Intech Investment Management LLC Has $1.03 Million Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Intech Investment Management LLC boosted its position in Airbnb, Inc. (NASDAQ:ABNB) by 121.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,808 shares of the company’s stock after acquiring an additional 4,279 shares during the period. Intech Investment Management LLC’s holdings in Airbnb were worth $1,026,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in Airbnb by 1.6% in the third quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock worth $1,189,635,000 after acquiring an additional 146,761 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Airbnb by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,790,644 shares of the company’s stock valued at $366,719,000 after acquiring an additional 84,348 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of 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 during the last quarter. Temasek Holdings Private Ltd increased its position 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 valued at $294,726,000 after acquiring an additional 1,109,076 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Airbnb by 174.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock worth $245,268,000 after buying an additional 1,185,892 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Morgan Stanley raised their target price on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. Baird R W raised Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Robert W. Baird raised Airbnb from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $140.00 to $175.00 in a research note on Friday, February 14th. 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, Benchmark lifted their price target on Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research note on Friday, February 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. Based on data from MarketBeat, Airbnb has a consensus rating of “Hold” and an average price target of $147.82.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 20,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $131.87, for a total transaction of $2,637,400.00. Following the sale, the chief technology officer now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 38,461 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $126.60, for a total value of $4,869,162.60. Following the sale, the chief executive officer now owns 11,770,144 shares in the company, valued at approximately $1,490,100,230.40. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,094,370 shares of company stock valued at $294,900,910 in the last ninety days. 27.83% of the stock is currently owned by corporate insiders.

Airbnb Stock Performance

Shares of ABNB opened at $128.80 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average price is $135.72 and its 200-day moving average price is $133.30. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.00. The stock has a market cap of $81.21 billion, a P/E ratio of 31.19, a P/E/G ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results 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%. Equities research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

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.