CAP Partners LLC Has $293,000 Holdings in Airbnb, Inc. (NASDAQ:ABNB)

CAP Partners LLC raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 3.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,229 shares of the company’s stock after purchasing an additional 77 shares during the period. CAP Partners LLC’s holdings in Airbnb were worth $293,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Edgewood Management LLC grew its holdings in Airbnb by 9.2% during the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after acquiring an additional 1,143,464 shares during the period. Geode Capital Management LLC grew its stake in Airbnb by 1.6% during the third quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock worth $1,189,635,000 after purchasing an additional 146,761 shares during the period. Pacer Advisors Inc. increased its holdings in Airbnb by 6,085.6% in the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after purchasing an additional 4,172,985 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Airbnb by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock valued at $343,185,000 after buying an additional 52,358 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Airbnb by 3.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,360,004 shares of the company’s stock worth $299,272,000 after buying an additional 80,610 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Up 0.2 %

Shares of NASDAQ:ABNB opened at $135.24 on Tuesday. The stock has a market capitalization of $85.74 billion, a P/E ratio of 47.45, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12. The stock’s 50-day moving average price is $132.93 and its 200-day moving average price is $129.91. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10.

Analyst Ratings Changes

A number of research firms recently issued reports on ABNB. Wedbush reiterated an “outperform” rating and set a $155.00 target price on shares of Airbnb in a research report on Tuesday, February 4th. Barclays upped their price objective on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Evercore ISI boosted their target price on Airbnb to $155.00 and gave the company a “hold” rating in a research report on Wednesday, January 15th. Wells Fargo & Company cut their price target on Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Finally, TD Cowen boosted their price objective on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average target price of $139.63.

Insider Activity at Airbnb

In other news, insider Nathan Blecharczyk sold 9,603 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the sale, the insider now owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. This represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO David C. Bernstein sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the completion of the transaction, the chief accounting officer now owns 40,581 shares in the company, valued at $5,559,597. This represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,417,704 shares of company stock worth $187,654,829 in the last ninety days. 27.83% of the stock is owned by company insiders.

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.