Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Markel Group Inc.

Markel Group Inc. raised its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 502.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 115,310 shares of the company’s stock after buying an additional 96,160 shares during the quarter. Markel Group Inc.’s holdings in Airbnb were worth $15,153,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. CAP Partners LLC grew its holdings in shares of Airbnb by 3.6% during the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock worth $293,000 after buying an additional 77 shares in the last quarter. Lindbrook Capital LLC grew its stake in Airbnb by 1.4% in the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock worth $728,000 after acquiring an additional 78 shares during the period. Manchester Capital Management LLC grew its stake in Airbnb by 18.2% in the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock worth $69,000 after acquiring an additional 81 shares during the period. Salvus Wealth Management LLC raised 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 acquiring an additional 84 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in shares of Airbnb by 19.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock worth $74,000 after purchasing an additional 94 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $135.35, for a total transaction of $94,745.00. Following the transaction, the chief technology officer now owns 184,714 shares of the company’s stock, valued at $25,001,039.90. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $140.10, for a total value of $875,625.00. Following the completion of the sale, the chief financial officer now owns 449,463 shares of the company’s stock, valued at $62,969,766.30. This trade represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,054,509 shares of company stock valued at $290,940,989. Insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

ABNB has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research report on Friday, February 14th. UBS Group lifted their price target on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a report 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. Citigroup boosted their target price on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company dropped their price target on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $148.00.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $132.15 on Tuesday. The business has a 50 day moving average price of $136.94 and a two-hundred day moving average price of $132.88. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm has a market cap of $83.33 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (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%. Sell-side analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

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.