Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC grew its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 4.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 56,321 shares of the company’s stock after purchasing an additional 2,190 shares during the quarter. Janus Henderson Group PLC’s holdings in Airbnb were worth $7,402,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in shares of Airbnb by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company’s stock valued at $1,244,514,000 after acquiring an additional 72,991 shares in the last quarter. Clearbridge Investments LLC increased its holdings in Airbnb by 147.3% in the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock worth $571,505,000 after buying an additional 2,590,475 shares during the period. Northern Trust Corp increased its holdings in Airbnb by 8.4% in the 4th quarter. Northern Trust Corp now owns 4,296,835 shares of the company’s stock worth $564,647,000 after buying an additional 331,607 shares during the period. Renaissance Technologies LLC increased its holdings in Airbnb by 15.5% in the 4th quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company’s stock worth $548,683,000 after buying an additional 558,856 shares during the period. Finally, Norges Bank acquired a new position in Airbnb in the 4th quarter worth approximately $433,374,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Up 0.9%

Shares of ABNB opened at $138.00 on Friday. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The company has a market capitalization of $87.01 billion, a PE ratio of 33.41, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. The stock has a fifty day simple moving average of $121.83 and a two-hundred day simple moving average of $131.23. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the business earned $0.41 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ABNB shares. Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Barclays decreased their target price on Airbnb from $120.00 to $103.00 and set an “underweight” rating on the stock in a research report on Friday, May 2nd. HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Jefferies Financial Group upgraded Airbnb from a “hold” rating to a “buy” rating and increased their target price for the company from $165.00 to $185.00 in a research report on Monday, March 10th. Finally, Wedbush lowered Airbnb from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $150.00 to $135.00 in a research report on Friday, May 2nd. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $141.43.

Insiders Place Their Bets

In related news, insider Nathan Blecharczyk sold 2,712 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $156.32, for a total transaction of $423,939.84. Following the completion of the sale, the insider now directly owns 159,337 shares of the company’s stock, valued at approximately $24,907,559.84. This trade represents a 1.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $161.05, for a total value of $112,735.00. Following the sale, the chief technology officer now directly owns 180,514 shares of the company’s stock, valued at $29,071,779.70. The trade was a 0.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,533,331 shares of company stock valued at $195,015,055 in the last three months. 27.83% of the stock is currently owned by insiders.

Airbnb 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.