2,700 Shares in Airbnb, Inc. (NASDAQ:ABNB) Acquired by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd bought a new position in Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, Holdings Channel.com reports. The fund bought 2,700 shares of the company’s stock, valued at approximately $355,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at $25,000. Berbice Capital Management LLC acquired a new stake in Airbnb in the 4th quarter valued at about $26,000. Whipplewood Advisors LLC bought a new position in shares of Airbnb during the 4th quarter valued at about $44,000. Cromwell Holdings LLC grew its stake in shares of Airbnb by 82.5% in the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after purchasing an additional 170 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Airbnb in the 3rd quarter worth approximately $55,000. 80.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ABNB. Tigress Financial lifted their price target on shares of Airbnb from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday. Barclays boosted 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. Robert W. Baird upgraded Airbnb from a “neutral” rating to an “outperform” rating and increased their price target for the company from $140.00 to $175.00 in a research report on Friday, February 14th. UBS Group boosted their price objective on Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Finally, Evercore ISI raised their target price on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a report on Wednesday, January 15th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $148.15.

Insiders Place Their Bets

In other news, insider Nathan Blecharczyk sold 183,078 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 164,850 shares in the company, valued at $26,046,300. The trade was a 52.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Chesky sold 230,772 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 12,000,913 shares of the company’s stock, 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 2,269,494 shares of company stock valued at $318,203,453 in the last quarter. Insiders own 27.83% of the company’s stock.

Airbnb Stock Up 2.9 %

Shares of ABNB stock opened at $122.86 on Friday. The company has a market capitalization of $77.47 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 3.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The stock’s 50 day simple moving average is $136.23 and its 200 day simple moving average is $132.96. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly 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 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 EPS for the current 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.