2,315 Shares in Airbnb, Inc. (NASDAQ:ABNB) Bought by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC purchased a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,315 shares of the company's stock, valued at approximately $304,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Baltimore Washington Financial Advisors Inc. lifted its position in shares of Airbnb by 14.8% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company's stock worth $6,498,000 after purchasing an additional 6,357 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Airbnb in the 4th quarter valued at about $1,445,000. SYM FINANCIAL Corp acquired a new position in Airbnb in the fourth quarter valued at $451,000. Chicago Partners Investment Group LLC increased its holdings in shares of Airbnb by 43.4% in the fourth quarter. Chicago Partners Investment Group LLC now owns 14,412 shares of the company's stock valued at $1,885,000 after purchasing an additional 4,363 shares during the period. Finally, EFG Asset Management Americas Corp. acquired a new stake in shares of Airbnb in the 4th quarter valued at approximately $4,406,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Trading Up 0.5%

Shares of NASDAQ:ABNB traded up $0.61 during midday trading on Wednesday, hitting $133.51. The company had a trading volume of 4,501,012 shares, compared to its average volume of 4,969,020. The firm has a fifty day simple moving average of $122.87 and a 200 day simple moving average of $130.66. The stock has a market cap of $83.63 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 3.52 and a beta of 1.14. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced 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). The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The business's revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. On average, analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on ABNB. The Goldman Sachs Group raised Airbnb from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $110.00 to $153.00 in a research note on Friday, February 14th. Hsbc Global Res raised Airbnb from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Canaccord Genuity Group decreased their price target on shares of Airbnb from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Monday, April 28th. JMP Securities restated a "market perform" rating on shares of Airbnb in a report on Friday, May 2nd. Finally, Piper Sandler dropped their target price on Airbnb from $145.00 to $132.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Airbnb currently has a consensus rating of "Hold" and a consensus price target of $141.23.

Insider Buying and Selling

In other news, CTO Aristotle N. Balogh sold 700 shares of the firm's stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $110.74, for a total value of $77,518.00. Following the completion of the sale, the chief technology officer now directly owns 223,522 shares of the company's stock, valued at $24,752,826.28. This trade represents a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $108.76, for a total transaction of $23,305,636.60. Following the transaction, the director now directly owns 2,294,870 shares of the company's stock, valued at approximately $249,590,061.20. This trade represents a 8.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,635,768 shares of company stock worth $201,921,499. 27.91% of the stock is owned by insiders.

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.