Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,423,537 shares of the company's stock after acquiring an additional 122,142 shares during the period. Charles Schwab Investment Management Inc. owned 0.37% of Airbnb worth $329,940,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CVA Family Office LLC bought a new stake in Airbnb in the fourth quarter worth approximately $26,000. Orion Capital Management LLC acquired a new position in shares of Airbnb during the 3rd quarter valued at $27,000. Bfsg LLC bought a new position in Airbnb during the fourth quarter worth $27,000. McGlone Suttner Wealth Management Inc. bought a new position in Airbnb during the fourth quarter worth $30,000. Finally, Venturi Wealth Management LLC grew its holdings in Airbnb by 36.2% in the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the company's stock worth $41,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 80.76% of the company's stock.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 75,500 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $155.31, for a total value of $11,725,905.00. Following the completion of the sale, the chief technology officer now owns 146,131 shares in the company, valued at $22,695,605.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CTO Aristotle N. Balogh sold 75,500 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $155.31, for a total transaction of $11,725,905.00. Following the completion of the transaction, the chief technology officer now directly owns 146,131 shares of the company's stock, valued at $22,695,605.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 76,912 shares of the firm's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $147.79, for a total value of $11,366,824.48. Following the completion of the sale, the chief executive officer now directly owns 14,545,529 shares in the company, valued at $2,149,683,730.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 396,874 shares of company stock worth $63,712,671. Company insiders own 27.83% of the company's stock.

Wall Street Analyst Weigh In

ABNB has been the subject of several recent research reports. Susquehanna boosted their target price on shares of Airbnb from $160.00 to $180.00 and gave the stock a "positive" rating in a research report on Wednesday, February 14th. UBS Group lowered their price objective on Airbnb from $148.00 to $143.00 and set a "neutral" rating for the company in a research note on Wednesday, February 14th. Wells Fargo & Company lifted their target price on Airbnb from $107.00 to $127.00 and gave the company an "underweight" rating in a research report on Monday, April 1st. Benchmark assumed coverage on Airbnb in a report on Thursday, April 11th. They set a "buy" rating and a $190.00 price target for the company. Finally, Needham & Company LLC restated a "hold" rating on shares of Airbnb in a research note on Thursday, April 11th. Four investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $149.19.

Airbnb Price Performance

Shares of Airbnb stock traded down $1.91 on Wednesday, hitting $157.90. 8,149,526 shares of the company traded hands, compared to its average volume of 4,467,498. Airbnb, Inc. has a 12-month low of $103.55 and a 12-month high of $170.10. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. The company has a market cap of $102.17 billion, a P/E ratio of 21.74, a P/E/G ratio of 2.12 and a beta of 1.24. The firm's 50-day simple moving average is $161.59 and its 200 day simple moving average is $145.41.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.09. The company had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. Analysts expect that Airbnb, Inc. will post 4.47 earnings per share for the current fiscal year.

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.