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

Pursue Wealth Partners LLC increased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 17.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 quarter.

A number of other hedge funds have also made changes to their positions in ABNB. Vanguard Group Inc. increased its position in shares of Airbnb by 43.0% during the 3rd quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock worth $4,697,896,000 after purchasing an additional 10,301,746 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Airbnb during the 3rd quarter worth about $235,338,000. Northern Trust Corp increased its position in shares of Airbnb by 41.3% during the 3rd quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock worth $598,745,000 after purchasing an additional 1,276,456 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Airbnb by 69.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,301,395 shares of the company’s stock worth $315,774,000 after purchasing an additional 943,520 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd increased its position in shares of Airbnb by 48.3% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,496,885 shares of the company’s stock worth $339,926,000 after purchasing an additional 813,074 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 78,682 shares of Airbnb stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $169.30, for a total value of $13,320,862.60. Following the sale, the chief technology officer now directly owns 144,331 shares in the company, valued at $24,435,238.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CTO Aristotle N. Balogh sold 78,682 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $169.30, for a total value of $13,320,862.60. Following the completion of the transaction, the chief technology officer now directly owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nathan Blecharczyk sold 60,000 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $146.58, for a total transaction of $8,794,800.00. Following the completion of the transaction, the insider now directly owns 473,762 shares of the company’s stock, valued at $69,444,033.96. The disclosure for this sale can be found here. Insiders have sold 456,274 shares of company stock worth $72,410,859 over the last ninety days. Insiders own 30.84% of the company’s stock.

Airbnb Stock Up 0.7 %

ABNB stock traded up $1.22 during mid-day trading on Friday, hitting $164.23. 2,821,077 shares of the company were exchanged, compared to its average volume of 2,991,706. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market cap of $106.27 billion, a P/E ratio of 22.68, a P/E/G ratio of 2.18 and a beta of 1.25. The firm’s 50 day simple moving average is $160.44 and its 200 day simple moving average is $143.51. Airbnb, Inc. has a 1-year low of $103.55 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. On average, sell-side analysts predict that Airbnb, Inc. will post 4.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of research analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a report on Thursday, April 11th. Wells Fargo & Company increased their price objective on shares of Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a report on Monday, April 1st. UBS Group decreased their price objective on shares of Airbnb from $148.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Mizuho raised shares of Airbnb from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $150.00 to $200.00 in a report on Wednesday. Finally, Benchmark initiated coverage on shares of Airbnb in a report on Thursday, April 11th. They set a “buy” rating and a $190.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Airbnb has a consensus rating of “Hold” and an average target price of $149.19.

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.