Teza Capital Management LLC Invests $1.20 Million in Airbnb, Inc. (NASDAQ:ABNB)

Teza Capital Management LLC acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,101 shares of the company's stock, valued at approximately $1,196,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. lifted its stake in Airbnb by 24.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 3,140 shares of the company's stock worth $413,000 after purchasing an additional 610 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of Airbnb by 50.7% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 6,827 shares of the company's stock worth $897,000 after buying an additional 2,296 shares during the last quarter. Merit Financial Group LLC bought a new position in shares of Airbnb in the 4th quarter worth about $1,330,000. Arkadios Wealth Advisors boosted its holdings in shares of Airbnb by 8.2% in the 4th quarter. Arkadios Wealth Advisors now owns 2,967 shares of the company's stock valued at $390,000 after buying an additional 225 shares during the period. Finally, HB Wealth Management LLC grew its position in shares of Airbnb by 13.2% during the 4th quarter. HB Wealth Management LLC now owns 5,955 shares of the company's stock valued at $783,000 after buying an additional 694 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on ABNB shares. Benchmark cut their target price on shares of Airbnb from $178.00 to $155.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Barclays reduced their price objective on Airbnb from $120.00 to $103.00 and set an "underweight" rating for the company in a research report on Friday, May 2nd. Truist Financial dropped their target price on Airbnb from $123.00 to $112.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Needham & Company LLC reissued a "hold" rating on shares of Airbnb in a report on Wednesday, May 14th. Finally, Hsbc Global Res raised shares of Airbnb from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Airbnb currently has an average rating of "Hold" and an average target price of $141.43.

Insiders Place Their Bets

In other news, 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 transaction, the director now directly owns 428,575 shares of the company's stock, valued at $60,827,649.75. This trade represents a 33.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Aristotle N. Balogh sold 700 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $145.01, for a total transaction of $101,507.00. Following the completion of the sale, the chief technology officer now owns 173,519 shares of the company's stock, valued at approximately $25,161,990.19. This trade represents a 0.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,631,064 shares of company stock worth $204,677,803. Company insiders own 27.91% of the company's stock.

Airbnb Price Performance

Shares of NASDAQ:ABNB traded up $0.13 during trading hours on Thursday, hitting $127.65. 6,450,582 shares of the company's stock traded hands, compared to its average volume of 4,901,084. The company's fifty day simple moving average is $122.38 and its two-hundred day simple moving average is $131.18. The company has a market cap of $79.96 billion, a price-to-earnings ratio of 30.91, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93.

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