Occudo Quantitative Strategies LP Purchases Shares of 34,091 Airbnb, Inc. (NASDAQ:ABNB)

Occudo Quantitative Strategies LP bought a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 34,091 shares of the company's stock, valued at approximately $4,480,000. Airbnb accounts for 0.8% of Occudo Quantitative Strategies LP's investment portfolio, making the stock its 13th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Airbnb during the 4th quarter valued at approximately $657,000. MJP Associates Inc. ADV lifted its holdings in Airbnb by 1.8% during the fourth quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock valued at $490,000 after purchasing an additional 67 shares in the last quarter. LRI Investments LLC grew its position in shares of Airbnb by 78.2% in the fourth quarter. LRI Investments LLC now owns 866 shares of the company's stock valued at $114,000 after purchasing an additional 380 shares during the period. Invenomic Capital Management LP grew its position in shares of Airbnb by 88.9% in the fourth quarter. Invenomic Capital Management LP now owns 74,616 shares of the company's stock valued at $9,805,000 after purchasing an additional 35,119 shares during the period. Finally, Investment Management Corp of Ontario increased its stake in shares of Airbnb by 46.0% during the fourth quarter. Investment Management Corp of Ontario now owns 21,449 shares of the company's stock worth $2,819,000 after purchasing an additional 6,762 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Stock Up 0.9%

NASDAQ:ABNB traded up $1.21 during trading hours on Friday, hitting $138.00. The company's stock had a trading volume of 3,673,218 shares, compared to its average volume of 4,868,129. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The stock has a market capitalization of $87.01 billion, a P/E ratio of 33.41, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. The stock has a fifty day moving average of $121.58 and a 200-day moving average of $131.26.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share 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 analyst estimates of $2.26 billion. During the same period in the previous year, the business posted $0.41 EPS. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ABNB shares. B. Riley lowered their price objective on Airbnb from $145.00 to $140.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Morgan Stanley boosted their price target on Airbnb from $125.00 to $130.00 and gave the stock an "underweight" rating in a research report on Thursday, April 17th. Needham & Company LLC restated a "hold" rating on shares of Airbnb in a report on Wednesday. Citigroup lowered their target price on shares of Airbnb from $170.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Finally, Piper Sandler reduced their target price on shares of Airbnb from $145.00 to $132.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $141.43.

Insider Transactions at Airbnb

In related news, insider Nathan Blecharczyk sold 2,712 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $156.32, for a total value of $423,939.84. Following the sale, the insider now owns 159,337 shares in the company, valued at $24,907,559.84. This represents a 1.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 value of $23,305,636.60. Following the transaction, the director now directly owns 2,294,870 shares of the company's stock, valued at approximately $249,590,061.20. This represents a 8.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,533,331 shares of company stock valued at $195,015,055. Corporate insiders own 27.83% of the company's stock.

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.