Airbnb, Inc. (NASDAQ:ABNB) Position Boosted by Clearbridge Investments LLC

Clearbridge Investments LLC lifted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 147.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,349,026 shares of the company’s stock after purchasing an additional 2,590,475 shares during the quarter. Clearbridge Investments LLC owned 0.69% of Airbnb worth $571,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in shares of Airbnb during the fourth quarter worth $25,000. Berbice Capital Management LLC acquired a new stake in shares of Airbnb in the 4th quarter valued at $26,000. Graney & King LLC bought a new stake in Airbnb in the fourth quarter worth $32,000. Whipplewood Advisors LLC acquired a new position in Airbnb during the fourth quarter worth $44,000. Finally, Cromwell Holdings LLC lifted its position in shares of Airbnb by 82.5% in the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after buying an additional 170 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Stock Performance

NASDAQ ABNB opened at $120.69 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market cap of $76.10 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $166.74. The company has a fifty day moving average price of $135.29 and a 200-day moving average price of $133.71.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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 research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 20,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $131.87, for a total transaction 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. This represents a 9.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $129.38, for a total transaction of $27,724,193.30. Following the transaction, the director now directly owns 2,509,155 shares of the company’s stock, valued at approximately $324,634,473.90. This represents a 7.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,270,894 shares of company stock valued at $317,578,168 in the last 90 days. 27.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Gordon Haskett raised shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price target on the stock 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 stock a “neutral” rating in a research note on Wednesday, December 18th. Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Baird R W upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Finally, DA Davidson raised their price objective on shares of Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Airbnb has a consensus rating of “Hold” and an average price target of $147.36.

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.