Sei Investments Co. Acquires 7,531 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Sei Investments Co. increased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 1.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 738,693 shares of the company’s stock after purchasing an additional 7,531 shares during the period. Sei Investments Co. owned 0.12% of Airbnb worth $97,072,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in Airbnb during the fourth quarter worth approximately $25,000. Berbice Capital Management LLC acquired a new stake in Airbnb during the fourth quarter worth approximately $26,000. Whipplewood Advisors LLC acquired a new stake in Airbnb during the fourth quarter worth approximately $44,000. Cromwell Holdings LLC lifted its position in Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after acquiring an additional 170 shares during the last quarter. Finally, Quarry LP acquired a new stake in Airbnb during the third quarter worth approximately $55,000. Institutional investors own 80.76% of the company’s stock.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 20,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $131.87, for a total value of $2,637,400.00. Following the transaction, the chief technology officer now owns 185,414 shares in the company, valued at $24,450,544.18. The trade was a 9.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Chesky sold 230,772 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the completion of the transaction, the chief executive officer now owns 12,000,913 shares in the company, valued at approximately $1,934,067,139.08. The trade was a 1.89 % 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. Company insiders own 27.83% of the company’s stock.

Wall Street Analysts Forecast Growth

ABNB has been the subject of several research reports. Baird R W upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research report on Friday, February 14th. Bank of America lifted their price target on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Wedbush reiterated an “outperform” rating and issued a $155.00 price target on shares of Airbnb in a research report on Tuesday, February 4th. Finally, Benchmark lifted their price target on shares of Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $147.82.

Airbnb Stock Performance

Shares of Airbnb stock opened at $128.80 on Friday. 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 twelve month low of $110.38 and a twelve month high of $170.00. The stock has a market cap of $81.21 billion, a price-to-earnings ratio of 31.19, a P/E/G ratio of 3.52 and a beta of 1.10. The company’s fifty day moving average is $135.72 and its 200 day moving average is $133.30.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share 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%. Sell-side analysts forecast that Airbnb, Inc. will post 4.31 EPS 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.