UniSuper Management Pty Ltd Lowers Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

UniSuper Management Pty Ltd trimmed its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 21.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,659 shares of the company’s stock after selling 9,180 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Airbnb were worth $4,292,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. CAP Partners LLC lifted its stake in shares of Airbnb by 3.6% during the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock worth $293,000 after purchasing an additional 77 shares during the last quarter. Lindbrook Capital LLC grew its position in shares of Airbnb by 1.4% in the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock worth $728,000 after buying an additional 78 shares during the last quarter. Manchester Capital Management LLC lifted its position in Airbnb by 18.2% during the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock valued at $69,000 after acquiring an additional 81 shares during the last quarter. Salvus Wealth Management LLC boosted its stake in Airbnb by 2.5% in the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after acquiring an additional 84 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its holdings in Airbnb by 2.3% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 4,285 shares of the company’s stock worth $565,000 after purchasing an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ABNB shares. The Goldman Sachs Group upgraded Airbnb from a “sell” rating to a “neutral” rating and increased their price objective for the company from $110.00 to $153.00 in a report on Friday, February 14th. Evercore ISI upped their price objective on shares of Airbnb to $155.00 and gave the company a “hold” rating in a report on Wednesday, January 15th. HSBC upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Barclays upped their price target on shares of Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a research note on Friday, February 14th. Finally, Benchmark boosted their price objective on shares of Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $147.36.

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $126.00, for a total transaction of $88,200.00. Following the completion of the sale, the chief technology officer now owns 171,419 shares of the company’s stock, valued at $21,598,794. This represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $129.38, for a total transaction of $27,724,193.30. Following the completion of the transaction, the director now directly owns 2,509,155 shares in the company, valued at approximately $324,634,473.90. This represents a 7.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,270,894 shares of company stock valued at $317,578,168 over the last quarter. 27.83% of the stock is currently owned by insiders.

Airbnb Stock Performance

NASDAQ:ABNB opened at $120.69 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market capitalization of $76.10 billion, a PE ratio of 29.22, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $166.74. The company has a fifty day moving average of $135.29 and a two-hundred day moving average of $133.58.

Airbnb (NASDAQ:ABNB) last released its earnings results 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, research analysts forecast that Airbnb, Inc. will post 4.31 earnings per share 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.