Ieq Capital LLC Boosts Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Ieq Capital LLC boosted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 103.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,289 shares of the company’s stock after acquiring an additional 95,559 shares during the period. Ieq Capital LLC’s holdings in Airbnb were worth $24,743,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ABNB. Northwest Investment Counselors LLC purchased a new stake in Airbnb during the third quarter valued at approximately $25,000. Golden State Wealth Management LLC purchased a new stake in Airbnb during the fourth quarter valued at approximately $25,000. Hollencrest Capital Management lifted its position in Airbnb by 6,666.7% during 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 purchased a new stake in Airbnb during the fourth quarter valued at approximately $26,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Airbnb during the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

Airbnb stock opened at $157.83 on Thursday. The company’s 50 day simple moving average is $134.80 and its 200-day simple moving average is $130.65. The company has a market capitalization of $100.06 billion, a price-to-earnings ratio of 38.22, a price-to-earnings-growth ratio of 2.38 and a beta of 1.12. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

Airbnb (NASDAQ:ABNB) last released 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 net margin of 23.85% and a return on equity of 32.29%. As a group, equities research analysts expect that Airbnb, Inc. will post 4.27 earnings per share for the current year.

Insider Activity at Airbnb

In related news, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $137.00, for a total value of $137,000.00. Following the completion of the transaction, the chief accounting officer now owns 40,581 shares in the company, valued at approximately $5,559,597. The trade was a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the completion of the transaction, the chief executive officer now owns 12,000,913 shares of the company’s stock, valued at $1,934,067,139.08. This trade represents a 1.89 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,834,455 shares of company stock worth $256,987,686. Corporate insiders own 27.83% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ABNB. JPMorgan Chase & Co. raised their price target on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Robert W. Baird raised shares of Airbnb from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $140.00 to $175.00 in a report on Friday, February 14th. Piper Sandler raised their price target on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Truist Financial decreased their price target on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a report on Wednesday, December 4th. Finally, DA Davidson raised their price target on shares of Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $147.00.

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.