Horizon Investments LLC Buys 3,575 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Horizon Investments LLC boosted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 41.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,188 shares of the company’s stock after purchasing an additional 3,575 shares during the period. Horizon Investments LLC’s holdings in Airbnb were worth $1,602,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ABNB. Pacer Advisors Inc. grew its holdings in shares of Airbnb by 6,085.6% during the third 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 in the last quarter. Meritage Group LP acquired a new position in Airbnb during the 3rd quarter worth approximately $160,985,000. Principal Financial Group Inc. grew its stake in shares of Airbnb by 174.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock worth $245,268,000 after acquiring an additional 1,185,892 shares in the last quarter. Edgewood Management LLC raised its holdings in shares of Airbnb by 9.2% in the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after purchasing an additional 1,143,464 shares during the last quarter. Finally, Temasek Holdings Private Ltd lifted its position in shares of Airbnb by 91.3% in the third quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock worth $294,726,000 after purchasing an additional 1,109,076 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Performance

Shares of ABNB stock opened at $126.00 on Thursday. The business’s 50-day moving average price is $135.83 and its 200-day moving average price is $133.14. The firm has a market capitalization of $79.45 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. 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 (NASDAQ:ABNB) last announced its earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping 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%. Equities research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

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 shares were sold at an average price of $131.87, for a total transaction of $2,637,400.00. Following the transaction, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at $24,450,544.18. This represents a 9.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Chesky sold 230,772 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the transaction, the chief executive officer now directly owns 12,000,913 shares in the company, valued at $1,934,067,139.08. This trade represents a 1.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,093,670 shares of company stock worth $294,812,710 over the last quarter. Company insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ABNB. Robert W. Baird raised shares of Airbnb from a “neutral” rating to an “outperform” rating and raised their target price for the company from $140.00 to $175.00 in a research report on Friday, February 14th. Benchmark raised their price objective on Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a report on Friday, February 14th. Truist Financial dropped their target price on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. JMP Securities restated a “market perform” rating on shares of Airbnb in a research note on Friday, February 14th. Finally, Wedbush reiterated an “outperform” rating and set a $155.00 price objective on shares of Airbnb in a research note on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $148.15.

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.