Quantinno Capital Management LP Has $17.01 Million Stake in Airbnb, Inc. (NASDAQ:ABNB)

Quantinno Capital Management LP raised its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 257.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 129,453 shares of the company’s stock after purchasing an additional 93,213 shares during the quarter. Quantinno Capital Management LP’s holdings in Airbnb were worth $17,012,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in Airbnb during the 4th quarter worth about $433,374,000. Clearbridge Investments LLC boosted its holdings in shares of Airbnb by 147.3% in the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock valued at $571,505,000 after purchasing an additional 2,590,475 shares in the last quarter. Principal Financial Group Inc. raised its position in Airbnb by 174.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock worth $245,268,000 after buying an additional 1,185,892 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Airbnb by 52.1% in the fourth quarter. AQR Capital Management LLC now owns 2,365,847 shares of the company’s stock worth $310,896,000 after acquiring an additional 809,964 shares during the last quarter. Finally, Parnassus Investments LLC lifted its position in shares of Airbnb by 8,324.9% during the 4th quarter. Parnassus Investments LLC now owns 655,539 shares of the company’s stock worth $86,144,000 after purchasing an additional 647,758 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Activity

In related news, CEO Brian Chesky sold 230,772 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the completion of the sale, the chief executive officer now directly owns 12,000,913 shares in the company, valued at $1,934,067,139.08. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 11,488 shares of Airbnb stock in a transaction on Friday, February 14th. The stock was sold at an average price of $158.00, for a total transaction of $1,815,104.00. Following the transaction, the chief technology officer now directly owns 181,214 shares of the company’s stock, valued at $28,631,812. The trade was a 5.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,983,669 shares of company stock valued at $266,947,699 in the last ninety days. Insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ABNB shares. HSBC raised Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Argus raised shares of Airbnb from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Benchmark dropped their price target on Airbnb from $178.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Gordon Haskett raised Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price target for the company in a research report on Friday, February 14th. Finally, DA Davidson raised Airbnb from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $170.00 to $155.00 in a research report on Wednesday, April 30th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $141.43.

Airbnb Price Performance

Airbnb stock opened at $138.05 on Wednesday. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm’s fifty day moving average is $121.42 and its 200 day moving average is $131.21. The company has a market cap of $87.05 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the previous year, the business posted $0.41 EPS. The firm’s revenue was up 7.4% on a year-over-year basis. Sell-side analysts forecast 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.