Fairtree Asset Management Pty Ltd Purchases New Position in Airbnb, Inc. (NASDAQ:ABNB)

Fairtree Asset Management Pty Ltd acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,278 shares of the company's stock, valued at approximately $431,000.

Other large investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in shares of Airbnb by 25.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 50,964 shares of the company's stock valued at $6,697,000 after purchasing an additional 10,347 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Airbnb by 5.2% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,980 shares of the company's stock valued at $654,000 after purchasing an additional 244 shares in the last quarter. Kingswood Wealth Advisors LLC increased its holdings in shares of Airbnb by 13.8% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 2,549 shares of the company's stock valued at $335,000 after purchasing an additional 309 shares in the last quarter. KBC Group NV increased its holdings in shares of Airbnb by 47.9% in the 4th quarter. KBC Group NV now owns 128,054 shares of the company's stock valued at $16,828,000 after purchasing an additional 41,446 shares in the last quarter. Finally, Cascade Investment Advisors Inc. increased its holdings in shares of Airbnb by 18.4% in the 4th quarter. Cascade Investment Advisors Inc. now owns 11,480 shares of the company's stock valued at $1,509,000 after purchasing an additional 1,780 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Gordon Haskett raised shares of Airbnb from a "sell" rating to a "hold" rating and set a $143.00 price objective on the stock in a research note on Friday, February 14th. JMP Securities reissued a "market perform" rating on shares of Airbnb in a research note on Friday, May 2nd. Morgan Stanley increased their price objective on shares of Airbnb from $125.00 to $130.00 and gave the company an "underweight" rating in a research note on Thursday, April 17th. Tigress Financial increased 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, DA Davidson raised shares of Airbnb from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $170.00 to $155.00 in a research note on Wednesday, April 30th. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $141.23.

Airbnb Stock Performance

Shares of Airbnb stock traded down $0.23 during trading hours on Friday, reaching $128.13. The company had a trading volume of 9,542,846 shares, compared to its average volume of 4,949,245. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. The business has a fifty day simple moving average of $122.48 and a 200 day simple moving average of $130.72. 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 firm has a market cap of $80.26 billion, a PE ratio of 31.02, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted 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 business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the business posted $0.41 EPS. Airbnb's quarterly revenue was up 7.4% on a year-over-year basis. On average, analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of Airbnb 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 transaction, the director now owns 214,290 shares in the company, valued at approximately $27,171,972. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 2,245 shares of Airbnb stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $134.03, for a total value of $300,897.35. Following the completion of the transaction, the insider now owns 188,173 shares in the company, valued at approximately $25,220,827.19. This represents a 1.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,628,434 shares of company stock worth $201,057,164 over the last 90 days. Corporate insiders own 27.91% of the company's stock.

About Airbnb

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.