Airbnb, Inc. (NASDAQ:ABNB) Holdings Raised by Nebula Research & Development LLC

Nebula Research & Development LLC boosted its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 97.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,503 shares of the company's stock after buying an additional 4,186 shares during the period. Nebula Research & Development LLC's holdings in Airbnb were worth $1,117,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in Airbnb during the 4th quarter worth approximately $25,000. Berbice Capital Management LLC purchased a new stake in shares of Airbnb during the 4th quarter worth $26,000. Graney & King LLC purchased a new position in shares of Airbnb in the 4th quarter valued at about $32,000. Whipplewood Advisors LLC acquired a new position in Airbnb during the fourth quarter worth $44,000. Finally, Cromwell Holdings LLC increased its position in shares of Airbnb by 82.5% in the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock valued at $49,000 after buying an additional 170 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on ABNB. Barclays reduced their target price on Airbnb from $120.00 to $103.00 and set an "underweight" rating on the stock in a research note on Friday. Phillip Securities raised shares of Airbnb from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Airbnb from $160.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Needham & Company LLC reiterated a "hold" rating on shares of Airbnb in a research report on Friday. Finally, Argus raised shares of Airbnb from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Four equities 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 stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $143.22.

Airbnb Stock Performance

Airbnb stock traded up $0.57 during mid-day trading on Friday, hitting $124.58. 7,328,971 shares of the company's stock traded hands, compared to its average volume of 5,555,555. Airbnb, Inc. has a one year low of $99.88 and a one year high of $165.50. The company has a market cap of $78.55 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. The firm has a 50 day moving average price of $123.48 and a 200 day moving average price of $131.63. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24.

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

Insider Transactions at Airbnb

In related news, CEO Brian Chesky sold 230,772 shares of the business's 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 sale, the chief executive officer now directly owns 12,000,913 shares in the company, valued at $1,934,067,139.08. The trade was a 1.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $123.28, for a total transaction of $86,296.00. Following the sale, the chief technology officer now owns 221,422 shares of the company's stock, valued at $27,296,904.16. The trade was a 0.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,998,846 shares of company stock valued at $272,488,196. Corporate insiders own 27.83% of the company's stock.

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.