Dimensional Fund Advisors LP Has $106.77 Million Stake in Airbnb, Inc. (NASDAQ:ABNB)

Dimensional Fund Advisors LP grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 812,476 shares of the company’s stock after purchasing an additional 17,620 shares during the period. Dimensional Fund Advisors LP owned approximately 0.13% of Airbnb worth $106,769,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in Airbnb during the fourth quarter valued at approximately $25,000. Berbice Capital Management LLC bought a new position in shares of Airbnb in the 4th quarter valued at about $26,000. Graney & King LLC acquired a new position in shares of Airbnb during the 4th quarter worth about $32,000. Whipplewood Advisors LLC bought a new stake in shares of Airbnb in the 4th quarter valued at about $44,000. Finally, Cromwell Holdings LLC lifted its stake in Airbnb by 82.5% in the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after purchasing an additional 170 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Trading Up 0.7 %

Shares of ABNB stock opened at $122.51 on Monday. 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, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $165.50. The company has a market cap of $77.25 billion, a PE ratio of 29.66, a P/E/G ratio of 3.52 and a beta of 1.15. The stock’s fifty day moving average price is $125.67 and its two-hundred day moving average price is $131.90.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Equities analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Activity at Airbnb

In other news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total transaction of $89,705.00. Following the sale, the chief technology officer now directly owns 182,614 shares of the company’s stock, valued at approximately $23,401,984.10. This trade represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Brian Chesky sold 38,461 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $129.87, for a total value of $4,994,930.07. Following the completion of the transaction, the chief executive officer now directly owns 12,421,986 shares of the company’s stock, valued at $1,613,243,321.82. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,213,131 shares of company stock valued at $300,179,370. 27.83% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on ABNB shares. Benchmark boosted their price target on Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Canaccord Genuity Group increased their price target on Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 14th. DA Davidson lifted their price objective on shares of Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Wells Fargo & Company dropped their price objective on shares of Airbnb from $134.00 to $100.00 and set an “underweight” rating on the stock in a research report on Monday, April 7th. Finally, Phillip Securities raised shares of Airbnb from a “moderate sell” rating to a “hold” rating in a report on Wednesday, April 23rd. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $146.94.

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.