Yousif Capital Management LLC Acquires 268 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Yousif Capital Management LLC increased its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,595 shares of the company’s stock after buying an additional 268 shares during the period. Yousif Capital Management LLC’s holdings in Airbnb were worth $7,433,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Airbnb by 43.0% in the third quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock worth $4,697,896,000 after buying an additional 10,301,746 shares in the last quarter. Northern Trust Corp raised its stake in Airbnb by 41.3% in the third quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock worth $598,745,000 after buying an additional 1,276,456 shares in the last quarter. Legal & General Group Plc raised its stake in Airbnb by 5.0% in the third quarter. Legal & General Group Plc now owns 2,568,807 shares of the company’s stock worth $352,466,000 after buying an additional 121,651 shares in the last quarter. Alphinity Investment Management Pty Ltd raised its stake in Airbnb by 48.3% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 2,496,885 shares of the company’s stock worth $339,926,000 after buying an additional 813,074 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Airbnb by 69.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,301,395 shares of the company’s stock worth $315,774,000 after buying an additional 943,520 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $155.83, for a total transaction of $93,498.00. Following the sale, the chief technology officer now directly owns 221,704 shares of the company’s stock, valued at approximately $34,548,134.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related 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 owns 146,131 shares in the company, valued at approximately $22,695,605.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $155.83, for a total transaction of $93,498.00. Following the transaction, the chief technology officer now owns 221,704 shares of the company’s stock, valued at approximately $34,548,134.32. The disclosure for this sale can be found here. Insiders have sold a total of 463,674 shares of company stock valued at $73,516,515 in the last ninety days. 30.84% of the stock is currently owned by corporate insiders.

Airbnb Trading Down 0.7 %

ABNB stock opened at $161.78 on Thursday. The company’s 50-day simple moving average is $160.10 and its 200-day simple moving average is $143.03. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 52-week low of $103.55 and a 52-week high of $170.10. The firm has a market cap of $104.68 billion, a P/E ratio of 22.49, a PEG ratio of 2.06 and a beta of 1.25.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. As a group, equities analysts forecast that Airbnb, Inc. will post 4.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ABNB shares. DA Davidson reissued a “neutral” rating and issued a $145.00 price objective on shares of Airbnb in a research note on Friday, March 15th. BMO Capital Markets upped their price target on Airbnb from $134.00 to $135.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 14th. Truist Financial upped their price target on Airbnb from $118.00 to $131.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. Piper Sandler upped their price target on Airbnb from $136.00 to $145.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Finally, B. Riley initiated coverage on Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price target on the stock. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $149.19.

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.