Birch Hill Investment Advisors LLC bought a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,460 shares of the company's stock, valued at approximately $849,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new position in shares of Airbnb during the 3rd quarter valued at approximately $25,000. Golden State Wealth Management LLC bought a new position in shares of Airbnb during the 4th quarter valued at approximately $25,000. Hollencrest Capital Management boosted its position in shares of Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company's stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. Berbice Capital Management LLC bought a new position in shares of Airbnb during the 4th quarter valued at approximately $26,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Airbnb during the 3rd quarter valued at approximately $30,000. 80.76% of the stock is currently owned by institutional investors.
Insider Activity
In other Airbnb news, insider Nathan Blecharczyk sold 9,603 shares of Airbnb stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the transaction, the insider now owns 164,850 shares in the company, valued at $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total value of $28,088,477.80. Following the completion of the transaction, the director now owns 10,321 shares in the company, valued at $1,352,876.68. This trade represents a 95.40 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,417,704 shares of company stock worth $187,654,829. Company insiders own 27.83% of the company's stock.
Airbnb Stock Up 4.5 %
Shares of Airbnb stock traded up $6.00 during trading on Wednesday, hitting $140.52. 6,138,984 shares of the stock traded hands, compared to its average volume of 4,083,255. The firm has a market cap of $89.09 billion, a P/E ratio of 49.31, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The stock's fifty day simple moving average is $132.87 and its 200 day simple moving average is $129.87.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on ABNB. Susquehanna increased their target price on Airbnb from $130.00 to $160.00 and gave the company a "positive" rating in a research report on Monday, November 11th. TD Cowen raised their price target on Airbnb from $150.00 to $155.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Bank of America raised their price target on Airbnb from $154.00 to $159.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. raised their price target on Airbnb from $121.00 to $142.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Finally, Citigroup raised their price target on Airbnb from $135.00 to $158.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Six 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 company has an average rating of "Hold" and a consensus target price of $139.63.
Check Out Our Latest Stock Report on ABNB
Airbnb Company Profile
(
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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