Bfsg LLC Takes Position in Airbnb, Inc. (NASDAQ:ABNB)

Bfsg LLC bought a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 200 shares of the company’s stock, valued at approximately $27,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Airbnb by 43.0% during the third quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock valued at $4,697,896,000 after acquiring an additional 10,301,746 shares during the last quarter. Northern Trust Corp lifted its position in Airbnb by 41.3% during the third quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock valued at $598,745,000 after acquiring an additional 1,276,456 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Airbnb by 5.0% in the third quarter. Legal & General Group Plc now owns 2,568,807 shares of the company’s stock worth $352,466,000 after buying an additional 121,651 shares during the last quarter. Alphinity Investment Management Pty Ltd raised its holdings in shares of Airbnb by 48.3% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 2,496,885 shares of the company’s stock worth $339,926,000 after buying an additional 813,074 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Airbnb by 69.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,301,395 shares of the company’s stock worth $315,774,000 after buying an additional 943,520 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Up 0.7 %

Shares of NASDAQ ABNB opened at $164.23 on Friday. The company’s 50-day simple moving average is $160.44 and its 200-day simple moving average is $143.42. Airbnb, Inc. has a 52-week low of $103.55 and a 52-week high of $170.10. The firm has a market cap of $106.27 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 2.08 and a beta of 1.25. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. Equities analysts predict that Airbnb, Inc. will post 4.65 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. DA Davidson reaffirmed a “neutral” rating and issued a $145.00 price target on shares of Airbnb in a report on Friday, March 15th. Tigress Financial raised their price target on shares of Airbnb from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, April 5th. BMO Capital Markets raised their price target on shares of Airbnb from $134.00 to $135.00 and gave the stock a “market perform” rating in a report on Wednesday, February 14th. Piper Sandler raised their price target on shares of Airbnb from $136.00 to $145.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Finally, UBS Group decreased their price target on shares of Airbnb from $148.00 to $143.00 and set a “neutral” rating for the company in a report on Wednesday, February 14th. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, Airbnb has a consensus rating of “Hold” and an average target price of $149.19.

Insider Activity

In other news, insider Nathan Blecharczyk sold 60,000 shares of Airbnb stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $146.58, for a total value of $8,794,800.00. Following the sale, the insider now owns 473,762 shares in the company, valued at $69,444,033.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Nathan Blecharczyk sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $146.58, for a total value of $8,794,800.00. Following the transaction, the insider now directly owns 473,762 shares of the company’s stock, valued at $69,444,033.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 75,500 shares of Airbnb stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $155.31, for a total transaction of $11,725,905.00. Following the transaction, the chief technology officer now directly owns 146,131 shares in the company, valued at $22,695,605.61. The disclosure for this sale can be found here. Insiders have sold a total of 456,274 shares of company stock worth $72,410,859 over the last 90 days. 30.84% of the stock is currently owned by company insiders.

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.