Plato Investment Management Ltd Buys 3,290 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Plato Investment Management Ltd increased its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 36.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,395 shares of the company’s stock after purchasing an additional 3,290 shares during the period. Plato Investment Management Ltd’s holdings in Airbnb were worth $1,635,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in Airbnb during the fourth quarter worth $3,028,000. Jones Financial Companies Lllp boosted its stake in shares of Airbnb by 43.0% during the fourth quarter. Jones Financial Companies Lllp now owns 7,166 shares of the company’s stock valued at $942,000 after purchasing an additional 2,155 shares during the period. Smartleaf Asset Management LLC lifted its stake in Airbnb by 31.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,182 shares of the company’s stock worth $288,000 after acquiring an additional 523 shares during the period. Sherman Asset Management Inc. purchased a new stake in Airbnb in the fourth quarter worth about $57,000. Finally, Metis Global Partners LLC lifted its stake in Airbnb by 11.1% in the fourth quarter. Metis Global Partners LLC now owns 21,767 shares of the company’s stock worth $2,860,000 after acquiring an additional 2,183 shares during the period. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

ABNB has been the subject of several analyst reports. Truist Financial decreased their price target on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Evercore ISI increased their price objective on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research report on Wednesday, January 15th. Barclays raised their price target on shares of Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a research report on Friday, February 14th. UBS Group raised their price target on shares of Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Finally, Benchmark raised their price target on shares of Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $146.48.

Insider Transactions at Airbnb

In other news, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction on Monday, December 9th. The stock was sold at an average price of $137.49, for a total transaction of $5,288,002.89. Following the transaction, the chief executive officer now owns 12,577,839 shares in the company, valued at $1,729,327,084.11. The trade was a 0.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nathan Blecharczyk sold 26,154 shares of Airbnb stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $145.00, for a total value of $3,792,330.00. Following the transaction, the insider now owns 159,337 shares in the company, valued at approximately $23,103,865. This represents a 14.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,087,020 shares of company stock worth $295,392,297 in the last quarter. Company insiders own 27.83% of the company’s stock.

Airbnb Trading Up 1.5 %

Shares of ABNB opened at $140.98 on Tuesday. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm’s fifty day moving average is $136.65 and its two-hundred day moving average is $132.18. The stock has a market cap of $88.89 billion, a PE ratio of 34.14, a price-to-earnings-growth ratio of 3.52 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 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%. Research analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

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.