76,300 Shares in Airbnb, Inc. (NASDAQ:ABNB) Purchased by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 76,300 shares of the company's stock, valued at approximately $10,027,000.

Several other large investors also recently bought and sold shares of ABNB. Baltimore Washington Financial Advisors Inc. lifted its stake in Airbnb by 14.8% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company's stock worth $6,498,000 after acquiring an additional 6,357 shares during the last quarter. RFG Advisory LLC increased its holdings in Airbnb by 47.2% in the fourth quarter. RFG Advisory LLC now owns 6,617 shares of the company's stock valued at $870,000 after buying an additional 2,123 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Airbnb in the fourth quarter valued at $1,445,000. SYM FINANCIAL Corp purchased a new stake in Airbnb during the 4th quarter worth about $451,000. Finally, Janney Montgomery Scott LLC lifted its holdings in Airbnb by 25.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 50,964 shares of the company's stock worth $6,697,000 after buying an additional 10,347 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ABNB shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Airbnb in a report on Wednesday, May 14th. Robert W. Baird lowered their target price on shares of Airbnb from $175.00 to $160.00 and set an "outperform" rating for the company in a report on Tuesday, March 25th. UBS Group cut their price target on shares of Airbnb from $160.00 to $138.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Wells Fargo & Company upped their price objective on shares of Airbnb from $100.00 to $104.00 and gave the company an "underweight" rating in a research note on Friday, May 2nd. Finally, Susquehanna dropped their price objective on Airbnb from $200.00 to $150.00 and set a "positive" rating on the stock in a report on Monday, May 5th. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Airbnb has a consensus rating of "Hold" and a consensus price target of $141.43.

Airbnb Trading Down 0.6%

Shares of ABNB stock traded down $0.73 during mid-day trading on Wednesday, hitting $128.67. 4,730,543 shares of the company's stock were exchanged, compared to its average volume of 4,916,836. The stock has a market cap of $80.60 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 3.52 and a beta of 1.14. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The stock has a 50-day simple moving average of $122.51 and a two-hundred day simple moving average of $130.80.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced 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 company had revenue of $2.27 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same period in the prior year, the firm earned $0.41 earnings per share. The firm's quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated 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 transaction, the chief technology officer now directly owns 223,522 shares in the company, valued at approximately $24,752,826.28. This trade represents a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Gebbia sold 214,285 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $132.52, for a total value of $28,397,048.20. Following the sale, the director now owns 1,652,015 shares in the company, valued at $218,925,027.80. The trade was a 11.48% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,389,925 shares of company stock valued at $170,370,496. 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.