Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC raised its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 12.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,674 shares of the company’s stock after purchasing an additional 1,668 shares during the period. NewEdge Wealth LLC’s holdings in Airbnb were worth $1,928,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of 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 during the period. Meritage Group LP acquired a new position in Airbnb during the 3rd quarter valued at about $160,985,000. Principal Financial Group Inc. boosted its stake in 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 purchasing an additional 1,185,892 shares during the period. Edgewood Management LLC raised 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 worth $1,722,388,000 after buying an additional 1,143,464 shares in the last quarter. Finally, Temasek Holdings Private Ltd raised its position in shares of Airbnb by 91.3% during the 3rd 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.

Airbnb Stock Performance

Shares of ABNB opened at $138.87 on Friday. The company’s 50 day moving average price is $136.52 and its 200 day moving average price is $131.91. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a market capitalization of $87.56 billion, a PE ratio of 33.62, a PEG ratio of 3.52 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, February 13th. The company reported $0.73 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%. Research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Airbnb news, insider Nathan Blecharczyk sold 26,154 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $145.00, for a total value of $3,792,330.00. Following the completion of the sale, the insider now directly owns 159,337 shares of the company’s stock, valued at $23,103,865. The trade was a 14.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total transaction of $89,705.00. Following the completion of the sale, the chief technology officer now directly owns 182,614 shares of the company’s stock, valued at $23,401,984.10. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,117,468 shares of company stock valued at $299,565,586 over the last ninety days. Corporate insiders own 27.83% of the company’s stock.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of recent analyst reports. Hsbc Global Res upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. UBS Group boosted their price target on shares of Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Truist Financial dropped their price target on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research report on Wednesday, December 4th. Morgan Stanley boosted their price target on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. Finally, Baird R W upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Airbnb presently has a consensus rating of “Hold” and a consensus price target of $146.48.

Airbnb 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.