Harvest Fund Management Co. Ltd Has $3.34 Million Stake in Airbnb, Inc. (NASDAQ:ABNB)

Harvest Fund Management Co. Ltd raised its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 23.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 25,633 shares of the company's stock after purchasing an additional 4,919 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Airbnb were worth $3,338,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in ABNB. Golden State Wealth Management LLC acquired a new position in shares of Airbnb in the 4th quarter valued at $25,000. Berbice Capital Management LLC bought a new stake in Airbnb in the fourth quarter valued at about $26,000. Whipplewood Advisors LLC acquired a new position in Airbnb in the fourth quarter worth about $44,000. Cromwell Holdings LLC lifted its stake in Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock worth $49,000 after purchasing an additional 170 shares during the period. Finally, Quarry LP acquired a new stake in Airbnb during the third quarter valued at approximately $55,000. Institutional investors own 80.76% of the company's stock.

Airbnb Trading Up 2.1 %

NASDAQ:ABNB traded up $2.65 during trading hours on Friday, hitting $128.80. The stock had a trading volume of 8,703,802 shares, compared to its average volume of 4,414,497. The business's 50 day moving average is $135.72 and its 200-day moving average is $133.30. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market cap of $81.21 billion, a price-to-earnings ratio of 31.19, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.00.

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Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Transactions at Airbnb

In other Airbnb news, CEO Brian Chesky sold 38,461 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $133.58, for a total transaction of $5,137,620.38. Following the transaction, the chief executive officer now owns 12,537,369 shares of the company's stock, valued at $1,674,741,751.02. The trade was a 0.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the company's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $135.35, for a total value of $94,745.00. Following the sale, the chief technology officer now owns 184,714 shares in the company, valued at approximately $25,001,039.90. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,094,370 shares of company stock valued at $294,900,910 over the last quarter. Corporate insiders own 27.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Needham & Company LLC reiterated a "hold" rating on shares of Airbnb in a research report on Friday, February 14th. Canaccord Genuity Group upped their target price on shares of Airbnb from $165.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, February 14th. HSBC raised shares of Airbnb from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Evercore ISI upped their price objective on shares of Airbnb to $155.00 and gave the stock a "hold" rating in a research note on Wednesday, January 15th. Finally, B. Riley lifted their target price on shares of Airbnb from $131.00 to $145.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Airbnb has an average rating of "Hold" and an average price target of $147.82.

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.