Renaissance Technologies LLC boosted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 15.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,175,351 shares of the company's stock after buying an additional 558,856 shares during the quarter. Airbnb makes up approximately 0.8% of Renaissance Technologies LLC's portfolio, making the stock its 8th largest holding. Renaissance Technologies LLC owned about 0.66% of Airbnb worth $548,683,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in shares of Airbnb in the fourth quarter valued at $25,000. Berbice Capital Management LLC bought a new stake in Airbnb in the 4th quarter valued at about $26,000. Graney & King LLC bought a new stake in Airbnb in the 4th quarter valued at about $32,000. Whipplewood Advisors LLC purchased a new stake in Airbnb during the fourth quarter valued at about $44,000. Finally, Cromwell Holdings LLC boosted its position in 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 during the period. Institutional investors own 80.76% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on ABNB shares. Evercore ISI upped their price target on shares of Airbnb to $155.00 and gave the company a "hold" rating in a research note on Wednesday, January 15th. Barclays increased their target price on Airbnb from $110.00 to $120.00 and gave the stock an "underweight" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. reduced their price target on Airbnb from $160.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Needham & Company LLC reissued a "hold" rating on shares of Airbnb in a report on Friday, February 14th. Finally, Canaccord Genuity Group lifted their target price on Airbnb from $165.00 to $190.00 and gave the company a "buy" rating in a report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Airbnb currently has a consensus rating of "Hold" and an average price target of $146.56.
Check Out Our Latest Research Report on ABNB
Airbnb Trading Up 0.6 %
Shares of NASDAQ:ABNB traded up $0.63 during midday trading on Friday, hitting $114.54. 4,817,277 shares of the stock traded hands, compared to its average volume of 4,750,950. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The business's 50 day moving average is $131.21 and its two-hundred day moving average is $132.86. The stock has a market capitalization of $72.22 billion, a PE ratio of 27.73, a P/E/G 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.
Airbnb (NASDAQ:ABNB - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating 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%. As a group, research analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.
Insider Activity
In other news, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $120.00, for a total value of $750,000.00. Following the sale, the chief financial officer now directly owns 491,330 shares of the company's stock, valued at approximately $58,959,600. This represents a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the firm's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $129.82, for a total value of $90,874.00. Following the transaction, the chief technology officer now owns 184,014 shares of the company's stock, valued at $23,888,697.48. The trade was a 0.38 % decrease in their ownership of the stock. 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. Corporate insiders own 27.83% of the company's stock.
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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