Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 694,090 shares of the company’s stock after purchasing an additional 48,348 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.11% of Airbnb worth $94,497,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CVA Family Office LLC acquired a new position in shares of Airbnb during the 4th quarter valued at about $26,000. Orion Capital Management LLC acquired a new position in shares of Airbnb during the 3rd quarter valued at about $27,000. Bfsg LLC acquired a new position in shares of Airbnb during the 4th quarter valued at about $27,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Airbnb during the 4th quarter valued at about $30,000. Finally, Financial Management Professionals Inc. boosted its position in shares of Airbnb by 518.4% during the 4th quarter. Financial Management Professionals Inc. now owns 303 shares of the company’s stock valued at $41,000 after acquiring an additional 254 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wedbush reissued a “neutral” rating and set a $160.00 price target on shares of Airbnb in a research report on Thursday, May 9th. TD Cowen reduced their price objective on shares of Airbnb from $180.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. B. Riley Financial began coverage on shares of Airbnb in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price objective on the stock. Susquehanna boosted their price objective on shares of Airbnb from $160.00 to $180.00 and gave the company a “positive” rating in a report on Wednesday, February 14th. Finally, Truist Financial boosted their price objective on shares of Airbnb from $118.00 to $131.00 and gave the company a “hold” rating in a report on Thursday, March 14th. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $152.13.

Airbnb Stock Performance

NASDAQ:ABNB opened at $142.71 on Thursday. The firm’s fifty day moving average price is $158.48 and its 200 day moving average price is $147.44. Airbnb, Inc. has a 1-year low of $103.74 and a 1-year high of $170.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market cap of $91.91 billion, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.18. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period last year, the firm posted $0.18 EPS. Airbnb’s quarterly revenue was up 17.8% on a year-over-year basis. On average, sell-side analysts expect that Airbnb, Inc. will post 4.67 EPS for the current year.

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $145.71, for a total transaction of $87,426.00. Following the completion of the transaction, the chief technology officer now owns 212,374 shares of the company’s stock, valued at approximately $30,945,015.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CTO Aristotle N. Balogh sold 78,682 shares of Airbnb stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the completion of the transaction, the chief technology officer now owns 144,331 shares of the company’s stock, valued at approximately $24,435,238.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $145.71, for a total value of $87,426.00. Following the transaction, the chief technology officer now directly owns 212,374 shares of the company’s stock, valued at approximately $30,945,015.54. The disclosure for this sale can be found here. Over the last quarter, insiders sold 313,324 shares of company stock valued at $51,386,281. 27.83% of the stock is owned by company insiders.

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.