FORA Capital LLC Takes $2.96 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

FORA Capital LLC purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 22,497 shares of the company's stock, valued at approximately $2,956,000.

A number of other institutional investors have also modified their holdings of ABNB. Geode Capital Management LLC increased its position in Airbnb by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company's stock valued at $1,244,514,000 after buying an additional 72,991 shares in the last quarter. Clearbridge Investments LLC increased its position in Airbnb by 147.3% during the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock valued at $571,505,000 after buying an additional 2,590,475 shares in the last quarter. Northern Trust Corp increased its position in Airbnb by 8.4% during the 4th quarter. Northern Trust Corp now owns 4,296,835 shares of the company's stock valued at $564,647,000 after buying an additional 331,607 shares in the last quarter. Renaissance Technologies LLC increased its position in Airbnb by 15.5% during the 4th quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company's stock valued at $548,683,000 after buying an additional 558,856 shares in the last quarter. Finally, Norges Bank acquired a new position in Airbnb during the 4th quarter valued at about $433,374,000. 80.76% of the stock is currently owned by institutional investors.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 11,488 shares of Airbnb stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $1,815,104.00. Following the sale, the chief technology officer now directly owns 181,214 shares of the company's stock, valued at $28,631,812. The trade was a 5.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nathan Blecharczyk sold 183,078 shares of Airbnb stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the completion of the sale, the insider now directly owns 164,850 shares in the company, valued at $26,046,300. This represents a 52.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,173,970 shares of company stock valued at $293,686,892 over the last ninety days. Insiders own 27.91% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ABNB shares. Needham & Company LLC reissued a "hold" rating on shares of Airbnb in a report on Friday, May 2nd. The Goldman Sachs Group raised shares of Airbnb from a "sell" rating to a "neutral" rating and raised their price target for the stock from $110.00 to $153.00 in a research report on Friday, February 14th. Evercore ISI reduced their price target on shares of Airbnb from $165.00 to $145.00 and set an "in-line" rating for the company in a research report on Friday, May 2nd. JPMorgan Chase & Co. reduced their price target on shares of Airbnb from $160.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, JMP Securities reissued a "market perform" rating on shares of Airbnb in a research report on Friday, May 2nd. Four 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 company's stock. Based on data from MarketBeat, Airbnb has a consensus rating of "Hold" and an average price target of $141.43.

Airbnb Price Performance

NASDAQ ABNB traded up $0.67 on Friday, hitting $127.06. The company had a trading volume of 6,144,318 shares, compared to its average volume of 4,856,544. The company has a market capitalization of $80.12 billion, a PE ratio of 30.77, a PEG ratio of 3.52 and a beta of 1.14. The company's fifty day moving average price is $121.52 and its 200-day moving average price is $131.17. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93.

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

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.