Sarasin & Partners LLP Buys New Stake in Airbnb, Inc. (NASDAQ:ABNB)

Sarasin & Partners LLP 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 17,286 shares of the company’s stock, valued at approximately $2,272,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ABNB. Pacer Advisors Inc. lifted its position in Airbnb by 6,085.6% during the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after acquiring an additional 4,172,985 shares during the last quarter. Meritage Group LP purchased a new position in shares of Airbnb in the third quarter worth $160,985,000. Edgewood Management LLC raised its holdings in shares of Airbnb by 9.2% in the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after buying an additional 1,143,464 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Airbnb by 19,430.3% in the third quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock worth $1,419,610,000 after buying an additional 1,113,747 shares during the last quarter. Finally, Temasek Holdings Private Ltd raised its holdings in shares of Airbnb by 91.3% in the third quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock worth $294,726,000 after buying an additional 1,109,076 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on ABNB. Wells Fargo & Company decreased their price target on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a report on Thursday. Citigroup raised their price target on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Bank of America raised their price target on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Evercore ISI raised their target price on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a report on Wednesday, January 15th. Finally, Cantor Fitzgerald reissued an “underweight” rating and set a $94.00 target price on shares of Airbnb in a report on Monday, October 7th. Six equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $139.63.

Insider Transactions at Airbnb

In other Airbnb news, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $137.00, for a total transaction of $137,000.00. Following the transaction, the chief accounting officer now directly owns 40,581 shares of the company’s stock, valued at $5,559,597. The trade was a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $129.82, for a total transaction of $90,874.00. Following the transaction, the chief technology officer now directly owns 184,014 shares in the company, valued at $23,888,697.48. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,130,982 shares of company stock valued at $150,523,585. Corporate insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

NASDAQ:ABNB opened at $135.12 on Monday. The company’s 50-day moving average price is $134.16 and its 200-day moving average price is $131.95. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a market cap of $85.66 billion, a P/E ratio of 47.41, a P/E/G ratio of 1.63 and a beta of 1.13. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the prior year, the business posted $2.39 earnings per share. On average, sell-side analysts forecast that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Airbnb 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.