Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by BIT Capital GmbH

BIT Capital GmbH boosted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 187.0% in the 4th quarter, Holdings Channel reports. The fund owned 3,131 shares of the company’s stock after acquiring an additional 2,040 shares during the quarter. BIT Capital GmbH’s holdings in Airbnb were worth $411,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. CAP Partners LLC grew its position in shares of Airbnb by 3.6% in the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock valued at $293,000 after purchasing an additional 77 shares in the last quarter. Lindbrook Capital LLC boosted its stake in Airbnb by 1.4% during the fourth quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock worth $728,000 after buying an additional 78 shares during the last quarter. Manchester Capital Management LLC grew its holdings in Airbnb by 18.2% in the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock valued at $69,000 after buying an additional 81 shares in the last quarter. Salvus Wealth Management LLC increased its stake in shares of Airbnb by 2.5% in the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock worth $455,000 after acquiring an additional 84 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its holdings in shares of Airbnb by 2.3% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 4,285 shares of the company’s stock worth $565,000 after acquiring an additional 95 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

ABNB has been the subject of a number of analyst reports. Benchmark upped their price objective on shares of Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a report on Friday, February 14th. JMP Securities restated a “market perform” rating on shares of Airbnb in a report on Friday, February 14th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a report on Friday, February 14th. Canaccord Genuity Group raised their target price on Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, Baird R W raised Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $147.36.

Insider Transactions at Airbnb

In other news, insider Nathan Blecharczyk sold 2,712 shares of Airbnb stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $156.32, for a total transaction of $423,939.84. Following the sale, the insider now owns 159,337 shares in the company, valued at approximately $24,907,559.84. The trade was a 1.67 % 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, CTO Aristotle N. Balogh sold 20,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $131.87, for a total value of $2,637,400.00. Following the completion of the sale, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at $24,450,544.18. The trade was a 9.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,055,909 shares of company stock valued at $289,763,290. Corporate insiders own 27.83% of the company’s stock.

Airbnb Trading Down 1.0 %

Shares of NASDAQ:ABNB opened at $128.64 on Thursday. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $169.11. The company’s 50 day moving average is $135.71 and its two-hundred day moving average is $133.60. The company has a market cap of $81.11 billion, a PE ratio of 31.15, a P/E/G ratio of 3.52 and a beta of 1.10. 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) last posted its earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Equities analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal 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.