Airbnb, Inc. (NASDAQ:ABNB) Position Raised by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. increased its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 35.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,909,805 shares of the company's stock after acquiring an additional 495,548 shares during the quarter. Airbnb makes up about 0.9% of Jacobs Levy Equity Management Inc.'s holdings, making the stock its 20th biggest position. Jacobs Levy Equity Management Inc. owned 0.30% of Airbnb worth $250,967,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ABNB. CAP Partners LLC lifted its holdings in shares of Airbnb by 3.6% during the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company's stock worth $293,000 after acquiring an additional 77 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Airbnb by 1.4% during the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company's stock worth $728,000 after acquiring an additional 78 shares during the period. Ellevest Inc. lifted its holdings in shares of Airbnb by 3.1% during the 4th quarter. Ellevest Inc. now owns 2,655 shares of the company's stock worth $349,000 after acquiring an additional 80 shares during the period. Manchester Capital Management LLC lifted its holdings in shares of Airbnb by 18.2% during the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company's stock worth $69,000 after acquiring an additional 81 shares during the period. Finally, Salvus Wealth Management LLC lifted its holdings in shares of Airbnb by 2.5% during the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company's stock worth $455,000 after acquiring an additional 84 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Airbnb

In related news, CEO Brian Chesky sold 230,772 shares of the firm's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the transaction, the chief executive officer now directly owns 12,000,913 shares in the company, valued at $1,934,067,139.08. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nathan Blecharczyk sold 183,078 shares of the firm's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the transaction, the insider now owns 164,850 shares in the company, valued at $26,046,300. This trade represents a 52.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,983,669 shares of company stock valued at $266,947,699. 27.83% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group upgraded shares of Airbnb from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $110.00 to $153.00 in a report on Friday, February 14th. Benchmark cut their price objective on shares of Airbnb from $178.00 to $155.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Citigroup dropped their target price on shares of Airbnb from $170.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, May 5th. B. Riley dropped their target price on shares of Airbnb from $145.00 to $140.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Finally, Needham & Company LLC reissued a "hold" rating on shares of Airbnb in a research report on Wednesday. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $141.43.

Airbnb Stock Down 0.4%

Shares of ABNB stock traded down $0.60 during mid-day trading on Wednesday, reaching $137.45. 6,148,219 shares of the company were exchanged, compared to its average volume of 4,878,809. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market capitalization of $86.67 billion, a P/E ratio of 33.28, a P/E/G ratio of 3.52 and a beta of 1.14. The business's 50 day simple moving average is $121.48 and its 200 day simple moving average is $131.26.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the previous year, the business posted $0.41 EPS. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. Research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

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.