Airbnb, Inc. (NASDAQ:ABNB) is Trivest Advisors Ltd’s 6th Largest Position

Trivest Advisors Ltd grew its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 137.3% in the fourth quarter, HoldingsChannel reports. The fund owned 849,500 shares of the company’s stock after buying an additional 491,500 shares during the quarter. Airbnb makes up about 5.1% of Trivest Advisors Ltd’s portfolio, making the stock its 6th largest position. Trivest Advisors Ltd’s holdings in Airbnb were worth $111,633,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Kazazian Asset Management LLC purchased a new position in Airbnb during the fourth quarter worth approximately $3,004,000. Investment House LLC purchased a new position in shares of Airbnb in the 4th quarter worth $2,614,000. Harvest Fund Management Co. Ltd boosted its holdings in Airbnb by 23.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 25,633 shares of the company’s stock valued at $3,338,000 after acquiring an additional 4,919 shares during the last quarter. Vinva Investment Management Ltd grew its position in Airbnb by 82.3% during the fourth quarter. Vinva Investment Management Ltd now owns 22,430 shares of the company’s stock valued at $2,956,000 after acquiring an additional 10,128 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its stake in Airbnb by 63.3% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 41,487 shares of the company’s stock worth $5,462,000 after acquiring an additional 16,086 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Brian Chesky sold 230,772 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the completion of the transaction, the chief executive officer now owns 12,000,913 shares of the company’s stock, valued at approximately $1,934,067,139.08. This represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $135.94, for a total transaction of $29,129,902.90. Following the completion of the sale, the director now directly owns 1,285,715 shares of the company’s stock, valued at $174,780,097.10. The trade was a 14.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,055,209 shares of company stock valued at $289,943,548 in the last quarter. Company insiders own 27.83% of the company’s stock.

Airbnb Price Performance

ABNB opened at $124.56 on Wednesday. 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 company’s 50-day moving average price is $135.93 and its 200 day moving average price is $133.20. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm has a market cap of $78.54 billion, a price-to-earnings ratio of 30.16, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) 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%. As a group, sell-side analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Benchmark lifted their price objective on Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Evercore ISI boosted their price objective on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a research note on Wednesday, January 15th. Jefferies Financial Group raised shares of Airbnb from a “hold” rating to a “buy” rating and raised their target price for the company from $165.00 to $185.00 in a research note on Monday, March 10th. The Goldman Sachs Group raised shares of Airbnb from a “sell” rating to a “neutral” rating and upped their price target for the stock from $110.00 to $153.00 in a research report on Friday, February 14th. Finally, UBS Group raised their price objective on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Airbnb has an average rating of “Hold” and an average target price of $148.15.

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.