J. Goldman & Co LP Acquires Shares of 22,891 Airbnb, Inc. (NASDAQ:ABNB)

J. Goldman & Co LP acquired a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 22,891 shares of the company's stock, valued at approximately $3,008,000.

Several other institutional investors have also recently modified their holdings of ABNB. Golden State Wealth Management LLC bought a new position in Airbnb during the 4th quarter worth approximately $25,000. Berbice Capital Management LLC bought a new position in Airbnb during the 4th quarter worth approximately $26,000. Graney & King LLC bought a new position in Airbnb during the 4th quarter worth approximately $32,000. Whipplewood Advisors LLC bought a new position in Airbnb during the 4th quarter worth approximately $44,000. Finally, Cromwell Holdings LLC grew its position in Airbnb by 82.5% during the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock worth $49,000 after acquiring an additional 170 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

Airbnb Stock Down 0.5%

Shares of ABNB stock traded down $0.66 during mid-day trading on Thursday, hitting $136.79. The company's stock had a trading volume of 3,463,213 shares, compared to its average volume of 4,873,169. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The business has a 50-day moving average price of $121.48 and a 200 day moving average price of $131.26. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market cap of $86.25 billion, a price-to-earnings ratio of 33.12, a PEG 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 analysts' consensus estimates of $0.25 by ($0.01). The firm had revenue of $2.27 billion for the quarter, compared to analysts' expectations of $2.26 billion. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The firm's revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. Research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Ratings Changes

ABNB has been the topic of a number of recent analyst reports. Argus upgraded Airbnb from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Gordon Haskett upgraded Airbnb from a "sell" rating to a "hold" rating and set a $143.00 price objective on the stock in a research report on Friday, February 14th. Phillip Securities lowered Airbnb from a "hold" rating to a "moderate sell" rating in a research report on Friday, May 9th. DA Davidson upgraded Airbnb from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $170.00 to $155.00 in a research report on Wednesday, April 30th. Finally, The Goldman Sachs Group upgraded Airbnb from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $110.00 to $153.00 in a research report on Friday, February 14th. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $141.43.

Insider Activity at Airbnb

In other news, CTO Aristotle N. Balogh sold 700 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $161.05, for a total value of $112,735.00. Following the completion of the transaction, the chief technology officer now owns 180,514 shares of the company's stock, valued at $29,071,779.70. This represents a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Brian Chesky sold 230,772 shares of the company's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the completion of the transaction, the chief executive officer now directly owns 12,000,913 shares of the company's stock, valued at approximately $1,934,067,139.08. This trade represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,983,669 shares of company stock worth $266,947,699. 27.83% of the stock is owned by insiders.

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.