7,048 Shares in Airbnb, Inc. (NASDAQ:ABNB) Acquired by Farrow Financial Inc.

Farrow Financial Inc. bought a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,048 shares of the company's stock, valued at approximately $960,000.

Several other hedge funds have also recently added to or reduced their stakes in ABNB. Compagnie Lombard Odier SCmA raised its stake in Airbnb by 34.7% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 31,612 shares of the company's stock worth $4,304,000 after buying an additional 8,140 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Airbnb by 4.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company's stock valued at $1,119,000 after purchasing an additional 333 shares during the period. Nordea Investment Management AB lifted its stake in shares of Airbnb by 27.5% in the 4th quarter. Nordea Investment Management AB now owns 1,268,390 shares of the company's stock valued at $172,742,000 after purchasing an additional 273,191 shares during the period. LGT Group Foundation grew its stake in Airbnb by 8.1% during the third quarter. LGT Group Foundation now owns 316,545 shares of the company's stock worth $43,227,000 after purchasing an additional 23,716 shares during the period. Finally, Stevens Capital Management LP bought a new stake in Airbnb in the fourth quarter worth approximately $726,000. Institutional investors own 80.76% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ABNB. B. Riley initiated coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They set a "neutral" rating and a $150.00 price objective for the company. Susquehanna increased their price objective on shares of Airbnb from $160.00 to $180.00 and gave the stock a "positive" rating in a research report on Wednesday, February 14th. Wells Fargo & Company raised their price objective on Airbnb from $107.00 to $127.00 and gave the company an "underweight" rating in a research note on Monday, April 1st. Piper Sandler reaffirmed a "neutral" rating and set a $155.00 target price (up from $145.00) on shares of Airbnb in a research report on Thursday, May 9th. Finally, Wedbush reissued a "neutral" rating and issued a $160.00 price target on shares of Airbnb in a research report on Thursday, May 9th. Four equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $152.13.

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 76,912 shares of Airbnb stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $147.79, for a total value of $11,366,824.48. Following the completion of the sale, the chief executive officer now owns 14,545,529 shares of the company's stock, valued at approximately $2,149,683,730.91. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Brian Chesky sold 76,912 shares of Airbnb stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $147.79, for a total value of $11,366,824.48. Following the completion of the sale, the chief executive officer now directly owns 14,545,529 shares in the company, valued at $2,149,683,730.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the business's stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $162.00, for a total transaction of $97,200.00. Following the sale, the chief technology officer now owns 219,904 shares of the company's stock, valued at $35,624,448. The disclosure for this sale can be found here. Insiders have sold a total of 397,474 shares of company stock worth $63,809,871 in the last quarter. Corporate insiders own 27.83% of the company's stock.

Airbnb Trading Up 1.0 %

ABNB traded up $1.39 during trading on Thursday, hitting $147.19. 3,824,894 shares of the stock traded hands, compared to its average volume of 4,607,963. The firm has a market capitalization of $95.24 billion, a P/E ratio of 19.70, a price-to-earnings-growth ratio of 1.84 and a beta of 1.24. The firm has a 50-day moving average of $160.41 and a 200 day moving average of $146.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44. Airbnb, Inc. has a 12-month low of $103.74 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.18. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The business had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.06 billion. During the same quarter in the previous year, the business posted $0.18 earnings per share. The firm's revenue for the quarter was up 17.8% compared to the same quarter last year. Equities research analysts anticipate that Airbnb, Inc. will post 4.67 EPS 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.

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