51,840 Shares in Airbnb, Inc. (NASDAQ:ABNB) Acquired by TFJ Management LLC

TFJ Management LLC bought a new position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 51,840 shares of the company's stock, valued at approximately $6,812,000. Airbnb makes up about 6.1% of TFJ Management LLC's portfolio, making the stock its 5th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Trajan Wealth LLC raised its holdings in Airbnb by 4.1% during the fourth quarter. Trajan Wealth LLC now owns 85,924 shares of the company's stock valued at $11,291,000 after acquiring an additional 3,402 shares during the period. MML Investors Services LLC grew its position in shares of Airbnb by 14.1% during the fourth quarter. MML Investors Services LLC now owns 75,412 shares of the company's stock worth $9,910,000 after purchasing an additional 9,312 shares in the last quarter. Norinchukin Bank The raised its stake in Airbnb by 9.4% during the 4th quarter. Norinchukin Bank The now owns 24,733 shares of the company's stock valued at $3,250,000 after purchasing an additional 2,131 shares during the period. Ossiam lifted its holdings in Airbnb by 232.6% in the 4th quarter. Ossiam now owns 42,477 shares of the company's stock worth $5,582,000 after purchasing an additional 29,706 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in Airbnb in the 4th quarter worth approximately $2,450,000. Institutional investors own 80.76% of the company's stock.

Insider Buying and Selling

In other Airbnb news, insider Nathan Blecharczyk sold 183,078 shares of the company's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the completion of the sale, the insider now owns 164,850 shares in the company, valued at $26,046,300. This represents a 52.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction on Friday, February 14th. The shares were sold at an average price of $161.16, for a total value of $37,191,215.52. Following the completion of the transaction, the chief executive officer now owns 12,000,913 shares in the company, valued at $1,934,067,139.08. This represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,213,131 shares of company stock valued at $300,179,370 over the last three months. 27.83% of the stock is owned by company insiders.

Airbnb Trading Up 2.9 %

Shares of Airbnb stock traded up $3.43 on Thursday, hitting $121.71. 3,687,960 shares of the company traded hands, compared to its average volume of 4,786,660. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The company has a market cap of $76.74 billion, a PE ratio of 29.47, a PEG ratio of 3.52 and a beta of 1.15. The stock's 50 day moving average price is $127.22 and its 200-day moving average price is $132.06. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $166.74.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share 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%. Equities research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on ABNB. Benchmark lifted their price objective on shares of Airbnb from $150.00 to $178.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Morgan Stanley lifted their price target on shares of Airbnb from $125.00 to $130.00 and gave the company an "underweight" rating in a report on Thursday, April 17th. Jefferies Financial Group raised shares of Airbnb from a "hold" rating to a "buy" rating and increased their price objective for the company from $165.00 to $185.00 in a report on Monday, March 10th. B. Riley lifted their target price on Airbnb from $131.00 to $145.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Finally, Wells Fargo & Company dropped their price target on Airbnb from $134.00 to $100.00 and set an "underweight" rating for the company in a research note on Monday, April 7th. Five equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $146.94.

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.