Vivaldi Capital Management LP Invests $934,000 in Airbnb, Inc. (NASDAQ:ABNB)

Vivaldi Capital Management LP acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,244 shares of the company's stock, valued at approximately $934,000.

A number of other hedge funds also recently made changes to their positions in ABNB. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Airbnb by 24.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,140 shares of the company's stock worth $413,000 after acquiring an additional 610 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of Airbnb by 50.7% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 6,827 shares of the company's stock worth $897,000 after acquiring an additional 2,296 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of Airbnb during the 4th quarter worth $1,330,000. Arkadios Wealth Advisors lifted its holdings in shares of Airbnb by 8.2% during the 4th quarter. Arkadios Wealth Advisors now owns 2,967 shares of the company's stock worth $390,000 after acquiring an additional 225 shares during the last quarter. Finally, HB Wealth Management LLC lifted its holdings 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 worth $783,000 after acquiring an additional 694 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Hsbc Global Res upgraded shares of Airbnb from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Piper Sandler decreased their target price on shares of Airbnb from $145.00 to $132.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. JPMorgan Chase & Co. decreased their target price on shares of Airbnb from $160.00 to $115.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Susquehanna decreased their target price on shares of Airbnb from $200.00 to $150.00 and set a "positive" rating on the stock in a research report on Monday, May 5th. Finally, Barclays decreased their target price on shares of Airbnb from $120.00 to $103.00 and set an "underweight" rating on the stock in a research report on Friday, May 2nd. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $141.43.

Insider Buying and Selling

In related news, Director Joseph Gebbia sold 214,285 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $141.93, for a total transaction of $30,413,470.05. Following the sale, the director now owns 428,575 shares of the company's stock, valued at $60,827,649.75. The trade was 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, April 8th. The stock was sold at an average price of $110.74, for a total transaction of $77,518.00. Following the completion of the transaction, the chief technology officer now owns 223,522 shares in the company, valued at approximately $24,752,826.28. This represents a 0.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,417,246 shares of company stock valued at $176,403,797 over the last quarter. Corporate insiders own 27.91% of the company's stock.

Airbnb Stock Down 3.5%

NASDAQ:ABNB traded down $4.61 during mid-day trading on Wednesday, hitting $127.52. 6,685,953 shares of the company's stock were exchanged, compared to its average volume of 4,894,883. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The business has a fifty day moving average price of $122.38 and a 200 day moving average price of $131.18. The company has a market cap of $79.88 billion, a PE ratio of 30.88, a P/E/G ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate 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 period in the previous year, the firm earned $0.41 EPS. The company's revenue was up 7.4% on a year-over-year basis. Equities analysts predict 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.