Chicago Partners Investment Group LLC Buys 4,363 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Chicago Partners Investment Group LLC increased its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 43.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,412 shares of the company's stock after purchasing an additional 4,363 shares during the quarter. Chicago Partners Investment Group LLC's holdings in Airbnb were worth $1,885,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new stake in shares of Airbnb in the 3rd quarter worth $25,000. Berbice Capital Management LLC bought a new stake in shares of Airbnb in the fourth quarter valued at about $26,000. Hollencrest Capital Management lifted its stake in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company's stock worth $26,000 after acquiring an additional 200 shares during the period. Ashton Thomas Securities LLC bought a new position in Airbnb during the 3rd quarter worth about $30,000. Finally, Quarry LP purchased a new position in Airbnb during the 3rd quarter valued at about $55,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Price Performance

Airbnb stock opened at $131.17 on Friday. The company has a fifty day simple moving average of $133.69 and a 200-day simple moving average of $130.63. The firm has a market capitalization of $83.16 billion, a price-to-earnings ratio of 46.02, a PEG ratio of 1.74 and a beta of 1.13. The company has a quick ratio of 1.62, a current 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.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The business had revenue of $3.73 billion for the quarter, compared to analysts' expectations of $3.72 billion. During the same period in the prior year, the company posted $2.39 EPS. On average, equities analysts anticipate that Airbnb, Inc. will post 3.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ABNB shares. UBS Group upped their price target on shares of Airbnb from $134.00 to $144.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Cantor Fitzgerald reaffirmed an "underweight" rating and set a $94.00 target price on shares of Airbnb in a research report on Monday, October 7th. Susquehanna boosted their price target on Airbnb from $130.00 to $160.00 and gave the stock a "positive" rating in a research report on Monday, November 11th. Barclays raised their price objective on Airbnb from $100.00 to $110.00 and gave the company an "underweight" rating in a research report on Friday, November 8th. Finally, DA Davidson boosted their target price on shares of Airbnb from $125.00 to $131.00 and gave the stock a "neutral" rating in a report on Monday, November 18th. Six research 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, the stock has a consensus rating of "Hold" and a consensus target price of $139.63.

Insider Activity at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nathan Blecharczyk sold 9,603 shares of Airbnb stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the sale, the insider now directly owns 164,850 shares in the company, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,372,293 shares of company stock valued at $181,759,318. 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.

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