Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 17.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,489 shares of the company’s stock after purchasing an additional 5,072 shares during the quarter. QRG Capital Management Inc.’s holdings in Airbnb were worth $4,532,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. CAP Partners LLC boosted its position in shares of Airbnb by 3.6% during the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock valued at $293,000 after acquiring an additional 77 shares during the last quarter. Manchester Capital Management LLC raised its stake in Airbnb by 18.2% during the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock worth $69,000 after purchasing an additional 81 shares during the period. Salvus Wealth Management LLC boosted its holdings in Airbnb by 2.5% in the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after purchasing an additional 84 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of Airbnb by 19.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock valued at $74,000 after buying an additional 94 shares during the period. Finally, Kingsview Wealth Management LLC increased its holdings in shares of Airbnb by 2.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock worth $468,000 after buying an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ABNB shares. Robert W. Baird upgraded Airbnb from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $140.00 to $175.00 in a research report on Friday, February 14th. UBS Group increased their price target on Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. B. Riley raised their price objective on Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Susquehanna upped their target price on shares of Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Five analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $146.48.

Insider Activity

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total value of $89,705.00. Following the completion of the transaction, the chief technology officer now owns 182,614 shares in the company, valued at $23,401,984.10. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Brian Chesky sold 38,461 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $137.49, for a total value of $5,288,002.89. Following the transaction, the chief executive officer now directly owns 12,577,839 shares in the company, valued at approximately $1,729,327,084.11. The trade was a 0.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,117,468 shares of company stock worth $299,565,586. Corporate insiders own 27.83% of the company’s stock.

Airbnb Trading Down 0.4 %

NASDAQ:ABNB opened at $138.87 on Friday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The stock has a market cap of $87.56 billion, a P/E ratio of 33.62, a P/E/G ratio of 3.52 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a 50-day simple moving average of $136.52 and a 200-day simple moving average of $131.81.

Airbnb (NASDAQ:ABNB) last announced its quarterly 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, analysts anticipate that Airbnb, Inc. will post 4.31 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.