Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Chemistry Wealth Management LLC

Chemistry Wealth Management LLC raised its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 61.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,147 shares of the company's stock after buying an additional 2,340 shares during the period. Chemistry Wealth Management LLC's holdings in Airbnb were worth $734,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in shares of Airbnb during the fourth quarter worth approximately $433,374,000. Clearbridge Investments LLC grew its holdings in Airbnb by 147.3% during the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock worth $571,505,000 after acquiring an additional 2,590,475 shares during the last quarter. Two Sigma Advisers LP boosted its position in Airbnb by 512.0% in the 4th quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company's stock valued at $404,782,000 after buying an additional 2,577,000 shares during the last quarter. Principal Financial Group Inc. lifted its position in Airbnb by 174.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company's stock valued at $245,268,000 after purchasing an additional 1,185,892 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Airbnb by 52.1% in the fourth quarter. AQR Capital Management LLC now owns 2,365,847 shares of the company's stock valued at $310,896,000 after buying an additional 809,964 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Stock Performance

NASDAQ:ABNB traded down $0.45 during mid-day trading on Tuesday, reaching $138.56. 4,037,542 shares of the stock were exchanged, compared to its average volume of 5,012,138. 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 $86.80 billion, a P/E ratio of 33.55, a P/E/G ratio of 3.52 and a beta of 1.14. The company has a 50 day simple moving average of $124.43 and a 200-day simple moving average of $130.77. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93.

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). 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 analysts' expectations of $2.26 billion. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Airbnb's revenue for the quarter was up 7.4% on a year-over-year basis. Analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on ABNB. Morgan Stanley upped their price objective on shares of Airbnb from $125.00 to $130.00 and gave the company an "underweight" rating in a research report on Thursday, April 17th. Baird R W upgraded Airbnb from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Cantor Fitzgerald reaffirmed an "underweight" rating and issued a $100.00 target price on shares of Airbnb in a report on Wednesday, May 14th. Barclays dropped their price objective on shares of Airbnb from $120.00 to $103.00 and set an "underweight" rating on the stock in a research report on Friday, May 2nd. Finally, HSBC upgraded Airbnb from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. Five 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $141.23.

Insider Activity at Airbnb

In related news, insider Nathan Blecharczyk sold 2,245 shares of Airbnb stock in a transaction on 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 owns 188,173 shares in the company, valued at approximately $25,220,827.19. The trade was a 1.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Gebbia sold 214,285 shares of the firm's stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $108.76, for a total value of $23,305,636.60. Following the completion of the sale, the director now owns 2,294,870 shares in the company, valued at $249,590,061.20. The trade was a 8.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,427,033 shares of company stock worth $175,485,785. 27.91% of the stock is currently owned by insiders.

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.