Investment House LLC Buys Shares of 19,890 Airbnb, Inc. (NASDAQ:ABNB)

Investment House LLC bought a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 19,890 shares of the company’s stock, valued at approximately $2,614,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ABNB. CAP Partners LLC lifted its position in Airbnb by 3.6% during the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock worth $293,000 after acquiring an additional 77 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Airbnb by 1.4% in the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock valued at $728,000 after buying an additional 78 shares during the period. Manchester Capital Management LLC lifted its holdings in shares of Airbnb by 18.2% in the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock valued at $69,000 after buying an additional 81 shares during the period. Salvus Wealth Management LLC lifted its holdings in shares of Airbnb by 2.5% in the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after buying an additional 84 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Airbnb by 19.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock valued at $74,000 after buying an additional 94 shares during the period. Institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

ABNB stock opened at $124.56 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The business has a 50 day simple moving average of $135.93 and a 200-day simple moving average of $133.20. The firm has a market capitalization of $78.54 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Equities research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insider Activity at Airbnb

In related news, CEO Brian Chesky sold 230,772 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the transaction, the chief executive officer now directly owns 12,000,913 shares in the company, valued at approximately $1,934,067,139.08. This represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nathan Blecharczyk sold 183,078 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the transaction, the insider now owns 164,850 shares in the company, valued at $26,046,300. This trade represents a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,055,209 shares of company stock worth $289,943,548. Insiders own 27.83% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wedbush reissued an “outperform” rating and issued a $155.00 price objective on shares of Airbnb in a report on Tuesday, February 4th. Robert W. Baird raised Airbnb from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $140.00 to $175.00 in a report on Friday, February 14th. HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. UBS Group lifted their price target on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Finally, Evercore ISI lifted their price target on Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and a consensus target price of $148.15.

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.