abrdn plc Has $23.62 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

abrdn plc increased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 69.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 173,500 shares of the company’s stock after purchasing an additional 71,239 shares during the quarter. abrdn plc’s holdings in Airbnb were worth $23,620,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CVA Family Office LLC acquired a new stake in Airbnb in the 4th quarter worth approximately $26,000. Orion Capital Management LLC acquired a new position in shares of Airbnb during the third quarter worth approximately $27,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Airbnb during the fourth quarter worth approximately $30,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Airbnb during the third quarter worth approximately $39,000. Finally, Financial Management Professionals Inc. lifted its holdings in shares of Airbnb by 518.4% during the fourth quarter. Financial Management Professionals Inc. now owns 303 shares of the company’s stock worth $41,000 after buying an additional 254 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Price Performance

Shares of ABNB stock opened at $160.95 on Wednesday. The stock has a 50-day moving average price of $159.80 and a 200 day moving average price of $142.89. 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 firm has a market cap of $104.15 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 1.99 and a beta of 1.25. Airbnb, Inc. has a 12 month low of $103.55 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. Research analysts expect that Airbnb, Inc. will post 4.63 EPS for the current year.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $163.00, for a total value of $97,800.00. Following the completion of the sale, the chief technology officer now directly owns 144,931 shares in the company, valued at $23,623,753. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $163.00, for a total transaction of $97,800.00. Following the transaction, the chief technology officer now owns 144,931 shares in the company, valued at $23,623,753. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CTO Aristotle N. Balogh sold 78,682 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $169.30, for a total value of $13,320,862.60. Following the transaction, the chief technology officer now owns 144,331 shares in the company, valued at approximately $24,435,238.30. The disclosure for this sale can be found here. Insiders sold a total of 463,674 shares of company stock worth $73,516,515 over the last three months. 30.84% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ABNB. B. Riley Financial began coverage on Airbnb in a report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price target for the company. 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. DA Davidson reaffirmed a “neutral” rating and issued a $145.00 target price on shares of Airbnb in a research report on Friday, March 15th. Mizuho raised their target price on Airbnb from $130.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research report on Thursday, April 11th. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $147.58.

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.