Quadcap Wealth Management LLC Acquires Shares of 3,218 Airbnb, Inc. (NASDAQ:ABNB)

Quadcap Wealth Management LLC bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 3,218 shares of the company's stock, valued at approximately $423,000.

Other hedge funds have also made changes to their positions in the company. MJP Associates Inc. ADV grew its holdings in Airbnb by 1.8% during the 4th quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock worth $490,000 after acquiring an additional 67 shares during the last quarter. CAP Partners LLC boosted its stake in shares of Airbnb by 3.6% in the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company's stock valued at $293,000 after purchasing an additional 77 shares during the last quarter. Lindbrook Capital LLC grew its holdings in Airbnb by 1.4% during the fourth quarter. Lindbrook Capital LLC now owns 5,540 shares of the company's stock valued at $728,000 after purchasing an additional 78 shares during the period. Ellevest Inc. raised its stake in Airbnb by 3.1% during the 4th quarter. Ellevest Inc. now owns 2,655 shares of the company's stock worth $349,000 after buying an additional 80 shares during the period. Finally, Manchester Capital Management LLC increased its holdings in shares of Airbnb by 18.2% in the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company's stock worth $69,000 after acquiring an additional 81 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Phillip Securities downgraded shares of Airbnb from a "hold" rating to a "moderate sell" rating in a report on Friday, May 9th. Argus upgraded shares of Airbnb from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Wells Fargo & Company upped their price objective on shares of Airbnb from $100.00 to $104.00 and gave the stock an "underweight" rating in a research report on Friday, May 2nd. Hsbc Global Res raised shares of Airbnb from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Finally, B. Riley dropped their price objective on shares of Airbnb from $145.00 to $140.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Airbnb presently has a consensus rating of "Hold" and a consensus target price of $141.43.

Airbnb Stock Performance

Shares of NASDAQ ABNB traded down $4.47 during midday trading on Tuesday, reaching $132.13. The company's stock had a trading volume of 6,606,029 shares, compared to its average volume of 4,886,076. The stock has a market capitalization of $82.77 billion, a P/E ratio of 31.99, a PEG ratio of 3.52 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a 50 day moving average price of $122.03 and a 200-day moving average price of $131.20. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). The company had revenue of $2.27 billion during the quarter, compared to analysts' expectations of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Airbnb's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. As a group, equities analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Activity

In related news, insider Nathan Blecharczyk sold 2,712 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $156.32, for a total value of $423,939.84. Following the sale, the insider now directly owns 159,337 shares in the company, valued at approximately $24,907,559.84. The trade was a 1.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $141.93, for a total value of $30,413,470.05. Following the sale, the director now owns 428,575 shares in the company, valued at approximately $60,827,649.75. This represents a 33.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,417,246 shares of company stock valued at $176,403,797 in the last three months. Company insiders own 27.91% of the company's stock.

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.