Signaturefd LLC Increases Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Signaturefd LLC lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,322 shares of the company’s stock after purchasing an additional 123 shares during the quarter. Signaturefd LLC’s holdings in Airbnb were worth $568,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ABNB. Pacer Advisors Inc. increased its stake in Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after acquiring an additional 4,172,985 shares during the last quarter. Meritage Group LP bought a new stake in Airbnb during the third quarter valued at approximately $160,985,000. Principal Financial Group Inc. grew its stake in Airbnb by 174.3% in the 4th 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 in the last quarter. Edgewood Management LLC increased its holdings in shares of Airbnb by 9.2% in 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 during 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 valued at $294,726,000 after buying an additional 1,109,076 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $130.18, for a total value of $91,126.00. Following the sale, the chief technology officer now owns 172,119 shares in the company, valued at $22,406,451.42. This represents a 0.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $133.58, for a total value of $5,137,620.38. Following the transaction, the chief executive officer now owns 12,537,369 shares of the company’s stock, valued at $1,674,741,751.02. The trade was a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,093,670 shares of company stock valued at $294,812,710 in the last three months. Company insiders own 27.83% of the company’s stock.

Airbnb Trading Up 1.2 %

ABNB opened at $126.00 on Thursday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The stock has a market cap of $79.45 billion, a PE ratio of 30.51, a PEG ratio of 3.52 and a beta of 1.10. The business has a 50 day moving average of $135.83 and a 200-day moving average of $133.14.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data 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%. Equities research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research report on Friday, February 14th. Susquehanna upped their price objective on Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a report on Tuesday, February 18th. Tigress Financial increased their price objective on Airbnb from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, March 14th. HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Finally, Canaccord Genuity Group increased their price target on shares of Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $148.15.

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.