Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Voloridge Investment Management LLC

Voloridge Investment Management LLC grew its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 122.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,022,237 shares of the company’s stock after acquiring an additional 563,156 shares during the period. Voloridge Investment Management LLC owned about 0.16% of Airbnb worth $134,332,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Geode Capital Management LLC grew its stake 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 grew its stake in shares of Airbnb by 147.3% during the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock valued at $571,505,000 after acquiring an additional 2,590,475 shares in the last quarter. Northern Trust Corp lifted its position in shares of Airbnb by 8.4% during the fourth quarter. Northern Trust Corp now owns 4,296,835 shares of the company’s stock worth $564,647,000 after purchasing an additional 331,607 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Airbnb by 15.5% during the fourth quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company’s stock worth $548,683,000 after purchasing an additional 558,856 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Airbnb during the fourth quarter worth about $433,374,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Stock Performance

ABNB opened at $136.60 on Tuesday. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. 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 stock has a market cap of $85.57 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. The business’s 50 day moving average is $122.03 and its 200-day moving average is $131.20.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data 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 company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the prior year, the business earned $0.41 EPS. Airbnb’s revenue was up 7.4% compared to the same quarter last year. On average, analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on ABNB shares. Wedbush cut shares of Airbnb from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $150.00 to $135.00 in a research report on Friday, May 2nd. Phillip Securities cut shares of Airbnb from a “hold” rating to a “moderate sell” rating in a research report on Friday, May 9th. Benchmark reduced their price target on shares of Airbnb from $178.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Robert W. Baird reduced their price target on shares of Airbnb from $175.00 to $160.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 25th. Finally, Argus raised shares of Airbnb from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $141.43.

Insider Activity at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 2,712 shares of Airbnb stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $156.32, for a total value of $423,939.84. Following the transaction, the insider now owns 159,337 shares in the company, valued at approximately $24,907,559.84. The trade was a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $122.84, for a total transaction of $26,322,769.40. Following the completion of the transaction, the director now owns 1,866,300 shares in the company, valued at approximately $229,256,292. This trade represents a 10.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,417,246 shares of company stock worth $176,403,797 over the last quarter. 27.91% of the stock is currently owned by company 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.