Ensign Peak Advisors Inc Raises Stake in Airbnb, Inc. (NASDAQ:ABNB)

Ensign Peak Advisors Inc lifted its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 28.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,102 shares of the company's stock after buying an additional 13,717 shares during the period. Ensign Peak Advisors Inc's holdings in Airbnb were worth $8,161,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC bought a new position in Airbnb during the 4th quarter valued at $25,000. Berbice Capital Management LLC acquired a new position in Airbnb during the fourth quarter worth $26,000. Graney & King LLC acquired a new position in Airbnb during the fourth quarter worth $32,000. Whipplewood Advisors LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at about $44,000. Finally, Cromwell Holdings LLC grew its position in shares of Airbnb by 82.5% in the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock valued at $49,000 after purchasing an additional 170 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Insider Activity at Airbnb

In other news, CEO Brian Chesky sold 115,385 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $160.32, for a total value of $18,498,523.20. Following the completion of the sale, the chief executive officer now directly owns 11,885,528 shares of the company's stock, valued at approximately $1,905,487,848.96. This trade represents a 0.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $161.05, for a total transaction of $112,735.00. Following the completion of the sale, the chief technology officer now directly owns 180,514 shares of the company's stock, valued at approximately $29,071,779.70. This represents a 0.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,533,331 shares of company stock valued at $195,015,055. Insiders own 27.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Baird R W upgraded shares of Airbnb from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. decreased their price target on shares of Airbnb from $160.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Hsbc Global Res raised shares of Airbnb from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Phillip Securities lowered shares of Airbnb from a "hold" rating to a "moderate sell" rating in a research note on Friday, May 9th. Finally, UBS Group reduced their price objective on shares of Airbnb from $160.00 to $138.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Four investment analysts have rated the stock with a sell rating, sixteen have given 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, the company presently has an average rating of "Hold" and an average target price of $141.43.

Airbnb Price Performance

Shares of NASDAQ:ABNB traded up $1.21 during trading on Friday, reaching $138.00. The company had a trading volume of 3,673,218 shares, compared to its average volume of 4,868,129. The company has a fifty day moving average of $121.83 and a two-hundred day moving average of $131.26. The stock has a market capitalization of $87.01 billion, a P/E ratio of 33.41, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Airbnb's quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 EPS. Equities research analysts forecast 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.