Intech Investment Management LLC Grows Stake in Airbnb, Inc. (NASDAQ:ABNB)

Intech Investment Management LLC boosted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 121.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,808 shares of the company’s stock after buying an additional 4,279 shares during the quarter. Intech Investment Management LLC’s holdings in Airbnb were worth $1,026,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in Airbnb by 1.6% during the third quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock valued at $1,189,635,000 after purchasing an additional 146,761 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Airbnb by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,790,644 shares of the company’s stock valued at $366,719,000 after acquiring an additional 84,348 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Airbnb by 3.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,360,004 shares of the company’s stock valued at $299,272,000 after acquiring an additional 80,610 shares during the period. Temasek Holdings Private Ltd raised its holdings in Airbnb by 91.3% during the third quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock valued at $294,726,000 after acquiring an additional 1,109,076 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Airbnb by 174.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock valued at $245,268,000 after acquiring an additional 1,185,892 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Price Performance

NASDAQ:ABNB opened at $128.80 on Friday. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $81.21 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 3.52 and a beta of 1.10. The firm’s fifty day moving average is $135.72 and its two-hundred day moving average is $133.30.

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

Insider Transactions at Airbnb

In other news, CEO Brian Chesky sold 38,461 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $133.58, for a total transaction of $5,137,620.38. Following the sale, the chief executive officer now directly owns 12,537,369 shares of the company’s stock, valued at $1,674,741,751.02. This represents a 0.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $126.00, for a total transaction of $88,200.00. Following the sale, the chief technology officer now directly owns 171,419 shares in the company, valued at approximately $21,598,794. The trade was a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,094,370 shares of company stock valued at $294,900,910 in the last ninety days. 27.83% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Evercore ISI raised their price target on Airbnb to $155.00 and gave the company a “hold” rating in a report on Wednesday, January 15th. UBS Group lifted their target price on Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Gordon Haskett raised Airbnb from a “sell” rating to a “hold” rating and set a $143.00 target price on the stock in a report on Friday, February 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a report on Friday, February 14th. Finally, Truist Financial reduced their target price on Airbnb from $123.00 to $112.00 and set a “hold” rating on the stock in a report on Friday. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $147.82.

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.