Bryn Mawr Capital Management LLC Acquires 5,356 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Bryn Mawr Capital Management LLC raised its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 73.6% during the 4th quarter, Holdings Channel reports. The fund owned 12,630 shares of the company’s stock after purchasing an additional 5,356 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Airbnb were worth $1,660,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Golden State Wealth Management LLC purchased a new stake in shares of Airbnb during the 4th quarter worth $25,000. Hollencrest Capital Management lifted its position in shares of Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. Berbice Capital Management LLC bought a new stake in shares of Airbnb in the 4th quarter valued at about $26,000. Ashton Thomas Securities LLC purchased a new position in shares of Airbnb in the 3rd quarter worth approximately $30,000. Finally, Quarry LP bought a new position in shares of Airbnb during the 3rd quarter worth approximately $55,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

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 shares were 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 approximately $26,046,300. This represents a 52.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $161.05, for a total transaction of $112,735.00. Following the transaction, the chief technology officer now owns 180,514 shares of the company’s stock, valued at $29,071,779.70. This represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,950,540 shares of company stock valued at $275,598,944. 27.83% of the stock is owned by company insiders.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $155.31 on Friday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. 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 company’s fifty day moving average price is $135.15 and its 200 day moving average price is $130.82. The company has a market capitalization of $98.46 billion, a PE ratio of 37.61, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data 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%. On average, research analysts predict that Airbnb, Inc. will post 4.29 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ABNB shares. Hsbc Global Res upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Piper Sandler raised their price objective on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a research report on Friday, February 14th. Susquehanna raised their price target on Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a report on Tuesday. Finally, B. Riley boosted their price target on Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $147.00.

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.