OLD Mission Capital LLC Takes $347,000 Position in Airbnb, Inc. (NASDAQ:ABNB)

OLD Mission Capital LLC purchased a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,637 shares of the company's stock, valued at approximately $347,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Verde Capital Management raised its holdings in shares of Airbnb by 25.3% in the 4th quarter. Verde Capital Management now owns 21,118 shares of the company's stock valued at $2,775,000 after purchasing an additional 4,269 shares during the period. Tri Ri Asset Management Corp bought a new stake in Airbnb in the third quarter valued at approximately $6,352,000. Baltimore Washington Financial Advisors Inc. lifted its position in shares of Airbnb by 14.8% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company's stock valued at $6,498,000 after buying an additional 6,357 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Airbnb by 40.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company's stock worth $90,123,000 after acquiring an additional 197,558 shares during the period. Finally, Sarasin & Partners LLP acquired a new position in shares of Airbnb during the 4th quarter worth approximately $2,272,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. 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. 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 increased their price target on shares of Airbnb from $115.00 to $125.00 and gave the company an "underweight" rating in a report on Monday, January 13th. Wells Fargo & Company reduced their price objective on Airbnb from $134.00 to $100.00 and set an "underweight" rating for the company in a report on Monday. Finally, Canaccord Genuity Group increased their target price on Airbnb from $165.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $146.56.

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Airbnb Trading Up 0.6 %

NASDAQ:ABNB traded up $0.63 during trading hours on Friday, hitting $114.54. 4,817,277 shares of the company were exchanged, compared to its average volume of 4,746,765. The stock has a market capitalization of $72.22 billion, a price-to-earnings ratio of 27.73, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. Airbnb, Inc. has a one year low of $99.88 and a one year high of $166.74. The company has a fifty day simple moving average of $131.21 and a 200 day simple moving average of $132.84. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Sell-side analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $128.95, for a total value of $27,632,050.75. Following the completion of the transaction, the director now directly owns 1,071,430 shares of the company's stock, valued at approximately $138,160,898.50. This trade represents a 16.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nathan Blecharczyk sold 183,078 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $158.00, for a total value of $28,926,324.00. Following the sale, the insider now owns 164,850 shares in the company, valued at approximately $26,046,300. The trade was a 52.62 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,251,592 shares of company stock worth $308,485,023. Company insiders own 27.83% of the company's stock.

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.