Intermede Investment Partners Ltd Has $106.02 Million Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Intermede Investment Partners Ltd trimmed its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 34.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 806,748 shares of the company’s stock after selling 419,611 shares during the period. Airbnb makes up about 2.8% of Intermede Investment Partners Ltd’s investment portfolio, making the stock its 18th biggest position. Intermede Investment Partners Ltd’s holdings in Airbnb were worth $106,015,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in Airbnb during the fourth quarter worth about $25,000. Berbice Capital Management LLC acquired a new position in shares of Airbnb in the 4th quarter worth approximately $26,000. Ashton Thomas Securities LLC bought a new position in shares of Airbnb during the 3rd quarter worth approximately $30,000. Whipplewood Advisors LLC bought a new position in shares of Airbnb during the 4th quarter worth approximately $44,000. Finally, Cromwell Holdings LLC boosted its stake in Airbnb by 82.5% in the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after buying an additional 170 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ABNB has been the subject of a number of analyst reports. Benchmark lifted their price objective on Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a report on Friday, February 14th. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a report on Friday, February 14th. The Goldman Sachs Group upgraded shares of Airbnb from a “sell” rating to a “neutral” rating and boosted their price target for the company from $110.00 to $153.00 in a research report on Friday, February 14th. Morgan Stanley raised their price objective on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Finally, Bank of America boosted their target price on Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $148.00.

Insider Activity at Airbnb

In other Airbnb news, CEO Brian Chesky sold 230,772 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the completion of the transaction, the chief executive officer now directly owns 12,000,913 shares of the company’s stock, valued at approximately $1,934,067,139.08. The trade was a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $140.10, for a total value of $875,625.00. Following the sale, the chief financial officer now directly owns 449,463 shares in the company, valued at approximately $62,969,766.30. This represents a 1.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,054,509 shares of company stock worth $290,940,989 in the last quarter. Corporate insiders own 27.83% of the company’s stock.

Airbnb Price Performance

Shares of ABNB opened at $126.55 on Thursday. The stock has a market cap of $79.79 billion, a P/E ratio of 30.64, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The stock’s 50-day moving average price is $136.73 and its two-hundred day moving average price is $132.89. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. On average, equities analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

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.