Airbnb, Inc. (NASDAQ:ABNB) Stock Position Lifted by Assetmark Inc.

Assetmark Inc. grew its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 7.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,691 shares of the company’s stock after buying an additional 3,697 shares during the quarter. Assetmark Inc.’s holdings in Airbnb were worth $7,056,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Blake Schutter Theil Wealth Advisors LLC acquired a new stake in Airbnb in the third quarter worth approximately $226,000. Malaga Cove Capital LLC acquired a new stake in shares of Airbnb in the third quarter valued at $249,000. Principal Financial Group Inc. boosted its stake in Airbnb by 17.9% during the third quarter. Principal Financial Group Inc. now owns 680,539 shares of the company’s stock valued at $86,299,000 after buying an additional 103,087 shares in the last quarter. Bensler LLC acquired a new position in Airbnb during the third quarter worth about $3,230,000. Finally, AIA Group Ltd raised its position in Airbnb by 5.5% in the third quarter. AIA Group Ltd now owns 27,501 shares of the company’s stock worth $3,487,000 after acquiring an additional 1,425 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Barclays raised their price objective on shares of Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a research report on Friday, February 14th. B. Riley raised their target price on shares of Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. HSBC upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research report on Friday, February 14th. Finally, Phillip Securities restated a “reduce” rating and issued a $120.00 target price on shares of Airbnb in a report on Tuesday, November 12th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $146.48.

Airbnb Price Performance

Shares of ABNB opened at $134.39 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $84.74 billion, a PE ratio of 32.54, a PEG ratio of 3.52 and a beta of 1.10. The firm’s 50 day moving average price is $136.92 and its 200 day moving average price is $132.44. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month 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 (EPS) for the quarter, beating the consensus estimate 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, research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Transactions at Airbnb

In related news, insider Nathan Blecharczyk sold 183,078 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the completion of the sale, the insider now directly owns 164,850 shares in the company, valued at approximately $26,046,300. The trade was a 52.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Aristotle N. Balogh sold 20,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $131.87, for a total value of $2,637,400.00. Following the transaction, the chief technology officer now owns 185,414 shares in the company, valued at approximately $24,450,544.18. This trade represents a 9.74 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,093,970 shares of company stock worth $296,365,992. 27.83% of the stock is owned by corporate insiders.

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.