Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Nemes Rush Group LLC

Nemes Rush Group LLC raised its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,338 shares of the company’s stock after acquiring an additional 121 shares during the period. Nemes Rush Group LLC’s holdings in Airbnb were worth $964,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. 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 worth $1,189,635,000 after buying an additional 146,761 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Airbnb by 147.3% during the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock worth $571,505,000 after acquiring an additional 2,590,475 shares during the period. Norges Bank acquired a new position in shares of Airbnb during the 4th quarter valued at about $433,374,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Airbnb by 3.1% in 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 purchasing an additional 84,348 shares during the period. Finally, Temasek Holdings Private Ltd increased its position in Airbnb by 91.3% during the third quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock worth $294,726,000 after purchasing an additional 1,109,076 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Stock Down 1.0 %

ABNB stock opened at $119.46 on Tuesday. The stock has a market cap of $75.32 billion, a P/E ratio of 28.92, a PEG ratio of 3.52 and a beta of 1.10. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $166.74. The company’s 50 day moving average is $134.98 and its two-hundred day moving average is $133.85.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping 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 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ABNB. Bank of America boosted their target price on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Baird R W upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Jefferies Financial Group raised Airbnb from a “hold” rating to a “buy” rating and raised their target price for the stock from $165.00 to $185.00 in a research note on Monday, March 10th. Barclays upped their price target on Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a research note on Friday, February 14th. Finally, Argus raised Airbnb from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $147.36.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $129.38, for a total transaction of $27,724,193.30. Following the transaction, the director now directly owns 2,509,155 shares in the company, valued at approximately $324,634,473.90. This trade represents a 7.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $129.55, for a total transaction of $90,685.00. Following the completion of the sale, the chief technology officer now owns 170,719 shares of the company’s stock, valued at approximately $22,116,646.45. This trade represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,270,894 shares of company stock worth $317,578,168. Corporate insiders own 27.83% of the company’s stock.

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.