HS Management Partners LLC Buys 40,130 Shares of Airbnb, Inc. (NASDAQ:ABNB)

HS Management Partners LLC raised its stake in Airbnb, Inc. (NASDAQ:ABNB) by 13.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 338,525 shares of the company’s stock after acquiring an additional 40,130 shares during the period. Airbnb comprises 3.1% of HS Management Partners LLC’s holdings, making the stock its 18th largest position. HS Management Partners LLC’s holdings in Airbnb were worth $44,486,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CAP Partners LLC lifted its position in Airbnb by 3.6% in the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock valued at $293,000 after purchasing an additional 77 shares during the last quarter. Manchester Capital Management LLC increased its stake in shares of Airbnb by 18.2% during the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock valued at $69,000 after buying an additional 81 shares during the period. Salvus Wealth Management LLC increased its stake in shares of Airbnb by 2.5% during the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after buying an additional 84 shares during the period. First Horizon Advisors Inc. grew its stake in Airbnb by 19.3% in the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock worth $74,000 after purchasing an additional 94 shares during the period. Finally, Commerzbank Aktiengesellschaft FI grew its stake in Airbnb by 2.3% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 4,285 shares of the company’s stock worth $565,000 after purchasing an additional 95 shares during the period. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ABNB shares. Argus raised Airbnb from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a report on Friday, February 14th. Morgan Stanley raised their price target on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a report on Monday, January 13th. UBS Group raised their price target on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Finally, Piper Sandler raised their price target on Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $146.48.

Insider Activity

In related news, insider Nathan Blecharczyk sold 183,078 shares of Airbnb stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the sale, the insider now owns 164,850 shares of the company’s stock, valued at approximately $26,046,300. This trade represents a 52.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $161.16, for a total value of $37,191,215.52. Following the sale, the chief executive officer now directly owns 12,000,913 shares in the company, valued at $1,934,067,139.08. This trade represents a 1.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,087,020 shares of company stock valued at $295,392,297 in the last ninety days. Corporate insiders own 27.83% of the company’s stock.

Airbnb Stock Up 0.8 %

ABNB stock opened at $142.58 on Thursday. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market cap of $89.90 billion, a P/E ratio of 34.52, a PEG ratio of 3.52 and a beta of 1.10. The business’s 50-day moving average price is $136.93 and its 200-day moving average price is $132.43.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, equities research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

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.