Davidson Kahn Capital Management LLC Invests $936,000 in Airbnb, Inc. (NASDAQ:ABNB)

Davidson Kahn Capital Management LLC bought a new position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,124 shares of the company's stock, valued at approximately $936,000.

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

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $123.28, for a total transaction of $86,296.00. Following the completion of the transaction, the chief technology officer now directly owns 221,422 shares in the company, valued at $27,296,904.16. This represents a 0.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of the firm's stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $114.22, for a total transaction of $24,475,632.70. Following the sale, the director now owns 2,080,585 shares of the company's stock, valued at approximately $237,644,418.70. This represents a 9.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,953,435 shares of company stock worth $266,592,685 over the last ninety days. 27.83% of the stock is currently owned by insiders.

Airbnb Price Performance

Shares of Airbnb stock traded down $2.67 on Tuesday, hitting $122.22. The company's stock had a trading volume of 2,135,627 shares, compared to its average volume of 4,889,823. The firm has a fifty day moving average price of $122.77 and a 200-day moving average price of $131.44. 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 company has a market capitalization of $77.07 billion, a P/E ratio of 29.66, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data 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). Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the company earned $0.41 EPS. The company's quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on ABNB. Cantor Fitzgerald cut their price objective on shares of Airbnb from $101.00 to $100.00 and set an "underweight" rating for the company in a report on Friday. Gordon Haskett raised Airbnb from a "sell" rating to a "hold" rating and set a $143.00 price target for the company in a report on Friday, February 14th. Royal Bank of Canada reduced their target price on shares of Airbnb from $160.00 to $140.00 and set a "sector perform" rating on the stock in a report on Friday. Tigress Financial lifted their price objective on shares of Airbnb from $195.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, March 14th. Finally, Canaccord Genuity Group reduced their price target on shares of Airbnb from $190.00 to $180.00 and set a "buy" rating for the company in a report on Monday, April 28th. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $142.31.

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.