Airbnb, Inc. (NASDAQ:ABNB) Position Lessened by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership reduced its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 10.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,264,655 shares of the company’s stock after selling 150,632 shares during the quarter. Artisan Partners Limited Partnership owned about 0.20% of Airbnb worth $166,188,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Meritage Group LP acquired a new stake in shares of Airbnb in the 3rd quarter worth about $160,985,000. Principal Financial Group Inc. boosted its position in shares of Airbnb by 174.3% during 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 period. Temasek Holdings Private Ltd increased its position in Airbnb by 91.3% in the 3rd 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 period. Parnassus Investments LLC raised its stake in Airbnb by 8,324.9% during the 4th quarter. Parnassus Investments LLC now owns 655,539 shares of the company’s stock valued at $86,144,000 after acquiring an additional 647,758 shares in the last quarter. Finally, Trivest Advisors Ltd grew its stake in shares of Airbnb by 137.3% in the fourth quarter. Trivest Advisors Ltd now owns 849,500 shares of the company’s stock worth $111,633,000 after purchasing an additional 491,500 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Price Performance

Shares of Airbnb stock opened at $128.64 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market cap of $81.11 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. The firm has a fifty day moving average price of $135.71 and a two-hundred day moving average price of $133.60. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $169.11.

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

Insider Buying and Selling at Airbnb

In other news, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $135.82, for a total value of $5,223,773.02. Following the completion of the transaction, the chief executive officer now owns 12,498,908 shares in the company, valued at approximately $1,697,601,684.56. The trade was a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nathan Blecharczyk sold 183,078 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the completion of the transaction, the insider now directly owns 164,850 shares in the company, valued at $26,046,300. The trade was a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,055,909 shares of company stock valued at $289,763,290. 27.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ABNB has been the subject of several recent research reports. HSBC raised shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Hsbc Global Res raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Gordon Haskett upgraded Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price target on the stock in a report on Friday, February 14th. Benchmark upped their price target on Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Canaccord Genuity Group raised their price objective on Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Airbnb currently has an average rating of “Hold” and an average price target of $147.36.

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.