Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC increased its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 25.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 296,500 shares of the company's stock after acquiring an additional 59,324 shares during the period. Airbnb makes up about 2.6% of Quinn Opportunity Partners LLC's holdings, making the stock its 5th largest holding. Quinn Opportunity Partners LLC's holdings in Airbnb were worth $38,963,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ABNB. CAP Partners LLC grew its stake in shares of Airbnb by 3.6% during the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company's stock worth $293,000 after purchasing an additional 77 shares in the last quarter. Lindbrook Capital LLC lifted its stake in Airbnb by 1.4% during the fourth quarter. Lindbrook Capital LLC now owns 5,540 shares of the company's stock worth $728,000 after purchasing an additional 78 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in Airbnb by 18.2% in the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company's stock valued at $69,000 after purchasing an additional 81 shares in the last quarter. Salvus Wealth Management LLC lifted its position in shares of Airbnb by 2.5% during the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company's stock worth $455,000 after buying an additional 84 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Airbnb by 2.3% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 4,285 shares of the company's stock valued at $565,000 after buying an additional 95 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, CEO Brian Chesky sold 38,461 shares of the company's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $133.19, for a total transaction of $5,122,620.59. Following the completion of the transaction, the chief executive officer now directly owns 12,460,447 shares in the company, valued at $1,659,606,935.93. This represents a 0.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nathan Blecharczyk sold 183,078 shares of Airbnb stock in a transaction that occurred on 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 sale, the insider now directly owns 164,850 shares in the company, valued at approximately $26,046,300. This trade represents a 52.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,036,607 shares of company stock valued at $280,762,098 in the last quarter. Company insiders own 27.83% of the company's stock.

Airbnb Trading Up 1.3 %

NASDAQ:ABNB traded up $1.42 on Tuesday, reaching $114.64. The stock had a trading volume of 5,179,812 shares, compared to its average volume of 4,750,989. The firm's fifty day moving average is $130.88 and its two-hundred day moving average is $132.76. 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 12-month low of $99.88 and a 12-month high of $166.74. The company has a market cap of $72.29 billion, a price-to-earnings ratio of 27.76, a P/E/G ratio of 3.52 and a beta of 1.15.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping 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%. Equities analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on ABNB. Bank of America upped their price objective on shares of Airbnb from $154.00 to $159.00 and gave the company a "neutral" rating in a research note on Wednesday, December 18th. DA Davidson raised their price target on Airbnb from $131.00 to $170.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. UBS Group boosted their price objective on Airbnb from $143.00 to $160.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. The Goldman Sachs Group raised Airbnb from a "sell" rating to a "neutral" rating and increased their price objective for the company from $110.00 to $153.00 in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Airbnb from $160.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $146.56.

Airbnb Company 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.