Capital Performance Advisors LLP Acquires 2,199 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Capital Performance Advisors LLP raised its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 226.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,171 shares of the company’s stock after acquiring an additional 2,199 shares during the period. Capital Performance Advisors LLP’s holdings in Airbnb were worth $417,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ABNB. Northwest Investment Counselors LLC bought a new position in Airbnb in the third quarter valued at about $25,000. Golden State Wealth Management LLC bought a new position in Airbnb in the fourth quarter valued at about $25,000. Hollencrest Capital Management grew its position in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. Berbice Capital Management LLC bought a new position in Airbnb in the fourth quarter valued at about $26,000. Finally, Ashton Thomas Securities LLC bought a new position in Airbnb in the third quarter valued at about $30,000. Institutional investors own 80.76% of the company’s stock.

Insider Activity

In other news, insider Nathan Blecharczyk sold 9,603 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the sale, the insider now directly owns 164,850 shares of the company’s stock, valued at $21,466,767. This trade represents a 5.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 500 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total value of $68,005.00. Following the sale, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at approximately $25,218,158.14. This represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,608,005 shares of company stock valued at $214,394,023 in the last ninety days. 27.83% of the stock is currently owned by insiders.

Analyst Ratings Changes

ABNB has been the topic of several research reports. Wedbush restated an “outperform” rating and set a $155.00 price target on shares of Airbnb in a report on Tuesday, February 4th. Morgan Stanley lifted their price objective on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. Gordon Haskett raised Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective on the stock in a research note on Friday. DA Davidson lifted their price objective on Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, B. Riley lifted their price objective on Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday. Five research analysts have rated the stock with a sell rating, twenty have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Airbnb presently has an average rating of “Hold” and a consensus target price of $145.79.

Airbnb Trading Up 14.4 %

NASDAQ ABNB opened at $161.42 on Monday. The firm has a market capitalization of $102.34 billion, a P/E ratio of 56.64, a PEG ratio of 1.88 and a beta of 1.12. The business has a fifty day simple moving average of $133.49 and a 200 day simple moving average of $130.04. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. 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 (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. On average, analysts predict that Airbnb, Inc. will post 3.97 EPS for the current fiscal year.

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.