Is Airbnb (ABNB) a High Growth Stock?
π ClearBridge Investments highlighted Airbnb as a top growth stock with strong margins and cash generation in its Q4 2022 investor letter.
π° Airbnb stock closed at $131.60 on February 17, 2023, posting a 29.94% return over the last month.
π The shares lost 24.76% of their value over the previous 52-week period as of early February 2023.
πΌ ClearBridge's Multi Cap Growth Strategy outperformed the Russell 3000 Growth Index in Q4 2022.
π Airbnb operates a platform enabling hosts to offer stays and experiences to guests globally.
π The company has a market capitalization of $83.326 billion as reported in the article.
π ClearBridge noted that Airbnb offers growth exposure balanced with large-cap healthcare stability.
π 58 hedge fund portfolios held Airbnb at the end of Q3 2022, unchanged from the prior quarter.
π« Airbnb was not included in Insider Monkey's list of 30 most popular stocks among hedge funds.
- ClearBridge Investments explicitly identified Airbnb as a stock offering better-than-average growth exposure with strong margins and cash generation.
- The ClearBridge Multi Cap Growth Strategy outperformed its Russell 3000 Growth Index benchmark in the fourth quarter of 2022.
- Airbnb recorded a significant one-month return of 29.94% as of February 17, 2023.
- Airbnb shares lost 24.76% of their value over the last 52 weeks as of February 17, 2023.
- Airbnb was not included in Insider Monkey's list of 30 most popular stocks among hedge funds at the end of Q3 2022.