Victory Capital Management Inc. Purchases 67,023 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Victory Capital Management Inc. boosted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 9.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 783,253 shares of the company’s stock after purchasing an additional 67,023 shares during the period. Victory Capital Management Inc. owned about 0.12% of Airbnb worth $102,927,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in Airbnb during the 4th quarter valued at about $25,000. Berbice Capital Management LLC bought a new position in Airbnb during the 4th quarter valued at about $26,000. Hollencrest Capital Management lifted its holdings in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Airbnb in the 3rd quarter valued at about $30,000. Finally, Whipplewood Advisors LLC acquired a new stake in Airbnb in the 4th quarter valued at about $44,000. 80.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on ABNB. Bank of America raised their price objective on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Morgan Stanley raised their price objective on shares of Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research report on Monday, January 13th. HSBC upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Truist Financial lowered 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. Finally, Susquehanna raised their price objective 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. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $146.48.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $135.35, for a total transaction of $94,745.00. Following the transaction, the chief technology officer now directly owns 184,714 shares in the company, valued at approximately $25,001,039.90. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 26,154 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $145.00, for a total transaction of $3,792,330.00. Following the transaction, the insider now owns 159,337 shares in the company, valued at approximately $23,103,865. The trade was a 14.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,087,020 shares of company stock valued at $295,392,297 over the last 90 days. 27.83% of the stock is owned by corporate insiders.

Airbnb Stock Performance

Shares of ABNB stock opened at $142.58 on Thursday. The company’s fifty day simple moving average is $136.93 and its 200-day simple moving average is $132.43. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a market cap of $89.90 billion, a PE ratio of 34.52, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Equities research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

About Airbnb

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.