Airbnb, Inc. $ABNB Shares Bought by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC raised its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 95.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,829 shares of the company’s stock after acquiring an additional 7,716 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Airbnb were worth $2,151,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ABNB. Harris Associates L P raised its stake in shares of Airbnb by 43.2% in the second quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock valued at $1,884,168,000 after acquiring an additional 4,292,383 shares in the last quarter. Independent Franchise Partners LLP acquired a new position in Airbnb during the 3rd quarter worth $505,672,000. Norges Bank acquired a new position in Airbnb during the 2nd quarter worth $483,644,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Airbnb by 453.5% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock worth $403,782,000 after purchasing an additional 2,724,682 shares during the period. Finally, AQR Capital Management LLC raised its position in Airbnb by 58.6% in the 3rd quarter. AQR Capital Management LLC now owns 4,269,937 shares of the company’s stock valued at $518,456,000 after purchasing an additional 1,577,338 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Performance

NASDAQ:ABNB opened at $132.59 on Tuesday. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $143.88. The stock has a market cap of $80.71 billion, a P/E ratio of 32.82, a P/E/G ratio of 1.57 and a beta of 1.12. The stock has a 50-day simple moving average of $129.19 and a 200-day simple moving average of $126.76.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 12th. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.10). The business had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.71 billion. Airbnb had a return on equity of 30.88% and a net margin of 20.51%.Airbnb’s revenue was up 12.9% on a year-over-year basis. During the same period last year, the business posted $0.73 EPS. On average, equities research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 58,000 shares of the firm’s stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $136.70, for a total transaction of $7,928,600.00. Following the sale, the director owned 576,015 shares of the company’s stock, valued at approximately $78,741,250.50. This trade represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nathan Blecharczyk sold 4,260 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $125.29, for a total transaction of $533,735.40. Following the sale, the insider owned 49,250 shares of the company’s stock, valued at $6,170,532.50. This represents a 7.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 363,510 shares of company stock worth $47,422,070 over the last three months. Insiders own 27.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ABNB shares. Citizens Jmp upgraded Airbnb from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research note on Wednesday, February 4th. Truist Financial upped their target price on shares of Airbnb from $104.00 to $107.00 and gave the stock a “sell” rating in a research note on Thursday, December 4th. BMO Capital Markets raised their target price on shares of Airbnb from $130.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, February 13th. Cantor Fitzgerald set a $121.00 price target on shares of Airbnb in a research note on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Airbnb from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $147.40.

About Airbnb

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.