Aware Super Pty Ltd as trustee of Aware Super Takes $16.35 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Aware Super Pty Ltd as trustee of Aware Super bought a new stake in Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, HoldingsChannel reports. The firm bought 124,410 shares of the company’s stock, valued at approximately $16,349,000.

Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Airbnb in the 4th quarter valued at about $433,374,000. Clearbridge Investments LLC lifted its stake in Airbnb by 147.3% in the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock valued at $571,505,000 after buying an additional 2,590,475 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Airbnb by 174.3% during 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 in the last quarter. Parnassus Investments LLC grew its position in shares of Airbnb by 8,324.9% during 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 period. Finally, Renaissance Technologies LLC increased its stake in shares of Airbnb by 15.5% in the 4th quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company’s stock valued at $548,683,000 after acquiring an additional 558,856 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on ABNB shares. Wells Fargo & Company decreased their target price on Airbnb from $134.00 to $100.00 and set an “underweight” rating for the company in a research report on Monday, April 7th. Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. DA Davidson upped their target price on Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Evercore ISI lifted their price target on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research report on Wednesday, January 15th. Finally, Baird R W upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $146.56.

Airbnb Trading Down 1.2 %

ABNB stock opened at $113.22 on Tuesday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $166.74. The company’s 50-day simple moving average is $130.88 and its 200-day simple moving average is $132.76. The firm has a market cap of $71.39 billion, a P/E ratio of 27.41, a PEG ratio of 3.52 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last posted 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%. As a group, equities analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Nathan Blecharczyk sold 183,078 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the completion of the sale, the insider now directly owns 164,850 shares in the company, valued at approximately $26,046,300. The trade was a 52.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $129.21, for a total value of $27,687,764.85. Following the completion of the transaction, the director now owns 857,145 shares in the company, valued at $110,751,705.45. The trade was a 20.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,036,607 shares of company stock worth $280,762,098. Company 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.