Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd grew its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 82.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,430 shares of the company’s stock after acquiring an additional 10,128 shares during the period. Vinva Investment Management Ltd’s holdings in Airbnb were worth $2,956,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. CAP Partners LLC grew its stake in shares of Airbnb by 3.6% in the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock worth $293,000 after acquiring an additional 77 shares in the last quarter. Lindbrook Capital LLC grew its stake in shares of Airbnb by 1.4% in the fourth quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock worth $728,000 after acquiring an additional 78 shares in the last quarter. Manchester Capital Management LLC grew its stake in shares of Airbnb by 18.2% in the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock worth $69,000 after acquiring an additional 81 shares in the last quarter. Salvus Wealth Management LLC grew its stake in shares of Airbnb by 2.5% in the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock worth $455,000 after acquiring an additional 84 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of Airbnb by 19.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock worth $74,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Bank of America lifted their price objective on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. DA Davidson lifted their price objective on shares of Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Truist Financial decreased their price objective on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Canaccord Genuity Group lifted their price objective on shares of Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Wedbush reissued an “outperform” rating and issued a $155.00 price target on shares of Airbnb in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $148.15.

Insiders Place Their Bets

In other news, CEO Brian Chesky sold 38,461 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $126.60, for a total value of $4,869,162.60. Following the sale, the chief executive officer now directly owns 11,770,144 shares in the company, valued at $1,490,100,230.40. This represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $137.00, for a total transaction of $856,250.00. Following the completion of the sale, the chief financial officer now owns 491,238 shares in the company, valued at $67,299,606. This represents a 1.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,093,670 shares of company stock worth $294,812,710. 27.83% of the stock is owned by company insiders.

Airbnb Trading Up 1.2 %

Shares of ABNB opened at $126.00 on Thursday. 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 firm’s 50-day moving average is $135.83 and its two-hundred day moving average is $133.14. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The firm has a market capitalization of $79.45 billion, a P/E ratio of 30.51, a PEG ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share 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%. On average, research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Airbnb Company 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.