Park Place Capital Corp acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 584 shares of the company’s stock, valued at approximately $77,000.
Several other institutional investors have also added to or reduced their stakes in ABNB. Edgewood Management LLC raised its holdings in shares of Airbnb by 9.2% in the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after purchasing an additional 1,143,464 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Airbnb by 1.6% during the third quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock worth $1,189,635,000 after purchasing an additional 146,761 shares during the last quarter. Pacer Advisors Inc. grew its position in Airbnb by 6,085.6% in the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after purchasing an additional 4,172,985 shares in the last quarter. Legal & General Group Plc increased its stake in Airbnb by 4.7% in the 2nd quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock valued at $519,044,000 after buying an additional 153,784 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Airbnb by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock worth $343,185,000 after buying an additional 52,358 shares in the last quarter. 80.76% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. Morgan Stanley raised their price objective on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Benchmark reaffirmed a “buy” rating and set a $155.00 price target on shares of Airbnb in a research report on Friday, November 8th. Robert W. Baird upped their price objective on Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Raymond James assumed coverage on shares of Airbnb in a report on Friday, September 27th. They set a “market perform” rating and a $134.00 target price on the stock. Finally, Jefferies Financial Group increased their price target on shares of Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $139.63.
Airbnb Stock Down 0.4 %
Shares of NASDAQ ABNB opened at $132.50 on Thursday. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The stock’s fifty day moving average is $134.10 and its 200 day moving average is $131.55. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market capitalization of $84.00 billion, a P/E ratio of 46.49, a PEG ratio of 1.83 and a beta of 1.13.
Airbnb (NASDAQ:ABNB – Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter in the previous year, the firm posted $2.39 earnings per share. Sell-side analysts forecast that Airbnb, Inc. will post 3.98 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Airbnb news, CAO David C. Bernstein sold 1,000 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the completion of the transaction, the chief accounting officer now owns 40,581 shares of the company’s stock, valued at approximately $5,559,597. The trade was a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $128.95, for a total transaction of $27,632,050.75. Following the completion of the sale, the director now owns 1,071,430 shares in the company, valued at approximately $138,160,898.50. The trade was a 16.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,130,382 shares of company stock worth $150,441,919 over the last three months. Insiders own 27.83% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Airbnb
- Why is the Ex-Dividend Date Significant to Investors?
- Oracle Announces Game-Changing News for the AI Industry
- Conference Calls and Individual Investors
- Netflix Adds 19 Million Subscribers, Growth Is Far From Over
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Tempus AI: A Game-Changer in AI-Powered Healthcare
Want to see what other hedge funds are holding ABNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Airbnb, Inc. (NASDAQ:ABNB – Free Report).
Receive News & Ratings for Airbnb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airbnb and related companies with MarketBeat.com's FREE daily email newsletter.