Landscape Capital Management L.L.C. Purchases Shares of 7,627 Airbnb, Inc. (NASDAQ:ABNB)

Landscape Capital Management L.L.C. acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 7,627 shares of the company's stock, valued at approximately $1,002,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in Airbnb in the fourth quarter valued at approximately $25,000. Berbice Capital Management LLC acquired a new position in shares of Airbnb during the 4th quarter worth approximately $26,000. Graney & King LLC bought a new stake in Airbnb in the 4th quarter valued at $32,000. Whipplewood Advisors LLC bought a new stake in Airbnb in the 4th quarter valued at $44,000. Finally, Cromwell Holdings LLC lifted its holdings in Airbnb by 82.5% during the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock valued at $49,000 after purchasing an additional 170 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Joseph Gebbia sold 214,285 shares of the company's stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $108.76, for a total value of $23,305,636.60. Following the sale, the director now directly owns 2,294,870 shares of the company's stock, valued at approximately $249,590,061.20. This represents a 8.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of the business's stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $120.00, for a total transaction of $750,000.00. Following the completion of the transaction, the chief financial officer now owns 491,330 shares in the company, valued at approximately $58,959,600. The trade was a 1.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,251,592 shares of company stock worth $308,485,023 in the last ninety days. Company insiders own 27.83% of the company's stock.

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Airbnb Price Performance

Shares of ABNB traded up $0.63 during trading hours on Friday, reaching $114.54. The stock had a trading volume of 4,817,277 shares, compared to its average volume of 4,746,765. 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 12 month low of $99.88 and a 12 month high of $166.74. The stock has a market capitalization of $72.22 billion, a PE ratio of 27.73, a PEG ratio of 3.52 and a beta of 1.15. The company's 50-day moving average is $131.21 and its two-hundred day moving average is $132.84.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its 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 return on equity of 32.29% and a net margin of 23.85%. Research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on ABNB. Canaccord Genuity Group upped their price objective on shares of Airbnb from $165.00 to $190.00 and gave the company a "buy" rating in a report on Friday, February 14th. Argus raised shares of Airbnb from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Jefferies Financial Group upgraded shares of Airbnb from a "hold" rating to a "buy" rating and raised their price objective for the stock from $165.00 to $185.00 in a research report on Monday, March 10th. JMP Securities reaffirmed a "market perform" rating on shares of Airbnb in a research report on Friday, February 14th. Finally, Gordon Haskett raised 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. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $146.56.

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.