Quantbot Technologies LP Grows Position in Airbnb, Inc. (NASDAQ:ABNB)

Quantbot Technologies LP boosted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 114.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 59,589 shares of the company’s stock after buying an additional 31,812 shares during the quarter. Quantbot Technologies LP’s holdings in Airbnb were worth $7,831,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in Airbnb in the fourth quarter worth approximately $25,000. Berbice Capital Management LLC purchased a new position in shares of Airbnb in the 4th quarter worth $26,000. Ashton Thomas Securities LLC bought a new stake in shares of Airbnb in the third quarter worth $30,000. Whipplewood Advisors LLC bought a new stake in shares of Airbnb in the fourth quarter worth $44,000. Finally, Cromwell Holdings LLC increased its position in Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after acquiring an additional 170 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 the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $131.88, for a total transaction of $28,259,905.80. Following the transaction, the director now directly owns 1,285,715 shares in the company, valued at $169,560,094.20. The trade was a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nathan Blecharczyk sold 183,078 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the transaction, the insider now directly owns 164,850 shares of the company’s stock, valued at approximately $26,046,300. This trade represents a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,269,494 shares of company stock worth $318,203,453 over the last 90 days. 27.83% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ABNB shares. DA Davidson raised their target price on Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a research report on Friday, February 14th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research note on Friday, February 14th. Hsbc Global Res raised Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Finally, Argus raised Airbnb from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Airbnb currently has an average rating of “Hold” and an average target price of $148.00.

Airbnb Stock Performance

Shares of Airbnb stock opened at $119.38 on Friday. The firm’s 50 day moving average is $136.49 and its two-hundred day moving average is $132.80. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $75.27 billion, a P/E ratio of 28.91, a P/E/G ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal 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.