XTX Topco Ltd Buys 3,914 Shares of Airbnb, Inc. (NASDAQ:ABNB)

XTX Topco Ltd raised its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 83.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,580 shares of the company's stock after purchasing an additional 3,914 shares during the period. XTX Topco Ltd's holdings in Airbnb were worth $1,127,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ABNB. Golden State Wealth Management LLC purchased a new stake in shares of Airbnb in the 4th quarter valued at $25,000. Berbice Capital Management LLC bought a new position in shares of Airbnb in the fourth quarter worth approximately $26,000. Graney & King LLC purchased a new position in shares of Airbnb in the fourth quarter worth $32,000. Whipplewood Advisors LLC purchased a new stake in Airbnb during the 4th quarter valued at $44,000. Finally, Cromwell Holdings LLC grew its holdings in Airbnb by 82.5% in the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock worth $49,000 after acquiring an additional 170 shares during the last quarter. 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 firm'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 transaction, the insider now directly owns 164,850 shares in the company, valued at $26,046,300. This trade represents a 52.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the company's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $135.47, for a total value of $94,829.00. Following the completion of the sale, the chief technology officer now owns 183,314 shares of the company's stock, valued at $24,833,547.58. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,037,307 shares of company stock valued at $280,842,374. Insiders own 27.83% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Tigress Financial increased their price objective on Airbnb from $195.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, March 14th. Evercore ISI raised their target price on shares of Airbnb to $155.00 and gave the company a "hold" rating in a research note on Wednesday, January 15th. Hsbc Global Res raised shares of Airbnb from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Benchmark lifted their target price on Airbnb from $150.00 to $178.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, Cantor Fitzgerald dropped their target price on shares of Airbnb from $130.00 to $101.00 and set an "underweight" rating on the stock in a report on Wednesday. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $146.94.

Airbnb Trading Up 0.1 %

Shares of Airbnb stock traded up $0.06 on Friday, reaching $112.70. The company had a trading volume of 4,454,614 shares, compared to its average volume of 4,769,809. The firm's 50-day moving average price is $129.19 and its two-hundred day moving average price is $132.31. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $166.74. The firm 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 debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.

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

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.