15,979 Shares in Airbnb, Inc. (NASDAQ:ABNB) Bought by Elevate Capital Advisors LLC

Elevate Capital Advisors LLC bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 15,979 shares of the company’s stock, valued at approximately $2,100,000. Airbnb makes up approximately 1.8% of Elevate Capital Advisors LLC’s portfolio, making the stock its 16th largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its position in Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after acquiring an additional 4,172,985 shares in the last quarter. Meritage Group LP bought a new stake in shares of Airbnb in the third quarter valued at about $160,985,000. Edgewood Management LLC lifted its holdings in shares of Airbnb by 9.2% in the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after purchasing an additional 1,143,464 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Airbnb by 19,430.3% during the third quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock worth $1,419,610,000 after buying an additional 1,113,747 shares in the last quarter. Finally, Temasek Holdings Private Ltd grew its holdings in shares of Airbnb by 91.3% during the third quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock worth $294,726,000 after buying an additional 1,109,076 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ABNB has been the subject of a number of recent research reports. Morgan Stanley upped their price target on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. Truist Financial decreased their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. JMP Securities reissued a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. Jefferies Financial Group raised their price objective on Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Finally, Piper Sandler upped their target price on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Six analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $139.63.

Insiders Place Their Bets

In other Airbnb news, insider Nathan Blecharczyk sold 9,603 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the sale, the insider now directly owns 164,850 shares in the company, valued at $21,466,767. This represents a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Brian Chesky sold 76,923 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the completion of the transaction, the chief executive officer now directly owns 12,616,300 shares in the company, valued at approximately $1,765,525,022. This represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,417,704 shares of company stock worth $187,654,829 in the last 90 days. Company insiders own 27.83% of the company’s stock.

Airbnb Trading Up 1.8 %

ABNB stock opened at $134.98 on Monday. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. 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 50-day simple moving average is $132.98 and its 200 day simple moving average is $129.94. The company has a market capitalization of $85.57 billion, a PE ratio of 47.36, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the prior year, the business posted $2.39 earnings per share. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 3.97 earnings per share for the current 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.