Two Sigma Advisers LP Has $404.78 Million Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Two Sigma Advisers LP raised its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 512.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,080,300 shares of the company's stock after purchasing an additional 2,577,000 shares during the quarter. Airbnb comprises about 0.9% of Two Sigma Advisers LP's investment portfolio, making the stock its 22nd biggest position. Two Sigma Advisers LP owned 0.49% of Airbnb worth $404,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ABNB. Hennion & Walsh Asset Management Inc. raised its position in Airbnb by 24.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 3,140 shares of the company's stock valued at $413,000 after purchasing an additional 610 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in Airbnb by 50.7% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 6,827 shares of the company's stock valued at $897,000 after purchasing an additional 2,296 shares in the last quarter. Merit Financial Group LLC acquired a new stake in Airbnb during the 4th quarter valued at $1,330,000. Arkadios Wealth Advisors grew its holdings in Airbnb by 8.2% during the 4th quarter. Arkadios Wealth Advisors now owns 2,967 shares of the company's stock valued at $390,000 after purchasing an additional 225 shares in the last quarter. Finally, HB Wealth Management LLC grew its holdings in Airbnb by 13.2% during the 4th quarter. HB Wealth Management LLC now owns 5,955 shares of the company's stock valued at $783,000 after purchasing an additional 694 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Stock Performance

Shares of NASDAQ ABNB traded down $0.93 during midday trading on Friday, reaching $126.72. 4,370,975 shares of the company traded hands, compared to its average volume of 4,909,810. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The stock has a 50-day moving average price of $122.43 and a 200 day moving average price of $131.04. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market cap of $79.38 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $2.27 billion for 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 revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Sell-side analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Airbnb

In related news, Director Joseph Gebbia sold 214,285 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $132.52, for a total value of $28,397,048.20. Following the sale, the director now directly owns 1,652,015 shares in the company, valued at $218,925,027.80. The trade was a 11.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $145.01, for a total transaction of $101,507.00. Following the completion of the sale, the chief technology officer now owns 173,519 shares in the company, valued at $25,161,990.19. The trade was a 0.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,631,064 shares of company stock valued at $204,677,803. 27.91% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ABNB has been the subject of a number of recent analyst reports. Baird R W raised shares of Airbnb from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Royal Bank of Canada cut their target price on Airbnb from $160.00 to $140.00 and set a "sector perform" rating on the stock in a research report on Friday, May 2nd. Evercore ISI cut their target price on Airbnb from $165.00 to $145.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Canaccord Genuity Group reduced their price objective on shares of Airbnb from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Airbnb in a research report on Friday, May 2nd. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $141.43.

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.