Victory Capital Management Inc. Has $102.93 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Victory Capital Management Inc. raised its stake in Airbnb, Inc. (NASDAQ:ABNB) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 783,253 shares of the company’s stock after purchasing an additional 67,023 shares during the period. Victory Capital Management Inc.’s holdings in Airbnb were worth $102,927,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in shares of Airbnb in the fourth quarter valued at $25,000. Hollencrest Capital Management increased its holdings in shares of Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Berbice Capital Management LLC acquired a new position in shares of Airbnb in the fourth quarter valued at $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Airbnb in the third quarter valued at $30,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Airbnb in the fourth quarter valued at about $44,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ABNB has been the topic of several research reports. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research note on Friday, February 14th. HSBC upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Morgan Stanley upped their price target on shares of Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Piper Sandler upped their price target on shares of Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, JMP Securities restated a “market perform” rating on shares of Airbnb in a research note on Friday, February 14th. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $146.48.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $131.88, for a total transaction of $28,259,905.80. Following the completion of the sale, the director now owns 1,285,715 shares of the company’s stock, valued at approximately $169,560,094.20. This represents a 14.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nathan Blecharczyk sold 26,154 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $145.00, for a total transaction of $3,792,330.00. Following the sale, the insider now directly owns 159,337 shares of the company’s stock, valued at $23,103,865. This represents a 14.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,087,020 shares of company stock valued at $295,392,297. 27.83% of the stock is currently owned by company insiders.

Airbnb Stock Performance

Airbnb stock opened at $142.58 on Thursday. The business has a 50 day moving average of $136.93 and a 200-day moving average of $132.43. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market capitalization of $89.90 billion, a P/E ratio of 34.52, a P/E/G ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, equities research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

About Airbnb

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.