Airbnb, Inc. (NASDAQ:ABNB) Stock Holdings Cut by Alberta Investment Management Corp

Alberta Investment Management Corp reduced its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 39.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,571 shares of the company’s stock after selling 29,800 shares during the quarter. Alberta Investment Management Corp’s holdings in Airbnb were worth $6,120,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ABNB. Pacer Advisors Inc. boosted its stake in Airbnb by 6,085.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after purchasing an additional 4,172,985 shares in the last quarter. Meritage Group LP acquired a new stake in shares of Airbnb during the 3rd quarter valued at $160,985,000. Principal Financial Group Inc. lifted its position in shares of Airbnb by 174.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock valued at $245,268,000 after acquiring an additional 1,185,892 shares during the last quarter. Edgewood Management LLC lifted its position in shares of Airbnb by 9.2% during 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. Finally, International Assets Investment Management LLC lifted its position in shares of Airbnb by 19,430.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock valued at $1,419,610,000 after acquiring an additional 1,113,747 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Airbnb Trading Down 1.7 %

Airbnb stock opened at $157.83 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The business’s 50-day simple moving average is $134.80 and its 200-day simple moving average is $130.65. The firm has a market capitalization of $100.06 billion, a PE ratio of 38.22, a PEG ratio of 2.38 and a beta of 1.12. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data 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 forecast that Airbnb, Inc. will post 4.27 earnings per share for the current year.

Wall Street Analyst Weigh In

ABNB has been the subject of a number of recent research reports. The Goldman Sachs Group upgraded Airbnb from a “sell” rating to a “neutral” rating and increased their price objective for the company from $110.00 to $153.00 in a research report on Friday, February 14th. B. Riley increased their target price on Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Morgan Stanley increased their target price on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Wedbush restated an “outperform” rating and issued a $155.00 target price on shares of Airbnb in a report on Tuesday, February 4th. Finally, Bank of America increased their target price on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $147.00.

Insider Activity at Airbnb

In related news, CEO Brian Chesky sold 76,923 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the transaction, the chief executive officer now directly owns 12,616,300 shares in the company, valued at $1,765,525,022. The trade was a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Aristotle N. Balogh sold 500 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $136.01, for a total value of $68,005.00. Following the transaction, the chief technology officer now owns 185,414 shares in the company, valued at $25,218,158.14. This represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,834,455 shares of company stock worth $256,987,686 over the last three months. Company insiders own 27.83% of the company’s stock.

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.