Airbnb, Inc. (NASDAQ:ABNB) Holdings Lifted by Trilogy Capital Inc.

Trilogy Capital Inc. grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 34.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,586 shares of the company’s stock after purchasing an additional 4,015 shares during the period. Trilogy Capital Inc.’s holdings in Airbnb were worth $2,048,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its position in shares of Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after acquiring an additional 4,172,985 shares in the last quarter. Meritage Group LP acquired a new position in Airbnb in the 3rd quarter valued at approximately $160,985,000. Edgewood Management LLC increased its stake in Airbnb by 9.2% in the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after buying an additional 1,143,464 shares during the period. International Assets Investment Management LLC increased its stake in Airbnb by 19,430.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock valued at $1,419,610,000 after buying an additional 1,113,747 shares during the period. Finally, Temasek Holdings Private Ltd increased its stake in Airbnb by 91.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock valued at $294,726,000 after buying an additional 1,109,076 shares during the period. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

Airbnb stock opened at $129.60 on Thursday. The company has a market capitalization of $82.16 billion, a P/E ratio of 45.47, a P/E/G ratio of 1.72 and a beta of 1.12. The business has a 50 day moving average of $133.11 and a 200-day moving average of $130.26. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the firm earned $2.39 EPS. On average, equities research analysts predict that Airbnb, Inc. will post 3.98 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on ABNB shares. Benchmark reiterated a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a research note on Friday, November 8th. Wells Fargo & Company dropped their price target on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Susquehanna increased their price target on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research note on Monday, November 11th. Phillip Securities restated a “reduce” rating and set a $120.00 price target on shares of Airbnb in a research note on Tuesday, November 12th. Finally, Jefferies Financial Group raised their target price on shares of Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Six analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Airbnb has a consensus rating of “Hold” and a consensus price target of $139.63.

Insider Activity at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the sale, the director now directly owns 10,321 shares in the company, valued at $1,352,876.68. This represents a 95.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Nathan Blecharczyk sold 9,603 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the sale, the insider now owns 164,850 shares in the company, valued at approximately $21,466,767. This represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,410,754 shares of company stock valued at $186,754,248. 27.83% of the stock is 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.