Frank Rimerman Advisors LLC Buys 689 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Frank Rimerman Advisors LLC grew its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 19.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,256 shares of the company’s stock after acquiring an additional 689 shares during the period. Frank Rimerman Advisors LLC’s holdings in Airbnb were worth $559,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ABNB. Pacer Advisors Inc. lifted its position in shares of Airbnb by 6,085.6% in the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after acquiring an additional 4,172,985 shares in the last quarter. Meritage Group LP purchased a new position in shares of Airbnb in the third quarter valued at about $160,985,000. Principal Financial Group Inc. lifted its position in shares of Airbnb by 174.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock valued at $245,268,000 after acquiring an additional 1,185,892 shares in the last quarter. Edgewood Management LLC lifted its position in shares of Airbnb by 9.2% in the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after acquiring an additional 1,143,464 shares in the last quarter. Finally, Temasek Holdings Private Ltd lifted its position in shares of Airbnb by 91.3% in the third quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock valued at $294,726,000 after acquiring an additional 1,109,076 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Trading Up 2.9 %

ABNB opened at $122.86 on Monday. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The stock has a market cap of $77.47 billion, a price-to-earnings ratio of 29.75, a P/E/G ratio of 3.52 and a beta of 1.10. The stock’s 50 day moving average price is $136.23 and its 200-day moving average price is $133.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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 analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ABNB. Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Robert W. Baird upgraded Airbnb from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $140.00 to $175.00 in a research report on Friday, February 14th. HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Morgan Stanley boosted their target price on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. Finally, JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Airbnb has an average rating of “Hold” and a consensus target price of $148.15.

Insider Buying and Selling

In related news, CEO Brian Chesky sold 38,461 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $133.58, for a total value of $5,137,620.38. Following the transaction, the chief executive officer now owns 12,537,369 shares of the company’s stock, valued at $1,674,741,751.02. This represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $131.88, for a total value of $28,259,905.80. Following the completion of the transaction, the director now directly owns 1,285,715 shares in the company, valued at approximately $169,560,094.20. This trade represents a 14.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,269,494 shares of company stock valued at $318,203,453 over the last quarter. 27.83% of the stock is owned by corporate insiders.

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.