Bridgeway Capital Management LLC Makes New Investment in Airbnb, Inc. (NASDAQ:ABNB)

Bridgeway Capital Management LLC purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 19,750 shares of the company's stock, valued at approximately $2,595,000.

A number of other large investors have also recently bought and sold shares of the stock. Captrust Financial Advisors grew its position in Airbnb by 39.1% in the fourth quarter. Captrust Financial Advisors now owns 19,480 shares of the company's stock valued at $2,560,000 after acquiring an additional 5,480 shares during the period. Cardiff Park Advisors LLC grew its position in Airbnb by 3.8% in the fourth quarter. Cardiff Park Advisors LLC now owns 2,708 shares of the company's stock valued at $356,000 after acquiring an additional 100 shares during the period. Cary Street Partners Financial LLC bought a new stake in Airbnb in the fourth quarter valued at $501,000. Baird Financial Group Inc. grew its position in Airbnb by 0.7% in the fourth quarter. Baird Financial Group Inc. now owns 13,779 shares of the company's stock valued at $1,811,000 after acquiring an additional 93 shares during the period. Finally, Benjamin Edwards Inc. grew its holdings in shares of Airbnb by 23.7% during the fourth quarter. Benjamin Edwards Inc. now owns 6,938 shares of the company's stock worth $912,000 after purchasing an additional 1,331 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

Insider Activity at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 183,078 shares of Airbnb stock in a transaction on Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the completion of the transaction, the insider now directly owns 164,850 shares of the company's stock, valued at $26,046,300. The trade was a 52.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Chesky sold 190,301 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $140.51, for a total value of $26,739,193.51. Following the sale, the chief executive officer now owns 12,231,685 shares of the company's stock, valued at approximately $1,718,674,059.35. This represents a 1.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,173,970 shares of company stock worth $293,686,892 in the last ninety days. 27.91% of the stock is owned by company insiders.

Airbnb Stock Up 5.6%

Shares of NASDAQ ABNB traded up $7.17 during trading hours on Monday, hitting $134.21. The company had a trading volume of 7,196,598 shares, compared to its average volume of 4,865,906. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $84.62 billion, a P/E ratio of 32.50, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. The firm's 50 day moving average is $121.52 and its 200-day moving average is $131.17.

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

Analyst Ratings Changes

Several analysts have recently commented on the company. Susquehanna decreased their target price on Airbnb from $200.00 to $150.00 and set a "positive" rating on the stock in a report on Monday, May 5th. JMP Securities restated a "market perform" rating on shares of Airbnb in a report on Friday, May 2nd. Morgan Stanley increased their target price on Airbnb from $125.00 to $130.00 and gave the stock an "underweight" rating in a report on Thursday, April 17th. Hsbc Global Res upgraded Airbnb from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Finally, DA Davidson upgraded Airbnb from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $170.00 to $155.00 in a report on Wednesday, April 30th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $141.43.

Airbnb 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.