Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Chemistry Wealth Management LLC

Chemistry Wealth Management LLC boosted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 43.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,807 shares of the company’s stock after acquiring an additional 1,147 shares during the period. Chemistry Wealth Management LLC’s holdings in Airbnb were worth $500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. Edgewood Management LLC boosted its holdings in Airbnb by 9.2% in the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after purchasing an additional 1,143,464 shares during the period. Geode Capital Management LLC boosted its holdings in Airbnb by 1.6% in the third quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock worth $1,189,635,000 after purchasing an additional 146,761 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Airbnb by 6,085.6% during the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after acquiring an additional 4,172,985 shares during the period. Legal & General Group Plc boosted its holdings in shares of Airbnb by 4.7% during the second quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock valued at $519,044,000 after acquiring an additional 153,784 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Airbnb by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock valued at $343,185,000 after acquiring an additional 52,358 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Raymond James assumed coverage on shares of Airbnb in a report on Friday, September 27th. They set a “market perform” rating and a $134.00 price target for the company. UBS Group boosted their price target on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Phillip Securities reissued a “reduce” rating and set a $120.00 price target on shares of Airbnb in a report on Tuesday, November 12th. Wedbush boosted their price target on shares of Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Susquehanna boosted their price target on shares of Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a report on Monday, November 11th. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $139.63.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total value of $28,088,477.80. Following the transaction, the director now owns 10,321 shares in the company, valued at $1,352,876.68. This represents a 95.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian Chesky sold 76,923 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $139.94, for a total value of $10,764,604.62. Following the completion of the transaction, the chief executive officer now owns 12,616,300 shares in the company, valued at $1,765,525,022. This represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,130,982 shares of company stock valued at $150,523,585. 27.83% of the stock is currently owned by corporate insiders.

Airbnb Price Performance

ABNB stock opened at $135.12 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The firm has a market capitalization of $85.66 billion, a PE ratio of 47.41, a P/E/G ratio of 1.63 and a beta of 1.13. The firm has a 50-day moving average of $134.15 and a two-hundred day moving average of $132.22.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the prior year, the company posted $2.39 earnings per share. On average, analysts forecast that Airbnb, Inc. will post 3.99 earnings per share for the current year.

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.