7,102 Shares in Airbnb, Inc. (NASDAQ:ABNB) Bought by Cache Advisors LLC

Cache Advisors LLC acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,102 shares of the company's stock, valued at approximately $933,000.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ABNB shares. Gordon Haskett upgraded Airbnb from a "sell" rating to a "hold" rating and set a $143.00 price objective for the company in a research note on Friday, February 14th. Susquehanna decreased their price target on Airbnb from $200.00 to $150.00 and set a "positive" rating on the stock in a report on Monday, May 5th. Argus upgraded Airbnb from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. DA Davidson upgraded Airbnb from a "neutral" rating to a "buy" rating and decreased their price target for the company from $170.00 to $155.00 in a report on Wednesday, April 30th. Finally, Cantor Fitzgerald restated an "underweight" rating and set a $100.00 target price on shares of Airbnb in a report on Wednesday, May 14th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Airbnb presently has a consensus rating of "Hold" and a consensus price target of $141.43.

Insider Activity at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 26,154 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $145.00, for a total value of $3,792,330.00. Following the completion of the sale, the insider now owns 159,337 shares of the company's stock, valued at approximately $23,103,865. This trade represents a 14.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $140.10, for a total value of $98,070.00. Following the completion of the transaction, the chief technology officer now owns 172,819 shares in the company, valued at $24,211,941.90. This represents a 0.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,416,079 shares of company stock worth $174,162,826 in the last 90 days. Corporate insiders own 27.91% of the company's stock.

Airbnb Price Performance

ABNB traded up $2.68 on Tuesday, reaching $129.40. The stock had a trading volume of 7,241,466 shares, compared to its average volume of 4,920,794. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The firm has a 50-day moving average of $122.45 and a 200-day moving average of $130.81. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $81.06 billion, a price-to-earnings ratio of 31.33, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14.

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

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.