Banco Santander S.A. Boosts Stake in Airbnb, Inc. (NASDAQ:ABNB)

Banco Santander S.A. lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 5.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,837 shares of the company’s stock after acquiring an additional 145 shares during the quarter. Banco Santander S.A.’s holdings in Airbnb were worth $373,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Edgewood Management LLC lifted its stake in Airbnb by 9.2% during the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after purchasing an additional 1,143,464 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Airbnb by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock valued at $1,189,635,000 after buying an additional 146,761 shares in the last quarter. Pacer Advisors Inc. lifted its position in Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after buying an additional 4,172,985 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Airbnb by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,790,644 shares of the company’s stock worth $366,719,000 after buying an additional 84,348 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Airbnb by 3.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,360,004 shares of the company’s stock valued at $299,272,000 after acquiring an additional 80,610 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total value of $89,705.00. Following the transaction, the chief technology officer now directly owns 182,614 shares in the company, valued at approximately $23,401,984.10. This trade represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $131.88, for a total transaction of $28,259,905.80. Following the sale, the director now directly owns 1,285,715 shares of the company’s stock, valued at approximately $169,560,094.20. The trade was a 14.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,054,509 shares of company stock valued at $290,940,989. Insiders own 27.83% of the company’s stock.

Airbnb Trading Down 1.7 %

Shares of ABNB stock opened at $132.15 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The stock has a market capitalization of $83.33 billion, a P/E ratio of 32.00, a P/E/G ratio of 3.52 and a beta of 1.10. The firm’s 50 day moving average is $136.94 and its 200 day moving average is $132.88.

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

Wall Street Analyst Weigh In

ABNB has been the subject of a number of recent research reports. B. Riley boosted their price objective on shares of Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Jefferies Financial Group raised shares of Airbnb from a “hold” rating to a “buy” rating and boosted their price target for the stock from $165.00 to $185.00 in a research note on Monday. Barclays raised 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. Benchmark boosted their target price on Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $148.00.

Airbnb 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.