1,121,773 Shares in Airbnb, Inc. (NASDAQ:ABNB) Bought by Findlay Park Partners LLP

Findlay Park Partners LLP acquired a new position in Airbnb, Inc. (NASDAQ:ABNB – Get Rating) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,121,773 shares of the company’s stock, valued at approximately $95,912,000.

Several other institutional investors also recently bought and sold shares of ABNB. Independent Advisor Alliance raised its position in shares of Airbnb by 16.4% during the 3rd quarter. Independent Advisor Alliance now owns 7,905 shares of the company’s stock valued at $830,000 after buying an additional 1,113 shares during the period. Bessemer Group Inc. increased its position in shares of Airbnb by 4.4% during the third quarter. Bessemer Group Inc. now owns 188,087 shares of the company’s stock worth $19,756,000 after acquiring an additional 7,905 shares during the period. Xponance Inc. increased its position in shares of Airbnb by 9.1% during the fourth quarter. Xponance Inc. now owns 50,808 shares of the company’s stock worth $4,344,000 after acquiring an additional 4,246 shares during the period. Kistler Tiffany Companies LLC increased its position in shares of Airbnb by 365.7% during the fourth quarter. Kistler Tiffany Companies LLC now owns 1,872 shares of the company’s stock worth $160,000 after acquiring an additional 1,470 shares during the period. Finally, Versor Investments LP increased its position in shares of Airbnb by 9.8% during the fourth quarter. Versor Investments LP now owns 14,500 shares of the company’s stock worth $1,240,000 after acquiring an additional 1,300 shares during the period. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Stock Performance

ABNB stock opened at $106.25 on Wednesday. The company has a market capitalization of $67.94 billion, a price-to-earnings ratio of 35.30, a P/E/G ratio of 1.44 and a beta of 1.13. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average of $115.94 and a two-hundred day moving average of $108.61. Airbnb, Inc. has a 12 month low of $81.91 and a 12 month high of $144.63.

Airbnb (NASDAQ:ABNB – Get Rating) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.08. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Airbnb had a net margin of 23.30% and a return on equity of 37.51%. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.03) EPS. As a group, equities analysts anticipate that Airbnb, Inc. will post 3.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ABNB shares. HSBC boosted their target price on shares of Airbnb from $158.00 to $163.00 in a research note on Thursday, February 16th. Evercore ISI increased their price target on shares of Airbnb from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, February 15th. Wolfe Research reissued a “peer perform” rating on shares of Airbnb in a report on Wednesday, February 15th. Gordon Haskett cut shares of Airbnb from a “hold” rating to an “underperform” rating in a report on Wednesday, January 25th. Finally, KeyCorp dropped their target price on shares of Airbnb from $144.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, May 15th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Airbnb currently has an average rating of “Hold” and an average price target of $135.55.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 2,750 shares of Airbnb stock in a transaction that occurred on Tuesday, March 28th. The shares were sold at an average price of $117.54, for a total value of $323,235.00. Following the transaction, the chief technology officer now owns 184,772 shares of the company’s stock, valued at $21,718,100.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Airbnb news, CTO Aristotle N. Balogh sold 2,750 shares of Airbnb stock in a transaction that occurred on Tuesday, March 28th. The shares were sold at an average price of $117.54, for a total value of $323,235.00. Following the transaction, the chief technology officer now owns 184,772 shares of the company’s stock, valued at $21,718,100.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Dave Stephenson sold 16,868 shares of the business’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $128.21, for a total transaction of $2,162,646.28. Following the completion of the sale, the chief financial officer now directly owns 134,950 shares in the company, valued at approximately $17,301,939.50. The disclosure for this sale can be found here. Insiders sold a total of 3,088,333 shares of company stock worth $372,752,234 in the last quarter. 30.84% of the stock is owned by company insiders.

About Airbnb

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Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.