Edgestream Partners L.P. Buys 27,950 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Edgestream Partners L.P. increased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 394.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,038 shares of the company’s stock after buying an additional 27,950 shares during the quarter. Edgestream Partners L.P.’s holdings in Airbnb were worth $4,604,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Edgewood Management LLC lifted its position in shares of Airbnb by 9.2% during the 3rd 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 period. Geode Capital Management LLC raised its position in Airbnb by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock valued at $1,189,635,000 after purchasing an additional 146,761 shares during the last quarter. Pacer Advisors Inc. raised its position in Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after purchasing an additional 4,172,985 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Airbnb by 3.1% in the 4th 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 last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Airbnb by 3.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,360,004 shares of the company’s stock valued at $299,272,000 after purchasing an additional 80,610 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

ABNB has been the subject of several research analyst reports. UBS Group lifted their price objective on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Bank of America lifted their price objective on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. lifted their price objective on Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Gordon Haskett upgraded Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective for the company in a research report on Friday, February 14th. Finally, The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating and lifted their target price for the company from $110.00 to $153.00 in a research note on Friday, February 14th. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $146.48.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 20,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $131.87, for a total value of $2,637,400.00. Following the sale, the chief technology officer now directly owns 185,414 shares in the company, valued at $24,450,544.18. The trade was a 9.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $140.10, for a total value of $875,625.00. Following the completion of the sale, the chief financial officer now owns 449,463 shares in the company, valued at approximately $62,969,766.30. This trade represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,093,970 shares of company stock worth $296,365,992 over the last three months. Corporate insiders own 27.83% of the company’s stock.

Airbnb Stock Down 0.3 %

NASDAQ:ABNB opened at $134.39 on Friday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market cap of $84.74 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 3.52 and a beta of 1.10. The stock has a 50-day moving average price of $136.92 and a two-hundred day moving average price of $132.44.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (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 expect that Airbnb, Inc. will post 4.31 earnings per share for the current 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.