14th. Robert W. Baird dropped their target price on Airbnb from $175.00 to $160.00 and set an "outperform" rating on the stock in a research report on Tuesday. 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. Baird R W raised Airbnb from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Finally, Barclays upped their target price on Airbnb from $110.00 to $120.00 and gave the stock an "underweight" rating in a research note 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 given a strong buy rating to the company. Based on data from MarketBeat.com, Airbnb presently has a consensus rating of "Hold" and an average price target of $147.36.

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the completion of the sale, the chief executive officer now directly owns 12,000,913 shares of the company's stock, valued at $1,934,067,139.08. The trade was a 1.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $126.00, for a total value of $88,200.00. Following the completion of the transaction, the chief technology officer now owns 171,419 shares in the company, valued at approximately $21,598,794. The trade was a 0.41 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,055,909 shares of company stock worth $289,763,290. Company insiders own 27.83% of the company's stock.

Airbnb Stock Down 1.0 %

Shares of ABNB stock traded down $1.24 during trading on Wednesday, reaching $128.64. The company's stock had a trading volume of 3,501,966 shares, compared to its average volume of 4,414,465. The company has a market capitalization of $81.11 billion, a price-to-earnings ratio of 31.15, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $169.11. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The stock's 50-day moving average price is $135.71 and its 200 day moving average price is $133.60.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share 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 year.

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.