Dimensional Fund Advisors LP Has $106.77 Million Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Dimensional Fund Advisors LP raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 2.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 812,476 shares of the company’s stock after purchasing an additional 17,620 shares during the period. Dimensional Fund Advisors LP’s holdings in Airbnb were worth $106,769,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in Airbnb during the fourth quarter worth $25,000. Berbice Capital Management LLC acquired a new stake in Airbnb during the 4th quarter worth about $26,000. Graney & King LLC acquired a new position in shares of Airbnb in the 4th quarter valued at about $32,000. Whipplewood Advisors LLC bought a new stake in shares of Airbnb during the 4th quarter valued at about $44,000. Finally, Cromwell Holdings LLC boosted its position in shares of Airbnb by 82.5% during the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after purchasing an additional 170 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Activity at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $114.22, for a total value of $24,475,632.70. Following the completion of the transaction, the director now directly owns 2,080,585 shares in the company, valued at approximately $237,644,418.70. The trade was a 9.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total value of $89,705.00. Following the sale, the chief technology officer now directly owns 182,614 shares in the company, valued at $23,401,984.10. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,213,131 shares of company stock worth $300,179,370. 27.83% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Tigress Financial boosted their price target on Airbnb from $195.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, March 14th. B. Riley increased their target price on shares of Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Morgan Stanley raised their price target on shares of Airbnb from $125.00 to $130.00 and gave the stock an “underweight” rating in a report on Thursday, April 17th. Canaccord Genuity Group raised their price objective on Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Benchmark upped their target price on Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $146.94.

Airbnb Price Performance

Airbnb stock opened at $122.51 on Monday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The business’s 50 day simple moving average is $125.67 and its 200 day simple moving average is $131.90. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $165.50. The company has a market cap of $77.25 billion, a price-to-earnings ratio of 29.66, a PEG ratio of 3.52 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share 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%. Sell-side analysts forecast that Airbnb, Inc. will post 4.31 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.