Duality Advisers LP Takes $315,000 Position in Airbnb, Inc. (NASDAQ:ABNB)

Duality Advisers LP acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,314 shares of the company’s stock, valued at approximately $315,000.

A number of other institutional investors have also modified their holdings of ABNB. Vanguard Group Inc. grew its stake in Airbnb by 43.0% during the 3rd quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock worth $4,697,896,000 after purchasing an additional 10,301,746 shares in the last quarter. Northern Trust Corp grew its stake in Airbnb by 41.3% during the 3rd quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock worth $598,745,000 after purchasing an additional 1,276,456 shares in the last quarter. Legal & General Group Plc grew its stake in Airbnb by 5.0% during the 3rd quarter. Legal & General Group Plc now owns 2,568,807 shares of the company’s stock worth $352,466,000 after purchasing an additional 121,651 shares in the last quarter. Alphinity Investment Management Pty Ltd grew its stake in Airbnb by 48.3% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,496,885 shares of the company’s stock worth $339,926,000 after purchasing an additional 813,074 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Airbnb by 69.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,301,395 shares of the company’s stock worth $315,774,000 after purchasing an additional 943,520 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Nathan Blecharczyk sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $146.58, for a total value of $8,794,800.00. Following the sale, the insider now owns 473,762 shares in the company, valued at approximately $69,444,033.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Airbnb news, CTO Aristotle N. Balogh sold 78,682 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the transaction, the chief technology officer now owns 144,331 shares of the company’s stock, valued at approximately $24,435,238.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nathan Blecharczyk sold 60,000 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $146.58, for a total value of $8,794,800.00. Following the transaction, the insider now directly owns 473,762 shares in the company, valued at approximately $69,444,033.96. The disclosure for this sale can be found here. Insiders have sold a total of 456,274 shares of company stock worth $72,410,859 in the last quarter. Company insiders own 30.84% of the company’s stock.

Analyst Ratings Changes

ABNB has been the subject of a number of recent analyst reports. UBS Group decreased their price target on Airbnb from $148.00 to $143.00 and set a “neutral” rating for the company in a report on Wednesday, February 14th. Wells Fargo & Company lifted their price target on Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a report on Monday, April 1st. B. Riley Financial initiated coverage on Airbnb in a report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price target for the company. Barclays lifted their price target on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Monday, January 29th. Finally, JPMorgan Chase & Co. lifted their price target on Airbnb from $118.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Four investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and an average price target of $149.19.

Airbnb Stock Performance

NASDAQ ABNB opened at $164.23 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $160.44 and its two-hundred day moving average is $143.42. Airbnb, Inc. has a 12-month low of $103.55 and a 12-month high of $170.10. The stock has a market capitalization of $106.27 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 2.08 and a beta of 1.25.

Airbnb (NASDAQ:ABNB) last released its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Research analysts expect that Airbnb, Inc. will post 4.65 EPS for the current year.

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.