Allspring Global Investments Holdings LLC Increases Position in Airbnb, Inc. (NASDAQ:ABNB)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,318 shares of the company’s stock after purchasing an additional 1,371 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Airbnb were worth $7,803,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Airbnb by 43.0% in the 3rd quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock valued at $4,697,896,000 after acquiring an additional 10,301,746 shares during the period. Norges Bank acquired a new position in shares of Airbnb during the 4th quarter worth about $332,438,000. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Airbnb during the 3rd quarter worth about $235,338,000. Northern Trust Corp lifted its stake in Airbnb by 41.3% in the 3rd quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock valued at $598,745,000 after buying an additional 1,276,456 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Airbnb in the 1st quarter worth about $173,967,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Trading Up 1.1 %

NASDAQ ABNB opened at $158.37 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market cap of $102.48 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 1.99 and a beta of 1.25. The firm has a 50 day simple moving average of $159.21 and a 200-day simple moving average of $141.97. Airbnb, Inc. has a one year low of $103.55 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Equities research analysts anticipate that Airbnb, Inc. will post 4.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Tigress Financial increased their target price on Airbnb from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, April 5th. BMO Capital Markets raised their price objective on Airbnb from $134.00 to $135.00 and gave the company a “market perform” rating in a report on Wednesday, February 14th. Mizuho lifted their target price on shares of Airbnb from $130.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. B. Riley Financial started coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 target price for the company. Finally, Truist Financial boosted their price target on shares of Airbnb from $118.00 to $131.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $147.58.

Insider Buying and Selling

In other news, CTO Aristotle N. Balogh sold 78,682 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the completion of the transaction, the chief technology officer now directly owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CTO Aristotle N. Balogh sold 78,682 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the completion of the transaction, the chief technology officer now owns 144,331 shares in the company, valued at $24,435,238.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Brian Chesky sold 4,350 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $140.03, for a total value of $609,130.50. Following the completion of the sale, the chief executive officer now owns 14,933,297 shares in the company, valued at $2,091,109,578.91. The disclosure for this sale can be found here. Insiders sold 490,584 shares of company stock valued at $77,302,032 in the last three months. 30.84% of the stock is owned by corporate insiders.

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.