Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by AlphaQuest LLC

AlphaQuest LLC increased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 31.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,795 shares of the company’s stock after acquiring an additional 661 shares during the period. AlphaQuest LLC’s holdings in Airbnb were worth $367,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Verde Capital Management lifted its position in shares of Airbnb by 25.3% during the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after buying an additional 4,269 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Airbnb during the third quarter valued at $34,982,000. Tri Ri Asset Management Corp acquired a new stake in shares of Airbnb in the third quarter valued at about $6,352,000. Baltimore Washington Financial Advisors Inc. increased its stake in shares of Airbnb by 14.8% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock worth $6,498,000 after purchasing an additional 6,357 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Airbnb by 40.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock worth $90,123,000 after purchasing an additional 197,558 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In other news, CEO Brian Chesky sold 38,461 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $133.58, for a total transaction of $5,137,620.38. Following the completion of the transaction, the chief executive officer now directly owns 12,537,369 shares of the company’s stock, valued at approximately $1,674,741,751.02. This represents a 0.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.80, for a total value of $27,171,338.00. Following the completion of the sale, the director now directly owns 214,290 shares of the company’s stock, valued at $27,171,972. This represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,269,494 shares of company stock worth $318,203,453. Company insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

Shares of Airbnb stock opened at $119.38 on Friday. The stock has a market capitalization of $75.27 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 3.52 and a beta of 1.10. The firm’s fifty day simple moving average is $136.49 and its 200-day simple moving average is $132.80. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly 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 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 year.

Wall Street Analysts Forecast Growth

ABNB has been the topic of several research analyst reports. Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Wedbush reissued an “outperform” rating and issued a $155.00 price objective on shares of Airbnb in a research note on Tuesday, February 4th. Morgan Stanley lifted their target price on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. Susquehanna increased their target price on shares of Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group raised shares of Airbnb from a “hold” rating to a “buy” rating and upped their price objective for the company from $165.00 to $185.00 in a research note on Monday. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $148.00.

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.