Quantinno Capital Management LP Has $17.01 Million Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Quantinno Capital Management LP raised its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 257.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 129,453 shares of the company's stock after acquiring an additional 93,213 shares during the period. Quantinno Capital Management LP's holdings in Airbnb were worth $17,012,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ABNB. Norges Bank acquired a new stake in Airbnb during the fourth quarter worth $433,374,000. Clearbridge Investments LLC boosted its stake in Airbnb by 147.3% during the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock worth $571,505,000 after buying an additional 2,590,475 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Airbnb by 174.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company's stock worth $245,268,000 after buying an additional 1,185,892 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Airbnb by 52.1% during the fourth 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 period. Finally, Parnassus Investments LLC lifted its holdings in shares of Airbnb by 8,324.9% during the fourth quarter. Parnassus Investments LLC now owns 655,539 shares of the company's stock valued at $86,144,000 after acquiring an additional 647,758 shares during the period. Institutional investors and hedge funds own 80.76% of the company's stock.

Insider Activity at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $141.93, for a total value of $30,413,470.05. Following the completion of the transaction, the director now directly owns 428,575 shares in the company, valued at approximately $60,827,649.75. This trade represents a 33.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Chesky sold 115,385 shares of the 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 transaction, the chief executive officer now owns 11,885,528 shares of the company's stock, valued at $1,905,487,848.96. This represents a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,533,331 shares of company stock valued at $195,015,055 over the last ninety days. 27.91% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Gordon Haskett raised Airbnb from a "sell" rating to a "hold" rating and set a $143.00 price objective for the company in a report on Friday, February 14th. Wedbush cut Airbnb from an "outperform" rating to a "neutral" rating and cut their price target for the company from $150.00 to $135.00 in a report on Friday, May 2nd. Morgan Stanley lifted their price target on Airbnb from $125.00 to $130.00 and gave the company an "underweight" rating in a report on Thursday, April 17th. Robert W. Baird cut their price target on Airbnb from $175.00 to $160.00 and set an "outperform" rating for the company in a report on Tuesday, March 25th. Finally, Canaccord Genuity Group cut their price target on Airbnb from $190.00 to $180.00 and set a "buy" rating for the company in a report on Monday, April 28th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $141.43.

Airbnb Stock Down 0.8%

NASDAQ ABNB traded down $1.11 during trading on Monday, hitting $136.89. The stock had a trading volume of 2,230,589 shares, compared to its average volume of 4,864,479. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The company has a market capitalization of $85.75 billion, a PE ratio of 33.19, a P/E/G ratio of 3.52 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The company's 50-day moving average price is $121.83 and its two-hundred day moving average price is $131.20.

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

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.