Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. grew its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 16.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,795 shares of the company’s stock after purchasing an additional 8,542 shares during the period. Pacer Advisors Inc.’s holdings in Airbnb were worth $8,140,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ABNB. Vanguard Group Inc. increased its position in Airbnb by 43.0% during the 3rd quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock worth $4,697,896,000 after purchasing an additional 10,301,746 shares during the period. Norges Bank purchased a new stake in shares of Airbnb during the 4th quarter worth approximately $332,438,000. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Airbnb during the 3rd quarter worth approximately $235,338,000. Northern Trust Corp boosted its stake in shares of Airbnb by 41.3% during the 3rd quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock worth $598,745,000 after acquiring an additional 1,276,456 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Airbnb during the 1st quarter worth approximately $173,967,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Trading Down 0.6 %

ABNB stock opened at $166.41 on Thursday. The company has a market cap of $107.68 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 2.13 and a beta of 1.25. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $154.37 and a 200-day simple moving average of $139.70. Airbnb, Inc. has a 52 week low of $103.55 and a 52 week high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. On average, equities research analysts expect that Airbnb, Inc. will post 4.68 EPS for the current year.

Insider Activity at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 2,750 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $134.43, for a total value of $369,682.50. Following the completion of the transaction, the chief technology officer now directly owns 156,646 shares of the company’s stock, valued at approximately $21,057,921.78. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CTO Aristotle N. Balogh sold 2,750 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $134.43, for a total transaction of $369,682.50. Following the transaction, the chief technology officer now owns 156,646 shares of the company’s stock, valued at $21,057,921.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dave Stephenson sold 25,000 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $134.43, for a total transaction of $3,360,750.00. Following the transaction, the chief financial officer now directly owns 98,828 shares in the company, valued at approximately $13,285,448.04. The disclosure for this sale can be found here. In the last three months, insiders sold 856,222 shares of company stock worth $126,839,880. Corporate insiders own 30.84% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the topic of several research analyst reports. Needham & Company LLC boosted their price target on Airbnb from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Wedbush reissued a “neutral” rating and set a $160.00 price target (up previously from $150.00) on shares of Airbnb in a research note on Wednesday, February 14th. UBS Group reduced their target price on Airbnb from $148.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. BMO Capital Markets upped their target price on Airbnb from $134.00 to $135.00 and gave the company a “market perform” rating in a research note on Wednesday, February 14th. Finally, Jefferies Financial Group lowered Airbnb from a “buy” rating to a “hold” rating and reduced their target price for the company from $155.00 to $140.00 in a research note on Wednesday, November 29th. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $144.96.

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.