Crawford Fund Management LLC Invests $3.01 Million in Airbnb, Inc. (NASDAQ:ABNB)

Crawford Fund Management LLC bought a new position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 23,750 shares of the company's stock, valued at approximately $3,012,000. Airbnb accounts for 0.6% of Crawford Fund Management LLC's investment portfolio, making the stock its 25th largest holding.

Several other hedge funds also recently bought and sold shares of ABNB. Northwest Investment Counselors LLC acquired a new stake in Airbnb in the third quarter worth $25,000. Hollencrest Capital Management increased its position in shares of Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company's stock worth $26,000 after acquiring an additional 200 shares in the last quarter. New Millennium Group LLC bought a new stake in shares of Airbnb during the second quarter worth $28,000. Cultivar Capital Inc. bought a new stake in shares of Airbnb during the second quarter worth $30,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Airbnb during the third quarter worth $30,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 230,769 shares of the business's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $27,692,280.00. Following the completion of the sale, the chief executive officer now owns 13,315,912 shares of the company's stock, valued at $1,597,909,440. The trade was a 1.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Nathan Blecharczyk sold 9,603 shares of the business's stock in a transaction dated 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 completion of the sale, the insider now directly owns 164,850 shares of the company's stock, valued at $21,466,767. This represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 718,017 shares of company stock valued at $91,842,052 in the last quarter. Company insiders own 27.83% of the company's stock.

Airbnb Stock Performance

Shares of ABNB stock traded down $1.39 during midday trading on Friday, hitting $138.28. 2,657,033 shares of the company were exchanged, compared to its average volume of 5,991,576. The firm has a market capitalization of $87.67 billion, a P/E ratio of 48.52, a PEG ratio of 1.96 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The firm's 50 day moving average price is $133.86 and its two-hundred day moving average price is $135.47. 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 earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the previous year, the firm posted $2.39 EPS. As a group, equities research analysts anticipate that Airbnb, Inc. will post 4.02 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ABNB shares. Phillip Securities reissued a "reduce" rating and set a $120.00 price objective on shares of Airbnb in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Airbnb from $143.00 to $90.00 and set a "hold" rating for the company in a research report on Wednesday, August 7th. Citigroup increased their price objective on shares of Airbnb from $135.00 to $158.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Truist Financial lowered their price objective on shares of Airbnb from $134.00 to $124.00 and set a "hold" rating for the company in a research report on Wednesday, September 4th. Finally, Susquehanna raised their target price on shares of Airbnb from $130.00 to $160.00 and gave the company a "positive" rating in a research report on Monday, November 11th. Six analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Airbnb currently has a consensus rating of "Hold" and an average target price of $138.97.

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.