55,441 Shares in Airbnb, Inc. (NASDAQ:ABNB) Acquired by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC bought a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 55,441 shares of the company's stock, valued at approximately $7,286,000.

Several other hedge funds also recently bought and sold shares of ABNB. Golden State Wealth Management LLC purchased a new stake in shares of Airbnb during the fourth quarter worth $25,000. Berbice Capital Management LLC acquired a new stake in Airbnb during the 4th quarter worth $26,000. Graney & King LLC purchased a new stake in Airbnb in the fourth quarter valued at $32,000. Whipplewood Advisors LLC purchased a new position in shares of Airbnb during the fourth quarter worth about $44,000. Finally, Cromwell Holdings LLC increased its position 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. Hedge funds and other institutional investors own 80.76% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on ABNB shares. Canaccord Genuity Group lifted their price target on Airbnb from $165.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Truist Financial lowered their price objective on shares of Airbnb from $123.00 to $112.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Wedbush restated an "outperform" rating and set a $155.00 price objective on shares of Airbnb in a research report on Tuesday, February 4th. Robert W. Baird dropped their price target on shares of Airbnb from $175.00 to $160.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th. Finally, Benchmark boosted their target price on Airbnb from $150.00 to $178.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $146.94.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $114.68, for a total value of $80,276.00. Following the completion of the transaction, the chief technology officer now directly owns 222,822 shares in the company, valued at approximately $25,553,226.96. This trade represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nathan Blecharczyk sold 2,712 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $156.32, for a total value of $423,939.84. Following the sale, the insider now owns 159,337 shares in the company, valued at $24,907,559.84. The trade was a 1.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,037,307 shares of company stock valued at $280,842,374. Insiders own 27.83% of the company's stock.

Airbnb Stock Up 0.1 %

NASDAQ ABNB traded up $0.06 during mid-day trading on Friday, reaching $112.70. 4,454,614 shares of the company's stock traded hands, compared to its average volume of 4,766,464. The company has a fifty day simple moving average of $129.62 and a 200-day simple moving average of $132.40. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $166.74. The company has a market cap of $71.06 billion, a price-to-earnings ratio of 27.29, a P/E/G ratio of 3.52 and a beta of 1.15. 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 released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates 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 research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Airbnb Company 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.