Alaethes Wealth LLC Invests $1.12 Million in Airbnb, Inc. (NASDAQ:ABNB)

Alaethes Wealth LLC purchased a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,506 shares of the company's stock, valued at approximately $1,118,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of Airbnb in the third quarter valued at approximately $609,000. Wilmington Savings Fund Society FSB acquired a new stake in Airbnb during the 3rd quarter valued at $648,000. Principal Financial Group Inc. raised its position in Airbnb by 17.9% in the 3rd quarter. Principal Financial Group Inc. now owns 680,539 shares of the company's stock valued at $86,299,000 after purchasing an additional 103,087 shares during the last quarter. Versant Capital Management Inc boosted its stake in Airbnb by 215.5% in the fourth quarter. Versant Capital Management Inc now owns 751 shares of the company's stock worth $99,000 after purchasing an additional 513 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Airbnb by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 2,572 shares of the company's stock worth $338,000 after purchasing an additional 685 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ABNB shares. Benchmark cut their price target on Airbnb from $178.00 to $155.00 and set a "buy" rating for the company in a report on Friday. B. Riley dropped their target price on shares of Airbnb from $145.00 to $140.00 and set a "neutral" rating for the company in a research note on Friday. Needham & Company LLC reissued a "hold" rating on shares of Airbnb in a research note on Friday. JPMorgan Chase & Co. dropped their price objective on shares of Airbnb from $160.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Jefferies Financial Group upgraded Airbnb from a "hold" rating to a "buy" rating and increased their price objective for the company from $165.00 to $185.00 in a research report on Monday, March 10th. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Airbnb has an average rating of "Hold" and a consensus target price of $143.97.

Airbnb Stock Up 1.0 %

Shares of Airbnb stock opened at $125.26 on Friday. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $165.50. 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 company has a market capitalization of $78.98 billion, a P/E ratio of 30.33, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. The business has a 50-day moving average of $123.16 and a two-hundred day moving average of $131.58.

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

Insider Activity

In related news, CEO Brian Chesky sold 230,772 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now owns 12,000,913 shares of the company's stock, valued at approximately $1,934,067,139.08. This trade represents a 1.89 % 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 hyperlink. Also, insider Nathan Blecharczyk sold 183,078 shares of the business's stock in a transaction dated 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 sale, the insider now directly owns 164,850 shares in the company, valued at $26,046,300. This trade represents a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,998,846 shares of company stock worth $272,488,196 over the last ninety days. Insiders own 27.83% 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.

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