Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. grew its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 48.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,661 shares of the company's stock after buying an additional 3,170 shares during the quarter. Vise Technologies Inc.'s holdings in Airbnb were worth $1,270,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ABNB. Golden State Wealth Management LLC bought a new stake in shares of Airbnb in the 4th quarter worth about $25,000. Berbice Capital Management LLC bought a new stake in Airbnb in the fourth quarter worth about $26,000. Orion Capital Management LLC purchased a new position in shares of Airbnb during the fourth quarter valued at approximately $28,000. Graney & King LLC bought a new position in shares of Airbnb during the fourth quarter valued at approximately $32,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Airbnb during the 4th quarter worth approximately $44,000. Institutional investors own 80.76% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on ABNB. Royal Bank of Canada reduced their target price on Airbnb from $160.00 to $140.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. Needham & Company LLC reaffirmed a "hold" rating on shares of Airbnb in a research note on Wednesday, May 14th. Barclays decreased their price objective on shares of Airbnb from $120.00 to $103.00 and set an "underweight" rating for the company in a report on Friday, May 2nd. Gordon Haskett upgraded shares of Airbnb from a "sell" rating to a "hold" rating and set a $143.00 target price on the stock in a research note on Friday, February 14th. Finally, Argus raised shares of Airbnb from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $141.43.

Airbnb Trading Down 0.4%

NASDAQ:ABNB traded down $0.51 on Thursday, reaching $128.16. 1,335,807 shares of the company's stock were exchanged, compared to its average volume of 4,903,445. The business has a fifty day moving average of $122.51 and a 200-day moving average of $130.78. 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 52-week low of $99.88 and a 52-week high of $163.93. The firm has a market capitalization of $80.28 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14.

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

Insider Activity at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $140.10, for a total transaction of $875,625.00. Following the completion of the transaction, the chief financial officer now owns 449,463 shares in the company, valued at $62,969,766.30. The trade was a 1.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $132.52, for a total transaction of $28,397,048.20. Following the completion of the sale, the director now directly owns 1,652,015 shares in the company, valued at approximately $218,925,027.80. This represents a 11.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,389,925 shares of company stock worth $170,370,496. Company insiders own 27.91% of the company's stock.

Airbnb Company 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.