ExodusPoint Capital Management LP acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 52,060 shares of the company's stock, valued at approximately $6,841,000.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Benjamin Edwards Inc. purchased a new stake in Airbnb during the third quarter worth approximately $711,000. Hilltop Holdings Inc. acquired a new position in shares of Airbnb during the third quarter worth $344,000. Janus Henderson Group PLC lifted its position in shares of Airbnb by 4.0% during the third quarter. Janus Henderson Group PLC now owns 54,131 shares of the company's stock worth $6,866,000 after purchasing an additional 2,100 shares in the last quarter. Quarry LP acquired a new position in Airbnb in the 3rd quarter worth $55,000. Finally, Stifel Financial Corp grew its stake in shares of Airbnb by 367.1% during the third quarter. Stifel Financial Corp now owns 504,099 shares of the company's stock valued at $63,925,000 after acquiring an additional 396,185 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.
Airbnb Stock Performance
ABNB stock traded down $9.81 during trading on Thursday, reaching $111.51. The company had a trading volume of 2,671,968 shares, compared to its average volume of 4,716,966. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $166.74. The company has a market cap of $70.31 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. The firm has a 50-day simple moving average of $131.85 and a 200-day simple moving average of $133.07.
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 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%. As a group, sell-side analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. The Goldman Sachs Group raised Airbnb from a "sell" rating to a "neutral" rating and increased their price target for the company from $110.00 to $153.00 in a report on Friday, February 14th. Bank of America raised their price target on shares of Airbnb from $154.00 to $159.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. Baird R W raised shares of Airbnb from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Morgan Stanley raised their price objective on shares of Airbnb from $115.00 to $125.00 and gave the stock an "underweight" rating in a report on Monday, January 13th. Finally, Tigress Financial upped their target price on shares of Airbnb from $195.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, March 14th. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Airbnb presently has a consensus rating of "Hold" and a consensus target price of $146.56.
Read Our Latest Stock Report on Airbnb
Insider Activity at Airbnb
In related news, insider Nathan Blecharczyk sold 183,078 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the transaction, the insider now owns 164,850 shares of the company's stock, valued at approximately $26,046,300. This represents a 52.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $129.82, for a total value of $90,874.00. Following the completion of the transaction, the chief technology officer now directly owns 184,014 shares of the company's stock, valued at approximately $23,888,697.48. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,030,357 shares of company stock valued at $284,351,868. 27.83% of the stock is owned by company insiders.
About Airbnb
(
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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