Nearwater Capital Markets Ltd acquired a new position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 190,000 shares of the company's stock, valued at approximately $24,968,000.
Other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Airbnb by 0.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,011 shares of the company's stock worth $3,679,000 after buying an additional 241 shares during the period. Czech National Bank boosted its holdings in shares of Airbnb by 4.7% in the fourth quarter. Czech National Bank now owns 93,857 shares of the company's stock worth $12,334,000 after buying an additional 4,224 shares during the period. Wedmont Private Capital boosted its holdings in shares of Airbnb by 26.2% in the fourth quarter. Wedmont Private Capital now owns 3,505 shares of the company's stock worth $454,000 after buying an additional 727 shares during the period. Claro Advisors LLC acquired a new position in shares of Airbnb in the fourth quarter worth about $364,000. Finally, Miracle Mile Advisors LLC boosted its holdings in shares of Airbnb by 2.4% in the fourth quarter. Miracle Mile Advisors LLC now owns 9,847 shares of the company's stock worth $1,294,000 after buying an additional 230 shares during the period. Institutional investors and hedge funds own 80.76% of the company's stock.
Insider Buying and Selling
In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction on Monday, May 5th. The shares were sold at an average price of $123.43, for a total transaction of $771,437.50. Following the sale, the chief financial officer now owns 485,080 shares in the company, valued at $59,873,424.40. The trade was a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $108.76, for a total transaction of $23,305,636.60. Following the sale, the director now owns 2,294,870 shares in the company, valued at $249,590,061.20. This represents a 8.54% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,533,331 shares of company stock valued at $195,015,055. 27.83% of the stock is owned by company insiders.
Airbnb Stock Performance
Shares of NASDAQ:ABNB traded up $1.21 during trading on Friday, reaching $138.00. The stock had a trading volume of 3,673,218 shares, compared to its average volume of 4,868,129. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The firm has a market capitalization of $87.01 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 3.52 and a beta of 1.14. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $121.83 and a two-hundred day simple moving average of $131.26.
Airbnb (NASDAQ:ABNB - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period last year, the firm posted $0.41 EPS. The company's revenue was up 7.4% compared to the same quarter last year. As a group, analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms recently commented on ABNB. JPMorgan Chase & Co. decreased their price target on shares of Airbnb from $160.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. DA Davidson upgraded shares of Airbnb from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $170.00 to $155.00 in a report on Wednesday, April 30th. Benchmark decreased their price target on shares of Airbnb from $178.00 to $155.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Barclays decreased their price target on shares of Airbnb from $120.00 to $103.00 and set an "underweight" rating for the company in a report on Friday, May 2nd. Finally, Royal Bank of Canada decreased their price target on shares of Airbnb from $160.00 to $140.00 and set a "sector perform" rating for the company in a report on Friday, May 2nd. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $141.43.
Check Out Our Latest Stock Report on ABNB
Airbnb Company Profile
(
Free Report)
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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