Twin Capital Management Inc. Increases Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Twin Capital Management Inc. boosted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,922 shares of the company’s stock after acquiring an additional 102 shares during the quarter. Twin Capital Management Inc.’s holdings in Airbnb were worth $515,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ABNB. CAP Partners LLC boosted its stake in shares of 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 period. Lindbrook Capital LLC boosted its position in Airbnb by 1.4% in the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock valued at $728,000 after buying an additional 78 shares during the last quarter. Manchester Capital Management LLC boosted its position in Airbnb by 18.2% in the 4th 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 last quarter. Salvus Wealth Management LLC grew 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 acquiring an additional 84 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its position in shares of Airbnb by 2.3% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 4,285 shares of the company’s stock worth $565,000 after acquiring an additional 95 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Activity at Airbnb

In other Airbnb news, CEO Brian Chesky sold 230,772 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the sale, the chief executive officer now directly owns 12,000,913 shares of the company’s stock, valued at $1,934,067,139.08. The trade was a 1.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $119.67, for a total value of $83,769.00. Following the transaction, the chief technology officer now owns 170,019 shares in the company, valued at $20,346,173.73. This represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,030,357 shares of company stock worth $284,351,868 in the last quarter. 27.83% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays increased their price target on Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a report on Friday, February 14th. B. Riley raised their price target on shares of Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Hsbc Global Res upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. UBS Group boosted their target price on shares of Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Finally, HSBC upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $147.41.

Airbnb Stock Down 0.3 %

ABNB stock opened at $106.30 on Tuesday. 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 firm has a market cap of $67.03 billion, a PE ratio of 25.74, a P/E/G ratio of 3.52 and a beta of 1.15. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $166.74. The firm has a 50 day simple moving average of $133.30 and a 200 day simple moving average of $133.58.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 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%. Equities research analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

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.