Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Capital International Ltd. CA

Capital International Ltd. CA grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 81,847 shares of the company’s stock after purchasing an additional 1,573 shares during the period. Capital International Ltd. CA’s holdings in Airbnb were worth $10,756,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ABNB. Capital Group Investment Management PTE. LTD. raised its position in Airbnb by 2.1% during the fourth quarter. Capital Group Investment Management PTE. LTD. now owns 17,533 shares of the company’s stock worth $2,304,000 after acquiring an additional 369 shares during the period. Capital International Sarl grew its holdings in Airbnb by 7.0% in the 4th quarter. Capital International Sarl now owns 117,260 shares of the company’s stock valued at $15,409,000 after buying an additional 7,646 shares in the last quarter. Altshuler Shaham Ltd grew its holdings in shares of Airbnb by 12.9% in the fourth quarter. Altshuler Shaham Ltd now owns 16,151 shares of the company’s stock valued at $2,122,000 after purchasing an additional 1,844 shares during the period. Guggenheim Capital LLC increased its holdings in shares of Airbnb by 4.6% during the 4th quarter. Guggenheim Capital LLC now owns 123,154 shares of the company’s stock worth $16,184,000 after buying an additional 5,395 shares during the last quarter. Finally, Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Airbnb during the fourth quarter worth $16,349,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $112.70 on Friday. The company has a market cap of $71.06 billion, a P/E ratio of 27.29, a PEG ratio of 3.52 and a beta of 1.15. Airbnb, Inc. has a one year low of $99.88 and a one year high of $166.74. The business’s 50-day simple moving average is $129.62 and its 200 day simple moving average is $132.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating 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%. On average, sell-side analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. B. Riley boosted their target price on Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Canaccord Genuity Group increased their price objective on shares of Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 14th. JMP Securities reissued a “market perform” rating on shares of Airbnb in a research report on Friday, February 14th. Susquehanna boosted their price target 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, Argus raised Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Five investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $146.94.

Insider Activity at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 183,078 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the completion of the sale, the insider now owns 164,850 shares in the company, valued at $26,046,300. The trade was a 52.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian Chesky sold 38,461 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $133.19, for a total transaction of $5,122,620.59. Following the sale, the chief executive officer now owns 12,460,447 shares in the company, valued at approximately $1,659,606,935.93. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,037,307 shares of company stock valued at $280,842,374 over the last ninety days. Corporate insiders own 27.83% of the company’s stock.

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.