Strive Asset Management LLC Invests $501,000 in Airbnb, Inc. (NASDAQ:ABNB)

Strive Asset Management LLC bought a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,814 shares of the company's stock, valued at approximately $501,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in Airbnb during the 4th quarter valued at about $25,000. Berbice Capital Management LLC purchased a new position in Airbnb during the 4th quarter valued at about $26,000. Graney & King LLC purchased a new position in Airbnb during the 4th quarter valued at about $32,000. Whipplewood Advisors LLC purchased a new position in Airbnb during the 4th quarter valued at about $44,000. Finally, Cromwell Holdings LLC boosted its holdings in Airbnb by 82.5% during the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock valued at $49,000 after acquiring an additional 170 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of analyst reports. UBS Group reduced their price target on Airbnb from $160.00 to $138.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Hsbc Global Res raised Airbnb from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Susquehanna reduced their price target on Airbnb from $200.00 to $150.00 and set a "positive" rating on the stock in a research report on Monday, May 5th. DA Davidson raised Airbnb from a "neutral" rating to a "buy" rating and reduced their price target for the company from $170.00 to $155.00 in a research report on Wednesday, April 30th. Finally, Piper Sandler reduced their price target on Airbnb from $145.00 to $132.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $141.43.

Insider Activity at Airbnb

In related news, insider Nathan Blecharczyk sold 2,712 shares of Airbnb stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $156.32, for a total value of $423,939.84. Following the sale, the insider now directly owns 159,337 shares in the company, valued at $24,907,559.84. The trade was a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $141.93, for a total value of $30,413,470.05. Following the completion of the sale, the director now owns 428,575 shares in the company, valued at approximately $60,827,649.75. This trade represents a 33.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,533,331 shares of company stock worth $195,015,055 over the last three months. 27.83% of the stock is currently owned by corporate insiders.

Airbnb Trading Up 0.9%

Shares of ABNB stock opened at $138.00 on Friday. The business's 50 day moving average is $121.83 and its two-hundred day moving average is $131.23. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The company has a market capitalization of $87.01 billion, a P/E ratio of 33.41, a price-to-earnings-growth 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 (NASDAQ:ABNB - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share 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 during the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter last year, the business posted $0.41 earnings per share. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts forecast 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.

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