Airbnb, Inc. (NASDAQ:ABNB) is Trinity Street Asset Management LLP’s 9th Largest Position

Trinity Street Asset Management LLP raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 12.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,762 shares of the company’s stock after purchasing an additional 20,384 shares during the quarter. Airbnb accounts for approximately 2.4% of Trinity Street Asset Management LLP’s portfolio, making the stock its 9th largest holding. Trinity Street Asset Management LLP’s holdings in Airbnb were worth $24,674,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ABNB. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Airbnb during the 3rd quarter valued at $34,982,000. Tri Ri Asset Management Corp acquired a new position in shares of Airbnb during the third quarter worth about $6,352,000. J.W. Cole Advisors Inc. boosted its position in shares of Airbnb by 86.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after buying an additional 2,132 shares during the period. Shellback Capital LP acquired a new stake in shares of Airbnb in the second quarter valued at about $22,744,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Airbnb by 40.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock valued at $90,123,000 after buying an additional 197,558 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Up 2.2 %

ABNB opened at $135.12 on Friday. The stock’s 50 day moving average price is $134.15 and its 200 day moving average price is $132.22. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The stock 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 12 month low of $110.38 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period in the previous year, the business posted $2.39 EPS. As a group, research analysts predict that Airbnb, Inc. will post 3.99 earnings per share for the current year.

Insider Activity at Airbnb

In other news, CAO David C. Bernstein sold 1,000 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the sale, 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 available at this link. Also, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $128.95, for a total value of $27,632,050.75. Following the completion of the transaction, the director now owns 1,071,430 shares of the company’s stock, valued at $138,160,898.50. This trade represents a 16.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,130,982 shares of company stock valued at $150,523,585 over the last 90 days. 27.83% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ABNB. Benchmark restated a “buy” rating and issued a $155.00 price target on shares of Airbnb in a report on Friday, November 8th. Evercore ISI upped their target price on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday. Cantor Fitzgerald reaffirmed an “underweight” rating and set a $94.00 price target on shares of Airbnb in a research note on Monday, October 7th. JMP Securities reissued a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. lifted their target price on Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Six analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $139.63.

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.