Sarasin & Partners LLP Makes New $2.27 Million Investment in Airbnb, Inc. (NASDAQ:ABNB)

Sarasin & Partners LLP bought a new position in Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 17,286 shares of the company’s stock, valued at approximately $2,272,000.

Other hedge funds have also recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new stake in shares of Airbnb during the 3rd quarter valued at $25,000. Hollencrest Capital Management grew its position in shares of Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Airbnb during the 3rd quarter valued at $30,000. Quarry LP bought a new stake in shares of Airbnb during the 3rd quarter valued at $55,000. Finally, CVA Family Office LLC grew its position in shares of Airbnb by 131.2% during the 3rd quarter. CVA Family Office LLC now owns 474 shares of the company’s stock valued at $60,000 after acquiring an additional 269 shares during the period. Institutional investors own 80.76% of the company’s stock.

Insider Activity

In other news, insider Nathan Blecharczyk sold 9,603 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the transaction, the insider now directly owns 164,850 shares in the company, valued at approximately $21,466,767. This trade represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Gebbia sold 11,635 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the transaction, the director now owns 16,472 shares in the company, valued at approximately $2,259,958.40. This represents a 41.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,130,982 shares of company stock worth $150,523,585. Corporate insiders own 27.83% of the company’s stock.

Airbnb Price Performance

Shares of ABNB stock opened at $135.12 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The company has a market capitalization of $85.66 billion, a P/E ratio of 47.41, a P/E/G ratio of 1.63 and a beta of 1.13. The company’s 50-day simple moving average is $134.16 and its two-hundred day simple moving average is $131.95. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter in the prior year, the company earned $2.39 earnings per share. As a group, equities analysts anticipate that Airbnb, Inc. will post 3.99 EPS for the current year.

Analysts Set New Price Targets

ABNB has been the subject of a number of recent research reports. Bank of America boosted their price objective on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Cantor Fitzgerald reaffirmed an “underweight” rating and issued a $94.00 target price on shares of Airbnb in a report on Monday, October 7th. Robert W. Baird upped their target price on shares of Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Raymond James began coverage on shares of Airbnb in a report on Friday, September 27th. They issued a “market perform” rating and a $134.00 target price for the company. Finally, Susquehanna upped their target price on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a report on Monday, November 11th. Six research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Airbnb currently has an average rating of “Hold” and a consensus price target of $139.63.

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.