Breed s Hill Capital LLC Invests $1.07 Million in Airbnb, Inc. (NASDAQ:ABNB)

Breed s Hill Capital LLC bought a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 7,841 shares of the company's stock, valued at approximately $1,067,000. Airbnb comprises approximately 1.0% of Breed s Hill Capital LLC's portfolio, making the stock its 22nd largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in ABNB. National Pension Service raised its position in shares of Airbnb by 2.3% during the fourth quarter. National Pension Service now owns 736,737 shares of the company's stock worth $100,299,000 after purchasing an additional 16,705 shares during the period. Cullen Frost Bankers Inc. raised its holdings in shares of Airbnb by 5.0% in the fourth quarter. Cullen Frost Bankers Inc. now owns 45,781 shares of the company's stock valued at $6,233,000 after purchasing an additional 2,181 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Airbnb by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,423,537 shares of the company's stock valued at $329,940,000 after buying an additional 122,142 shares during the last quarter. Welch & Forbes LLC grew its holdings in shares of Airbnb by 3.0% in the 4th quarter. Welch & Forbes LLC now owns 3,440 shares of the company's stock valued at $468,000 after acquiring an additional 100 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its position in shares of Airbnb by 100.9% during the 4th quarter. Apollon Wealth Management LLC now owns 6,881 shares of the company's stock worth $937,000 after purchasing an additional 3,456 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 78,682 shares of the company's stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total value of $13,320,862.60. Following the sale, the chief technology officer now owns 144,331 shares in the company, valued at $24,435,238.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Airbnb news, CTO Aristotle N. Balogh sold 78,682 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the transaction, the chief technology officer now owns 144,331 shares in the company, valued at $24,435,238.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 75,500 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $155.31, for a total value of $11,725,905.00. Following the transaction, the chief technology officer now owns 146,131 shares in the company, valued at approximately $22,695,605.61. The disclosure for this sale can be found here. Insiders have sold a total of 397,474 shares of company stock valued at $63,809,871 in the last ninety days. Company insiders own 27.83% of the company's stock.

Airbnb Price Performance

Shares of ABNB stock traded down $10.85 on Thursday, hitting $147.05. 14,791,206 shares of the stock traded hands, compared to its average volume of 4,584,189. The firm has a 50 day simple moving average of $161.68 and a two-hundred day simple moving average of $145.50. The firm has a market cap of $95.15 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 2.12 and a beta of 1.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66. Airbnb, Inc. has a 52 week low of $103.55 and a 52 week high of $170.10.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.18. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The company had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.06 billion. During the same period in the prior year, the business earned $0.18 EPS. The firm's quarterly revenue was up 17.8% on a year-over-year basis. As a group, equities research analysts predict that Airbnb, Inc. will post 4.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ABNB shares. Wells Fargo & Company raised their price target on Airbnb from $107.00 to $127.00 and gave the company an "underweight" rating in a report on Monday, April 1st. Truist Financial upped their price objective on Airbnb from $118.00 to $131.00 and gave the stock a "hold" rating in a research report on Thursday, March 14th. TD Cowen decreased their price target on shares of Airbnb from $180.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday. Wedbush reissued a "neutral" rating and set a $160.00 price objective on shares of Airbnb in a report on Thursday. Finally, Royal Bank of Canada raised their price objective on Airbnb from $140.00 to $150.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 14th. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Airbnb has a consensus rating of "Hold" and an average target price of $151.91.

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.

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