Airbnb, Inc. (NASDAQ:ABNB) Stock Holdings Increased by Metis Global Partners LLC

Metis Global Partners LLC increased its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 11.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,767 shares of the company’s stock after purchasing an additional 2,183 shares during the quarter. Metis Global Partners LLC’s holdings in Airbnb were worth $2,860,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. SVB Wealth LLC bought a new stake in shares of Airbnb in the 4th quarter worth approximately $4,892,000. Fielder Capital Group LLC raised its holdings in shares of Airbnb by 9.9% in the 4th quarter. Fielder Capital Group LLC now owns 1,929 shares of the company’s stock worth $253,000 after purchasing an additional 173 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new stake in shares of Airbnb in the 4th quarter worth approximately $151,000. QRG Capital Management Inc. raised its holdings in shares of Airbnb by 17.2% in the 4th quarter. QRG Capital Management Inc. now owns 34,489 shares of the company’s stock worth $4,532,000 after purchasing an additional 5,072 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its holdings in shares of Airbnb by 1,171.2% in the 4th quarter. Proficio Capital Partners LLC now owns 149,502 shares of the company’s stock worth $19,646,000 after purchasing an additional 137,741 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Airbnb Price Performance

NASDAQ ABNB opened at $138.87 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The company has a fifty day simple moving average of $136.52 and a 200 day simple moving average of $131.91. The company has a market cap of $87.56 billion, a P/E ratio of 33.62, a P/E/G ratio of 3.52 and a beta of 1.12. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10.

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

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 500 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total value of $68,005.00. Following the completion of the sale, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at $25,218,158.14. This represents a 0.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian Chesky sold 230,772 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the completion of the sale, the chief executive officer now directly owns 12,000,913 shares of the company’s stock, valued at approximately $1,934,067,139.08. This trade represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,117,468 shares of company stock valued at $299,565,586. Company insiders own 27.83% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on ABNB. HSBC upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Citigroup boosted their price target on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a report on Monday, November 11th. 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 report on Friday, February 14th. UBS Group boosted their price target on shares of Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Finally, Argus upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Five analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $146.48.

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.