Pursue Wealth Partners LLC Has $1.08 Million Stake in Airbnb, Inc. (NASDAQ:ABNB)

Pursue Wealth Partners LLC lifted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 17.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,943 shares of the company’s stock after purchasing an additional 1,197 shares during the quarter. Pursue Wealth Partners LLC’s holdings in Airbnb were worth $1,081,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position 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 buying an additional 10,301,746 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Airbnb in the 3rd quarter valued at $235,338,000. Northern Trust Corp raised its position 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 during the last quarter. Charles Schwab Investment Management Inc. raised its position in Airbnb by 69.5% in the 3rd 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 last quarter. Finally, Alphinity Investment Management Pty Ltd raised its position in Airbnb by 48.3% in the 4th 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 last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Price Performance

Shares of NASDAQ ABNB traded up $1.22 during midday trading on Friday, hitting $164.23. 2,821,077 shares of the company’s stock were exchanged, compared to its average volume of 2,991,706. Airbnb, Inc. has a 12-month low of $103.55 and a 12-month high of $170.10. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. The company has a market cap of $106.27 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 2.18 and a beta of 1.25. The business’s fifty day moving average price is $160.44 and its two-hundred day moving average price is $143.51.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.67 by $0.09. The company 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, research analysts forecast that Airbnb, Inc. will post 4.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on ABNB. Susquehanna increased their price target on Airbnb from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Wednesday, February 14th. Bank of America lifted their target price on Airbnb from $155.00 to $168.00 and gave the stock a “neutral” rating in a research note on Thursday, March 14th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research note on Thursday, April 11th. Truist Financial lifted their target price on Airbnb from $118.00 to $131.00 and gave the stock a “hold” rating in a research note on Thursday, March 14th. Finally, Mizuho upgraded Airbnb from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $150.00 to $200.00 in a research note on Wednesday. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $149.19.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $157.24, for a total value of $94,344.00. Following the completion of the sale, the chief technology officer now owns 221,104 shares in the company, valued at approximately $34,766,392.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $157.24, for a total transaction of $94,344.00. Following the completion of the transaction, the chief technology officer now owns 221,104 shares in the company, valued at $34,766,392.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Nathan Blecharczyk sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $146.58, for a total value of $8,794,800.00. Following the transaction, the insider now owns 473,762 shares of the company’s stock, valued at approximately $69,444,033.96. The disclosure for this sale can be found here. Insiders sold 456,274 shares of company stock worth $72,410,859 in the last quarter. 30.84% of the stock is owned by 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.