Airbnb, Inc. (NASDAQ:ABNB) Stock Position Raised by HS Management Partners LLC

HS Management Partners LLC raised its stake in Airbnb, Inc. (NASDAQ:ABNB) by 13.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 338,525 shares of the company’s stock after buying an additional 40,130 shares during the quarter. Airbnb accounts for about 3.1% of HS Management Partners LLC’s holdings, making the stock its 18th biggest position. HS Management Partners LLC owned approximately 0.05% of Airbnb worth $44,486,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. QRG Capital Management Inc. grew its stake in Airbnb by 6.7% in the 3rd quarter. QRG Capital Management Inc. now owns 29,417 shares of the company’s stock valued at $3,730,000 after buying an additional 1,857 shares during the last quarter. Crestwood Advisors Group LLC increased its position in shares of Airbnb by 7.3% during the 3rd quarter. Crestwood Advisors Group LLC now owns 2,094 shares of the company’s stock worth $266,000 after purchasing an additional 143 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC acquired a new stake in shares of Airbnb during the 3rd quarter worth about $226,000. Malaga Cove Capital LLC acquired a new stake in Airbnb in the 3rd quarter valued at about $249,000. Finally, Principal Financial Group Inc. increased its position in Airbnb by 17.9% in the 3rd quarter. Principal Financial Group Inc. now owns 680,539 shares of the company’s stock valued at $86,299,000 after acquiring an additional 103,087 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ABNB shares. Gordon Haskett upgraded shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price target for the company in a research report on Friday, February 14th. JPMorgan Chase & Co. boosted their price objective on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Wedbush reissued an “outperform” rating and issued a $155.00 price objective on shares of Airbnb in a research report on Tuesday, February 4th. Piper Sandler boosted their target price on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, UBS Group boosted their target price on shares of Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $146.48.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 $24,450,544.18. The trade was a 9.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 183,078 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the completion of the sale, the insider now owns 164,850 shares of the company’s stock, valued at $26,046,300. The trade was a 52.62 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,087,020 shares of company stock worth $295,392,297. 27.83% of the stock is currently owned by insiders.

Airbnb Stock Performance

Shares of ABNB opened at $142.58 on Thursday. The company has a market cap of $89.90 billion, a PE ratio of 34.52, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average price of $136.93 and a 200-day moving average price of $132.43. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts forecast that Airbnb, Inc. will post 4.31 earnings per share 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.