Airbnb, Inc. (NASDAQ:ABNB) Stock Position Decreased by Geo Capital Gestora de Recursos Ltd

Geo Capital Gestora de Recursos Ltd reduced its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 42.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 47,910 shares of the company’s stock after selling 35,112 shares during the period. Airbnb comprises 8.1% of Geo Capital Gestora de Recursos Ltd’s holdings, making the stock its 2nd biggest position. Geo Capital Gestora de Recursos Ltd’s holdings in Airbnb were worth $6,296,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Meritage Group LP purchased a new position in Airbnb in the 3rd quarter worth approximately $160,985,000. Principal Financial Group Inc. lifted its holdings in Airbnb by 174.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock worth $245,268,000 after purchasing an additional 1,185,892 shares in the last quarter. Edgewood Management LLC increased its stake in Airbnb by 9.2% in the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after acquiring an additional 1,143,464 shares during the last quarter. Temasek Holdings Private Ltd increased its stake in Airbnb by 91.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock worth $294,726,000 after acquiring an additional 1,109,076 shares during the last quarter. Finally, Parnassus Investments LLC increased its stake in Airbnb by 8,324.9% in the 4th quarter. Parnassus Investments LLC now owns 655,539 shares of the company’s stock worth $86,144,000 after acquiring an additional 647,758 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Brian Chesky sold 230,772 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the transaction, the chief executive officer now owns 12,000,913 shares in the company, valued at $1,934,067,139.08. This trade represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $135.35, for a total value of $94,745.00. Following the completion of the transaction, the chief technology officer now owns 184,714 shares in the company, valued at approximately $25,001,039.90. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,094,370 shares of company stock worth $294,900,910 over the last quarter. 27.83% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Truist Financial reduced their price objective on Airbnb from $123.00 to $112.00 and set a “hold” rating on the stock in a research note on Friday. Hsbc Global Res raised Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating and boosted their target price for the company from $110.00 to $153.00 in a research report on Friday, February 14th. HSBC raised Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Finally, Bank of America upped their price objective on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $147.82.

Airbnb Stock Up 2.1 %

Airbnb stock opened at $128.80 on Friday. The firm has a market cap of $81.21 billion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. The business’s 50-day moving average price is $135.72 and its 200 day moving average price is $133.18. 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, Inc. has a 52 week low of $110.38 and a 52 week high of $170.00.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (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%. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current 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.