O Shaughnessy Asset Management LLC Increases Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

O Shaughnessy Asset Management LLC raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,464 shares of the company’s stock after buying an additional 604 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Airbnb were worth $3,478,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Clearbridge Investments LLC raised its holdings in Airbnb by 147.3% in the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock worth $571,505,000 after purchasing an additional 2,590,475 shares during the period. RWA Wealth Partners LLC raised its stake in shares of Airbnb by 36.4% during the 4th quarter. RWA Wealth Partners LLC now owns 47,768 shares of the company’s stock worth $6,277,000 after buying an additional 12,744 shares during the period. Allstate Corp purchased a new position in shares of Airbnb during the 4th quarter valued at approximately $1,697,000. DnB Asset Management AS grew its stake in Airbnb by 5.9% in the 4th quarter. DnB Asset Management AS now owns 79,350 shares of the company’s stock valued at $10,427,000 after acquiring an additional 4,409 shares during the period. Finally, Norges Bank purchased a new stake in Airbnb in the 4th quarter worth $433,374,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $119.67, for a total value of $83,769.00. Following the sale, the chief technology officer now owns 170,019 shares of the company’s stock, valued at $20,346,173.73. This trade represents a 0.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $135.94, for a total value of $29,129,902.90. Following the transaction, the director now directly owns 1,285,715 shares of the company’s stock, valued at approximately $174,780,097.10. This represents a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,290,053 shares of company stock valued at $319,656,539 in the last 90 days. Company insiders own 27.83% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on ABNB shares. Robert W. Baird decreased their price objective on shares of Airbnb from $175.00 to $160.00 and set an “outperform” rating on the stock in a report on Tuesday, March 25th. Evercore ISI raised their price target on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. B. Riley boosted their price objective on Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Finally, Wells Fargo & Company dropped their price target on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Five investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and a consensus target price of $147.28.

Airbnb Price Performance

ABNB opened at $113.97 on Friday. The stock’s 50-day moving average price is $134.16 and its 200 day moving average price is $133.65. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $166.74. The firm has a market cap of $71.86 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 3.52 and a beta of 1.15. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

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, topping the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, sell-side analysts expect that Airbnb, Inc. will post 4.31 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.