Everence Capital Management Inc. Has $1.22 Million Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Everence Capital Management Inc. increased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 19.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,280 shares of the company’s stock after acquiring an additional 1,500 shares during the period. Everence Capital Management Inc.’s holdings in Airbnb were worth $1,219,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Airbnb by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 2,572 shares of the company’s stock worth $338,000 after purchasing an additional 685 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Airbnb by 215.5% during the fourth quarter. Versant Capital Management Inc now owns 751 shares of the company’s stock worth $99,000 after buying an additional 513 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Airbnb by 17.9% during the third quarter. Principal Financial Group Inc. now owns 680,539 shares of the company’s stock worth $86,299,000 after buying an additional 103,087 shares in the last quarter. Retirement Systems of Alabama lifted its stake in Airbnb by 5.7% in the 3rd quarter. Retirement Systems of Alabama now owns 341,031 shares of the company’s stock valued at $43,246,000 after acquiring an additional 18,407 shares in the last quarter. Finally, Tri Ri Asset Management Corp acquired a new position in Airbnb during the 3rd quarter worth approximately $6,352,000. 80.76% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Brian Chesky sold 38,460 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $133.97, for a total transaction of $5,152,486.20. Following the completion of the transaction, the chief executive officer now directly owns 13,200,529 shares in the company, valued at $1,768,474,870.13. This represents a 0.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $130.15, for a total transaction of $78,090.00. Following the completion of the transaction, the chief technology officer now directly owns 194,044 shares of the company’s stock, valued at approximately $25,254,826.60. The trade was a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 675,961 shares of company stock worth $90,169,271. Insiders own 27.83% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on ABNB. Bank of America lifted their price objective on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Citigroup increased their price objective on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Jefferies Financial Group lifted their target price on Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Raymond James assumed coverage on Airbnb in a report on Friday, September 27th. They set a “market perform” rating and a $134.00 target price on the stock. Finally, Benchmark reaffirmed a “buy” rating and set a $155.00 price target on shares of Airbnb in a research report on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $139.48.

Airbnb Stock Up 3.2 %

ABNB stock opened at $135.71 on Friday. The company has a market cap of $86.04 billion, a PE ratio of 47.62, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The business has a 50-day simple moving average of $135.46 and a 200 day simple moving average of $133.37.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period last year, the company posted $2.39 EPS. Sell-side analysts anticipate that Airbnb, Inc. will post 3.99 EPS for the current fiscal year.

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.