Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Vise Technologies Inc.

Vise Technologies Inc. grew its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 48.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,661 shares of the company's stock after purchasing an additional 3,170 shares during the period. Vise Technologies Inc.'s holdings in Airbnb were worth $1,270,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ABNB. Norges Bank bought a new position in shares of Airbnb in the 4th quarter valued at about $433,374,000. Clearbridge Investments LLC lifted its holdings in shares of Airbnb by 147.3% in the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock valued at $571,505,000 after acquiring an additional 2,590,475 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Airbnb by 512.0% in the 4th quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company's stock valued at $404,782,000 after acquiring an additional 2,577,000 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Airbnb by 174.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company's stock valued at $245,268,000 after acquiring an additional 1,185,892 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Airbnb by 52.1% in the 4th quarter. AQR Capital Management LLC now owns 2,365,847 shares of the company's stock valued at $310,896,000 after acquiring an additional 809,964 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.80, for a total transaction of $27,171,338.00. Following the completion of the sale, the director now directly owns 214,290 shares in the company, valued at approximately $27,171,972. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nathan Blecharczyk sold 26,154 shares of Airbnb stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $145.00, for a total transaction of $3,792,330.00. Following the sale, the insider now owns 159,337 shares of the company's stock, valued at $23,103,865. The trade was a 14.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,416,079 shares of company stock worth $174,162,826. Company insiders own 27.91% of the company's stock.

Airbnb Stock Up 2.1%

NASDAQ ABNB traded up $2.68 on Tuesday, hitting $129.40. The stock had a trading volume of 7,241,466 shares, compared to its average volume of 4,920,794. The business's fifty day moving average price is $122.45 and its 200 day moving average price is $130.81. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The stock has a market cap of $81.06 billion, a price-to-earnings ratio of 31.33, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings results 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). Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The firm had revenue of $2.27 billion during the quarter, compared to analysts' expectations of $2.26 billion. During the same period in the prior year, the firm posted $0.41 earnings per share. Airbnb's revenue for the quarter was up 7.4% compared to the same quarter last year. Equities research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. JMP Securities reissued a "market perform" rating on shares of Airbnb in a research note on Friday, May 2nd. JPMorgan Chase & Co. decreased their price objective on shares of Airbnb from $160.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Jefferies Financial Group raised shares of Airbnb from a "hold" rating to a "buy" rating and lifted their price target for the company from $165.00 to $185.00 in a research note on Monday, March 10th. Argus raised shares of Airbnb from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Finally, Baird R W raised shares of Airbnb from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $141.43.

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.