GF Fund Management CO. LTD. Takes Position in Airbnb, Inc. (NASDAQ:ABNB)

GF Fund Management CO. LTD. purchased a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 82,040 shares of the company's stock, valued at approximately $10,781,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ABNB. Verde Capital Management raised its stake in shares of Airbnb by 25.3% in the 4th quarter. Verde Capital Management now owns 21,118 shares of the company's stock valued at $2,775,000 after acquiring an additional 4,269 shares in the last quarter. Baltimore Washington Financial Advisors Inc. raised its stake in shares of Airbnb by 14.8% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company's stock valued at $6,498,000 after acquiring an additional 6,357 shares in the last quarter. RFG Advisory LLC raised its stake in shares of Airbnb by 47.2% in the 4th quarter. RFG Advisory LLC now owns 6,617 shares of the company's stock valued at $870,000 after acquiring an additional 2,123 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Airbnb in the 4th quarter valued at approximately $1,445,000. Finally, SYM FINANCIAL Corp bought a new position in shares of Airbnb in the 4th quarter valued at approximately $451,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Trading Up 2.1%

Shares of ABNB stock traded up $2.68 on Tuesday, reaching $129.40. 7,241,466 shares of the stock were exchanged, compared to its average volume of 4,920,794. The stock has a market cap of $81.06 billion, a PE ratio of 31.33, a P/E/G ratio of 3.52 and a beta of 1.14. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. 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 stock has a 50 day moving average price of $122.45 and a 200 day moving average price of $130.81.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its 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 firm 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 company's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 EPS. Equities research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on ABNB. DA Davidson raised Airbnb from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $170.00 to $155.00 in a research report on Wednesday, April 30th. Gordon Haskett raised Airbnb from a "sell" rating to a "hold" rating and set a $143.00 price objective on the stock in a report on Friday, February 14th. Argus raised Airbnb from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. HSBC raised Airbnb from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Finally, Royal Bank of Canada decreased their price target on Airbnb from $160.00 to $140.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $141.43.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.80, for a total value of $27,171,338.00. Following the completion of the sale, the director now directly owns 214,290 shares of the company's stock, valued at $27,171,972. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nathan Blecharczyk sold 2,245 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $134.03, for a total value of $300,897.35. Following the completion of the sale, the insider now directly owns 188,173 shares of the company's stock, valued at approximately $25,220,827.19. This trade represents a 1.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,416,079 shares of company stock worth $174,162,826 over the last 90 days. 27.91% of the stock is owned by insiders.

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.