Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Horizon Investments LLC

Horizon Investments LLC boosted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 41.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,188 shares of the company's stock after buying an additional 3,575 shares during the quarter. Horizon Investments LLC's holdings in Airbnb were worth $1,602,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ABNB. Golden State Wealth Management LLC bought a new stake in shares of Airbnb during the fourth quarter valued at approximately $25,000. Berbice Capital Management LLC purchased a new position in Airbnb during the 4th quarter worth $26,000. Whipplewood Advisors LLC bought a new stake in Airbnb during the 4th quarter valued at $44,000. Cromwell Holdings LLC grew its position in shares of Airbnb by 82.5% during the 4th 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. Finally, Quarry LP purchased a new position in shares of Airbnb during the third quarter valued at $55,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ABNB has been the subject of a number of research reports. Baird R W raised shares of Airbnb from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. UBS Group lifted their price objective on shares of Airbnb from $143.00 to $160.00 and gave the company a "neutral" rating in a report on Friday, February 14th. Argus upgraded Airbnb from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Jefferies Financial Group raised Airbnb from a "hold" rating to a "buy" rating and increased their target price for the company from $165.00 to $185.00 in a research report on Monday, March 10th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Airbnb in a research report on Friday, February 14th. Five analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Airbnb has a consensus rating of "Hold" and a consensus price target of $147.82.

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Airbnb Price Performance

NASDAQ ABNB traded up $1.02 during trading hours on Monday, hitting $129.82. 3,706,153 shares of the company's stock traded hands, compared to its average volume of 4,411,771. The company has a market capitalization of $81.86 billion, a PE ratio of 31.43, a PEG ratio of 3.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.00. The firm's 50-day moving average is $135.72 and its 200-day moving average is $133.43.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted 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 return on equity of 32.29% and a net margin of 23.85%. Equities analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 20,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $131.87, for a total value of $2,637,400.00. Following the completion of the sale, the chief technology officer now owns 185,414 shares of the company's stock, valued at $24,450,544.18. This represents a 9.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Nathan Blecharczyk sold 183,078 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the sale, the insider now owns 164,850 shares of the company's stock, valued at $26,046,300. This represents a 52.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,055,909 shares of company stock valued at $289,763,290 in the last three months. 27.83% of the stock is currently owned by insiders.

About Airbnb

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.