Yousif Capital Management LLC Buys 268 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Yousif Capital Management LLC lifted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,595 shares of the company’s stock after acquiring an additional 268 shares during the period. Yousif Capital Management LLC’s holdings in Airbnb were worth $7,433,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ABNB. Vanguard Group Inc. boosted its holdings in shares of Airbnb by 43.0% in the third quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock worth $4,697,896,000 after acquiring an additional 10,301,746 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Airbnb in the third quarter worth $235,338,000. Northern Trust Corp boosted its stake in Airbnb by 41.3% during the third 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 during the period. Charles Schwab Investment Management Inc. boosted its stake in Airbnb by 69.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,301,395 shares of the company’s stock valued at $315,774,000 after buying an additional 943,520 shares during the period. Finally, Alphinity Investment Management Pty Ltd boosted its stake in Airbnb by 48.3% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 2,496,885 shares of the company’s stock valued at $339,926,000 after buying an additional 813,074 shares during the period. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Down 0.7 %

Shares of NASDAQ:ABNB opened at $161.78 on Thursday. Airbnb, Inc. has a 52-week low of $103.55 and a 52-week high of $170.10. The firm has a market capitalization of $104.68 billion, a P/E ratio of 22.49, a P/E/G ratio of 2.06 and a beta of 1.25. The stock has a 50 day moving average price of $160.10 and a 200-day moving average price of $143.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.09. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. As a group, equities research analysts anticipate that Airbnb, Inc. will post 4.64 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Nathan Blecharczyk sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $146.58, for a total value of $8,794,800.00. Following the sale, the insider now owns 473,762 shares in the company, valued at approximately $69,444,033.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Nathan Blecharczyk sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $146.58, for a total value of $8,794,800.00. Following the sale, the insider now owns 473,762 shares in the company, valued at approximately $69,444,033.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $163.00, for a total value of $97,800.00. Following the completion of the sale, the chief technology officer now owns 144,931 shares in the company, valued at approximately $23,623,753. The disclosure for this sale can be found here. Insiders have sold 463,674 shares of company stock worth $73,516,515 in the last 90 days. Insiders own 30.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ABNB shares. Piper Sandler lifted their price objective on Airbnb from $136.00 to $145.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Benchmark assumed coverage on Airbnb in a report on Thursday, April 11th. They issued a “buy” rating and a $190.00 price objective for the company. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a report on Thursday, April 11th. Royal Bank of Canada upped their price objective on Airbnb from $140.00 to $150.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 14th. Finally, B. Riley assumed coverage on Airbnb in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price objective for the company. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $149.19.

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.