19,890 Shares in Airbnb, Inc. (NASDAQ:ABNB) Purchased by Investment House LLC

Investment House LLC purchased a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,890 shares of the company's stock, valued at approximately $2,614,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ABNB. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb in the fourth quarter worth $25,000. Berbice Capital Management LLC acquired a new stake in Airbnb in the 4th quarter valued at $26,000. Whipplewood Advisors LLC purchased a new position in Airbnb in the fourth quarter valued at about $44,000. Cromwell Holdings LLC lifted its stake in shares of 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 in the last quarter. Finally, Quarry LP purchased a new stake in shares of Airbnb in the third quarter worth about $55,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Airbnb

In other news, CEO Brian Chesky sold 38,461 shares of the firm's stock in a transaction 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 directly owns 12,537,369 shares of the company's stock, valued at approximately $1,674,741,751.02. This trade represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of the company's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $137.00, for a total transaction of $856,250.00. Following the completion of the sale, the chief financial officer now directly owns 491,238 shares of the company's stock, valued at $67,299,606. The trade was a 1.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,094,370 shares of company stock valued at $294,900,910 in the last quarter. Corporate insiders own 27.83% of the company's stock.

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Airbnb Stock Performance

Shares of ABNB stock traded up $2.65 during trading hours on Friday, reaching $128.80. The stock had a trading volume of 8,703,802 shares, compared to its average volume of 4,414,497. The firm has a market capitalization of $81.21 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. The firm has a 50-day simple moving average of $135.72 and a 200-day simple moving average of $133.30. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, equities analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ABNB. B. Riley raised their target price on Airbnb from $131.00 to $145.00 and gave the company a "neutral" rating in a report on Friday, February 14th. UBS Group boosted their target price on shares of Airbnb from $143.00 to $160.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Gordon Haskett raised shares of Airbnb from a "sell" rating to a "hold" rating and set a $143.00 price target for the company in a report on Friday, February 14th. Evercore ISI lifted their price target on shares of Airbnb to $155.00 and gave the stock a "hold" rating in a research note on Wednesday, January 15th. Finally, Jefferies Financial Group upgraded Airbnb from a "hold" rating to a "buy" rating and raised their target price for the company from $165.00 to $185.00 in a research note on Monday, March 10th. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price 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.