Aster Capital Management DIFC Ltd Makes New Investment in Airbnb, Inc. (NASDAQ:ABNB)

Aster Capital Management DIFC Ltd bought a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,999 shares of the company's stock, valued at approximately $1,445,000.

Several other large investors also recently modified their holdings of the business. Golden State Wealth Management LLC bought a new stake in Airbnb in the 4th quarter valued at $25,000. Berbice Capital Management LLC acquired a new stake in shares of Airbnb in the 4th quarter valued at about $26,000. Graney & King LLC bought a new stake in shares of Airbnb in the fourth quarter valued at about $32,000. Whipplewood Advisors LLC acquired a new position in shares of Airbnb during the fourth quarter worth about $44,000. Finally, Cromwell Holdings LLC grew its holdings in shares of Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock worth $49,000 after buying an additional 170 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ABNB. Robert W. Baird reduced their price target on Airbnb from $175.00 to $160.00 and set an "outperform" rating for the company in a research report on Tuesday, March 25th. Barclays boosted their price objective on shares of Airbnb from $110.00 to $120.00 and gave the stock an "underweight" rating in a research report on Friday, February 14th. Canaccord Genuity Group raised their target price on shares of Airbnb from $165.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, February 14th. The Goldman Sachs Group raised shares of Airbnb from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $110.00 to $153.00 in a research report on Friday, February 14th. Finally, Evercore ISI raised their price objective on Airbnb to $155.00 and gave the company a "hold" rating in a report on Wednesday, January 15th. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $146.56.

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Airbnb Stock Performance

NASDAQ ABNB traded up $0.14 on Friday, reaching $114.05. The stock had a trading volume of 1,992,390 shares, compared to its average volume of 4,731,412. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $166.74. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market cap of $71.91 billion, a P/E ratio of 27.57, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. The firm has a fifty day moving average of $131.53 and a two-hundred day moving average of $132.95.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. On average, equities research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $129.82, for a total transaction of $90,874.00. Following the sale, the chief technology officer now directly owns 184,014 shares of the company's stock, valued at approximately $23,888,697.48. This represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the business's stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $108.76, for a total value of $23,305,636.60. Following the completion of the transaction, the director now directly owns 2,294,870 shares of the company's stock, valued at approximately $249,590,061.20. This trade represents a 8.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,245,342 shares of company stock valued at $307,735,023. 27.83% of the stock is currently owned by company insiders.

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.