Airbnb, Inc. (NASDAQ:ABNB) is Geo Capital Gestora de Recursos Ltd’s 2nd Largest Position

Geo Capital Gestora de Recursos Ltd decreased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 42.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,910 shares of the company’s stock after selling 35,112 shares during the quarter. Airbnb accounts for approximately 8.1% of Geo Capital Gestora de Recursos Ltd’s portfolio, making the stock its 2nd largest position. Geo Capital Gestora de Recursos Ltd’s holdings in Airbnb were worth $6,296,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ABNB. Meritage Group LP purchased a new position in shares of Airbnb during the third quarter worth about $160,985,000. Principal Financial Group Inc. lifted its position in Airbnb by 174.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock worth $245,268,000 after buying an additional 1,185,892 shares during the last quarter. Edgewood Management LLC lifted its position in Airbnb by 9.2% in the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after buying an additional 1,143,464 shares during the last quarter. Temasek Holdings Private Ltd lifted its position in Airbnb by 91.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock worth $294,726,000 after buying an additional 1,109,076 shares during the last quarter. Finally, Parnassus Investments LLC lifted its position in Airbnb by 8,324.9% in the 4th quarter. Parnassus Investments LLC now owns 655,539 shares of the company’s stock worth $86,144,000 after buying an additional 647,758 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ABNB shares. Robert W. Baird upgraded Airbnb from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $140.00 to $175.00 in a research report on Friday, February 14th. Argus upgraded Airbnb from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Truist Financial dropped their target price on Airbnb from $123.00 to $112.00 and set a “hold” rating for the company in a research report on Friday. Benchmark boosted their target price on Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group upgraded Airbnb from a “hold” rating to a “buy” rating and boosted their price objective for the company from $165.00 to $185.00 in a research report on Monday, March 10th. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $147.82.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $128.80 on Friday. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The business has a fifty day moving average price of $135.72 and a 200-day moving average price of $133.18. The company has a market capitalization of $81.21 billion, a PE ratio of 31.19, a PEG ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. As a group, equities analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $135.35, for a total value of $94,745.00. Following the completion of the sale, the chief technology officer now directly owns 184,714 shares in the company, valued at approximately $25,001,039.90. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $133.58, for a total value of $5,137,620.38. Following the completion of the sale, the chief executive officer now owns 12,537,369 shares of the company’s stock, valued at $1,674,741,751.02. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,094,370 shares of company stock worth $294,900,910 over the last three months. 27.83% of the stock is currently owned by corporate insiders.

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.