Abacus FCF Advisors LLC bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 49,932 shares of the company's stock, valued at approximately $6,562,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Verde Capital Management boosted its stake in Airbnb by 25.3% in the fourth quarter. Verde Capital Management now owns 21,118 shares of the company's stock valued at $2,775,000 after acquiring an additional 4,269 shares in the last quarter. Tri Ri Asset Management Corp acquired a new position in shares of Airbnb during the third quarter valued at about $6,352,000. Baltimore Washington Financial Advisors Inc. raised its position in shares of Airbnb by 14.8% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company's stock valued at $6,498,000 after purchasing an additional 6,357 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Airbnb by 40.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company's stock worth $90,123,000 after purchasing an additional 197,558 shares in the last quarter. Finally, Sarasin & Partners LLP purchased a new stake in Airbnb during the 4th quarter worth approximately $2,272,000. Institutional investors own 80.76% of the company's stock.
Insider Buying and Selling
In related news, insider Nathan Blecharczyk sold 183,078 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $158.00, for a total value of $28,926,324.00. Following the completion of the sale, the insider now owns 164,850 shares of the company's stock, valued at approximately $26,046,300. This represents a 52.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Elinor Mertz sold 6,250 shares of the firm's stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $120.00, for a total transaction of $750,000.00. Following the sale, the chief financial officer now owns 491,330 shares of the company's stock, valued at approximately $58,959,600. The trade was a 1.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,251,592 shares of company stock worth $308,485,023. 27.83% of the stock is owned by insiders.
Airbnb Price Performance
Shares of NASDAQ ABNB traded up $0.63 during midday trading on Friday, hitting $114.54. The stock had a trading volume of 4,817,277 shares, compared to its average volume of 4,750,950. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a 50 day simple moving average of $131.21 and a 200-day simple moving average of $132.86. The company has a market capitalization of $72.22 billion, a PE ratio of 27.73, a P/E/G ratio of 3.52 and a beta of 1.15. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $166.74.
Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share 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%. On average, sell-side analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on ABNB shares. Baird R W raised shares of Airbnb from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Morgan Stanley lifted their price target on Airbnb from $115.00 to $125.00 and gave the stock an "underweight" rating in a research report on Monday, January 13th. Evercore ISI increased their price objective on Airbnb to $155.00 and gave the company a "hold" rating in a report on Wednesday, January 15th. Barclays upped their target price on Airbnb from $110.00 to $120.00 and gave the company an "underweight" rating in a research report on Friday, February 14th. Finally, Tigress Financial increased their price target on shares of Airbnb from $195.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, March 14th. Five equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Airbnb has an average rating of "Hold" and an average price target of $146.56.
Check Out Our Latest Research Report on ABNB
About Airbnb
(
Free Report)
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.
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