Assenagon Asset Management S.A. Has $283.57 Million Stake in Airbnb, Inc. $ABNB

Assenagon Asset Management S.A. raised its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 47.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,089,363 shares of the company’s stock after purchasing an additional 674,797 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.34% of Airbnb worth $283,568,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ABNB. Independence Wealth Advisors LLC bought a new position in shares of Airbnb in the fourth quarter valued at about $236,000. True Wealth Design LLC grew its holdings in Airbnb by 30.9% during the 4th quarter. True Wealth Design LLC now owns 1,514 shares of the company’s stock worth $205,000 after acquiring an additional 357 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Airbnb by 37.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 108,607 shares of the company’s stock valued at $15,024,000 after acquiring an additional 29,663 shares in the last quarter. NorthCrest Asset Manangement LLC increased its position in Airbnb by 95.1% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 15,829 shares of the company’s stock valued at $2,151,000 after acquiring an additional 7,716 shares in the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC bought a new position in shares of Airbnb in the fourth quarter worth about $207,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Price Performance

ABNB opened at $132.59 on Tuesday. The company has a market cap of $80.71 billion, a price-to-earnings ratio of 32.82, a price-to-earnings-growth ratio of 1.57 and a beta of 1.12. The firm has a 50 day simple moving average of $129.19 and a 200 day simple moving average of $126.76. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $143.88.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the previous year, the business posted $0.73 earnings per share. Airbnb’s revenue was up 12.9% compared to the same quarter last year. As a group, analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ABNB shares. Wedbush reiterated a “neutral” rating and set a $130.00 target price on shares of Airbnb in a research report on Friday, February 13th. TD Cowen boosted their price objective on shares of Airbnb from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Morgan Stanley set a $120.00 price objective on Airbnb in a report on Friday, February 13th. Argus upgraded Airbnb to a “strong-buy” rating in a research report on Tuesday, February 17th. Finally, UBS Group lifted their target price on Airbnb from $147.00 to $149.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $147.40.

Insider Activity

In related news, insider Nathan Blecharczyk sold 4,260 shares of Airbnb stock in a transaction on Friday, February 20th. The stock was sold at an average price of $125.29, for a total transaction of $533,735.40. Following the completion of the sale, the insider directly owned 49,250 shares of the company’s stock, valued at $6,170,532.50. The trade was a 7.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Elinor Mertz sold 3,750 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $130.00, for a total value of $487,500.00. Following the completion of the sale, the chief financial officer owned 402,417 shares of the company’s stock, valued at $52,314,210. This represents a 0.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 363,510 shares of company stock valued at $47,422,070 in the last 90 days. 27.83% of the stock is owned by company insiders.

Airbnb Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.