Empowered Funds LLC Increases Position in Airbnb, Inc. (NASDAQ:ABNB)

Empowered Funds LLC lifted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 4.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 65,490 shares of the company’s stock after acquiring an additional 2,991 shares during the period. Empowered Funds LLC’s holdings in Airbnb were worth $8,606,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Edgewood Management LLC increased its position in shares of Airbnb by 9.2% during the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after purchasing an additional 1,143,464 shares during the last quarter. Geode Capital Management LLC increased its holdings in Airbnb by 1.6% during the third quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock worth $1,189,635,000 after buying an additional 146,761 shares during the last quarter. Pacer Advisors Inc. raised its position in Airbnb by 6,085.6% in the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after acquiring an additional 4,172,985 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Airbnb by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock valued at $343,185,000 after acquiring an additional 52,358 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Airbnb by 3.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,360,004 shares of the company’s stock valued at $299,272,000 after purchasing an additional 80,610 shares during the period. 80.76% of the stock is currently owned by institutional investors.

Airbnb Stock Up 1.8 %

Shares of ABNB opened at $134.98 on Monday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a 50 day simple moving average of $132.98 and a two-hundred day simple moving average of $129.94. The firm has a market cap of $85.57 billion, a P/E ratio of 47.36, a P/E/G ratio of 1.88 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period last year, the company posted $2.39 EPS. On average, analysts forecast that Airbnb, Inc. will post 3.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citigroup upped their price target on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Jefferies Financial Group increased their target price on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Bank of America boosted their price target on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Robert W. Baird raised their price objective on shares of Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, TD Cowen boosted their target price on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $139.63.

Insiders Place Their Bets

In other Airbnb news, insider Nathan Blecharczyk sold 9,603 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the sale, the insider now owns 164,850 shares in the company, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO David C. Bernstein sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the completion of the transaction, the chief accounting officer now owns 40,581 shares in the company, valued at $5,559,597. This represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,417,704 shares of company stock valued at $187,654,829 over the last three months. Insiders own 27.83% of the company’s stock.

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.