Sherman Asset Management Inc. Acquires Shares of 436 Airbnb, Inc. (NASDAQ:ABNB)

Sherman Asset Management Inc. acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 436 shares of the company’s stock, valued at approximately $57,000.

Other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its position in shares of Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after buying an additional 4,172,985 shares in the last quarter. Meritage Group LP acquired a new position in shares of Airbnb in the 3rd quarter valued at approximately $160,985,000. Principal Financial Group Inc. raised its position 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 buying an additional 1,185,892 shares in the last quarter. Edgewood Management LLC raised its position in shares of Airbnb by 9.2% in the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after buying an additional 1,143,464 shares in the last quarter. Finally, Temasek Holdings Private Ltd raised its position in shares of Airbnb by 91.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock valued at $294,726,000 after buying an additional 1,109,076 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Down 0.4 %

Shares of NASDAQ ABNB opened at $138.87 on Friday. The firm has a market cap of $87.56 billion, a PE ratio of 33.62, a P/E/G ratio of 3.52 and a beta of 1.12. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company’s fifty day simple moving average is $136.52 and its 200 day simple moving average is $131.91. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, sell-side analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

ABNB has been the subject of several analyst reports. Phillip Securities restated a “reduce” rating and issued a $120.00 target price on shares of Airbnb in a research report on Tuesday, November 12th. Truist Financial lowered their price objective on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. HSBC upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. upped their price objective on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Susquehanna upped their price objective on shares of Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a research report on Tuesday, February 18th. Five investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Airbnb has an average rating of “Hold” and a consensus target price of $146.48.

Insider Buying and Selling

In related news, Director Joseph Gebbia sold 19,448 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $137.14, for a total transaction of $2,667,098.72. Following the transaction, the director now directly owns 2,509 shares of the company’s stock, valued at $344,084.26. This represents a 88.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total transaction of $89,705.00. Following the completion of the transaction, the chief technology officer now directly owns 182,614 shares in the company, valued at $23,401,984.10. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,117,468 shares of company stock valued at $299,565,586 over the last ninety days. 27.83% of the stock is owned by corporate insiders.

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.