PDT Partners LLC Acquires 14,100 Shares of Airbnb, Inc. (NASDAQ:ABNB)

PDT Partners LLC lifted its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 45.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,350 shares of the company's stock after purchasing an additional 14,100 shares during the period. Airbnb accounts for 0.5% of PDT Partners LLC's portfolio, making the stock its 19th largest position. PDT Partners LLC's holdings in Airbnb were worth $5,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in Airbnb by 52.1% during the 4th quarter. AQR Capital Management LLC now owns 2,365,847 shares of the company's stock valued at $310,896,000 after purchasing an additional 809,964 shares during the period. Northern Trust Corp raised its stake in shares of Airbnb by 8.4% during the fourth quarter. Northern Trust Corp now owns 4,296,835 shares of the company's stock worth $564,647,000 after buying an additional 331,607 shares during the last quarter. Mission Creek Capital Partners Inc. lifted its holdings in Airbnb by 3.9% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 9,403 shares of the company's stock valued at $1,236,000 after buying an additional 353 shares during the period. Gerber Kawasaki Wealth & Investment Management boosted its stake in Airbnb by 11.8% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 2,007 shares of the company's stock valued at $264,000 after acquiring an additional 212 shares during the last quarter. Finally, Johnson Financial Group Inc. grew its holdings in Airbnb by 5.8% during the 4th quarter. Johnson Financial Group Inc. now owns 14,555 shares of the company's stock worth $1,909,000 after acquiring an additional 796 shares during the period. Institutional investors own 80.76% of the company's stock.

Airbnb Stock Performance

Shares of ABNB stock traded up $1.25 on Friday, reaching $125.26. The stock had a trading volume of 11,298,716 shares, compared to its average volume of 4,891,282. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $165.50. The firm has a market capitalization of $78.98 billion, a price-to-earnings ratio of 30.33, a P/E/G ratio of 3.52 and a beta of 1.15. The firm's 50-day moving average is $123.48 and its two-hundred day moving average is $131.63. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Airbnb's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. On average, research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 700 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $129.58, for a total transaction of $90,706.00. Following the completion of the sale, the chief technology officer now owns 181,914 shares in the company, valued at approximately $23,572,416.12. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Brian Chesky sold 38,461 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $129.87, for a total transaction of $4,994,930.07. Following the completion of the transaction, the chief executive officer now owns 12,421,986 shares in the company, valued at approximately $1,613,243,321.82. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,998,846 shares of company stock valued at $272,488,196 in the last quarter. 27.83% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on ABNB shares. Evercore ISI reduced their price target on Airbnb from $165.00 to $145.00 and set an "in-line" rating on the stock in a research report on Friday. HSBC upgraded Airbnb from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Hsbc Global Res raised Airbnb from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Benchmark cut their price target on shares of Airbnb from $178.00 to $155.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Cantor Fitzgerald decreased their price objective on shares of Airbnb from $101.00 to $100.00 and set an "underweight" rating for the company in a report on Friday. Four investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Airbnb presently has an average rating of "Hold" and an average price target of $143.97.

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.