Charles Schwab Investment Management Inc. Grows Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Charles Schwab Investment Management Inc. grew its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,790,644 shares of the company’s stock after buying an additional 84,348 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Airbnb were worth $366,719,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Verde Capital Management raised its position in Airbnb by 25.3% during the fourth quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after purchasing an additional 4,269 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Airbnb during the 3rd quarter valued at about $34,982,000. Tri Ri Asset Management Corp purchased a new position in shares of Airbnb during the 3rd quarter valued at about $6,352,000. Baltimore Washington Financial Advisors Inc. lifted its position in Airbnb by 14.8% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock worth $6,498,000 after buying an additional 6,357 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Airbnb by 40.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock worth $90,123,000 after buying an additional 197,558 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity Group upped their price objective on shares of Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Benchmark lifted their price objective on Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Wells Fargo & Company dropped their target price on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Wedbush reaffirmed an “outperform” rating and issued a $155.00 price target on shares of Airbnb in a research note on Tuesday, February 4th. Finally, Barclays increased their price objective on Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a research note on Friday, February 14th. Five analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $146.48.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 20,000 shares of the stock in a transaction on 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 of the company’s stock, valued at $24,450,544.18. This trade represents a 9.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $137.00, for a total value of $137,000.00. Following the completion of the sale, the chief accounting officer now 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 disclosure for this sale can be found here. Insiders sold 2,087,020 shares of company stock valued at $295,392,297 over the last 90 days. Corporate insiders own 27.83% of the company’s stock.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $142.58 on Thursday. The business has a fifty day moving average price of $136.93 and a 200-day moving average price of $132.43. 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 company has a market capitalization of $89.90 billion, a PE ratio of 34.52, 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 $170.10.

Airbnb (NASDAQ:ABNB) last released 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%. As a group, equities 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.