World Investment Advisors Buys Shares of 58,494 Airbnb, Inc. (NASDAQ:ABNB)

World Investment Advisors purchased a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 58,494 shares of the company’s stock, valued at approximately $7,687,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC boosted its position in Airbnb by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company’s stock worth $1,244,514,000 after purchasing an additional 72,991 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Airbnb by 147.3% during the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock worth $571,505,000 after buying an additional 2,590,475 shares during the last quarter. Norges Bank purchased a new stake in shares of Airbnb in the 4th quarter worth about $433,374,000. Charles Schwab Investment Management Inc. grew its stake 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 valued at $366,719,000 after acquiring an additional 84,348 shares during the last quarter. Finally, Temasek Holdings Private Ltd increased its holdings in Airbnb by 91.3% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock valued at $294,726,000 after acquiring an additional 1,109,076 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on ABNB shares. Wedbush reaffirmed an “outperform” rating and issued a $155.00 price target on shares of Airbnb in a report on Tuesday, February 4th. The Goldman Sachs Group upgraded Airbnb from a “sell” rating to a “neutral” rating and increased their target price for the company from $110.00 to $153.00 in a report on Friday, February 14th. Canaccord Genuity Group boosted their price target on Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 14th. 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. Finally, DA Davidson boosted their target price on shares of Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $147.36.

Insider Activity at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $135.94, for a total transaction of $29,129,902.90. Following the completion of the transaction, the director now directly owns 1,285,715 shares in the company, valued at approximately $174,780,097.10. This represents a 14.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction on 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 completion of the sale, the chief executive officer now owns 12,000,913 shares of the company’s stock, valued at approximately $1,934,067,139.08. This trade represents a 1.89 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,250,894 shares of company stock valued at $314,940,768. Insiders own 27.83% of the company’s stock.

Airbnb Stock Up 1.3 %

NASDAQ ABNB opened at $122.80 on Thursday. The stock has a market cap of $77.43 billion, a PE ratio of 29.73, a P/E/G ratio of 3.52 and a beta of 1.10. The business has a 50 day moving average price of $134.55 and a two-hundred day moving average price of $133.79. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $166.74. 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 data on Thursday, February 13th. The company reported $0.73 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%. As a group, sell-side analysts predict 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.