31,085 Shares in Airbnb, Inc. (NASDAQ:ABNB) Bought by Define Financial LLC

Define Financial LLC purchased a new position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 31,085 shares of the company's stock, valued at approximately $4,085,000. Airbnb makes up about 3.1% of Define Financial LLC's investment portfolio, making the stock its 9th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ABNB. Northwest Investment Counselors LLC acquired a new position in shares of Airbnb in the 3rd quarter valued at about $25,000. Hollencrest Capital Management lifted its holdings in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company's stock worth $26,000 after acquiring an additional 200 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Airbnb in the third quarter worth about $30,000. Quarry LP acquired a new position in Airbnb in the third quarter valued at approximately $55,000. Finally, CVA Family Office LLC grew its holdings in shares of Airbnb by 131.2% during the third quarter. CVA Family Office LLC now owns 474 shares of the company's stock valued at $60,000 after purchasing an additional 269 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Nathan Blecharczyk sold 9,603 shares of the company's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the transaction, the insider now directly owns 164,850 shares of the company's stock, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Gebbia sold 11,635 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total value of $1,596,322.00. Following the completion of the sale, the director now directly owns 16,472 shares of the company's stock, valued at approximately $2,259,958.40. This represents a 41.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 915,997 shares of company stock worth $122,800,660 over the last 90 days. 27.83% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on ABNB. Truist Financial cut their price target on Airbnb from $124.00 to $123.00 and set a "hold" rating on the stock in a report on Wednesday, December 4th. Robert W. Baird raised their target price on Airbnb from $120.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Jefferies Financial Group upped their price target on shares of Airbnb from $120.00 to $135.00 and gave the stock a "hold" rating in a research report on Tuesday, October 22nd. UBS Group lifted their price objective on shares of Airbnb from $134.00 to $144.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Finally, JMP Securities restated a "market perform" rating on shares of Airbnb in a research report on Monday, December 16th. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $139.81.

Airbnb Price Performance

Shares of NASDAQ ABNB traded up $4.92 during mid-day trading on Wednesday, reaching $132.52. The company had a trading volume of 3,670,587 shares, compared to its average volume of 3,709,536. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The stock has a market cap of $84.01 billion, a PE ratio of 46.50, a P/E/G ratio of 1.93 and a beta of 1.13. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $134.62 and a two-hundred day moving average price of $132.22.

Airbnb (NASDAQ:ABNB - Get Free Report) 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). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The company had revenue of $3.73 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same period in the prior year, the business posted $2.39 EPS. On average, equities analysts anticipate that Airbnb, Inc. will post 3.99 earnings per share for the current year.

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.