K.J. Harrison & Partners Inc Buys Shares of 5,000 Airbnb, Inc. (NASDAQ:ABNB)

K.J. Harrison & Partners Inc purchased a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,000 shares of the company’s stock, valued at approximately $657,000.

A number of other hedge funds have also recently modified their holdings of the business. Golden State Wealth Management LLC purchased a new position in Airbnb during the fourth quarter valued at $25,000. Berbice Capital Management LLC purchased a new position in shares of Airbnb during the 4th quarter valued at about $26,000. Hollencrest Capital Management grew its stake in shares of Airbnb by 6,666.7% during the 3rd 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 period. Ashton Thomas Securities LLC bought a new position in shares of Airbnb during the 3rd quarter valued at approximately $30,000. Finally, Whipplewood Advisors LLC purchased a new stake in Airbnb in the 4th quarter worth approximately $44,000. Institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on ABNB shares. Susquehanna upped their price target on shares of Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a research report on Tuesday, February 18th. Bank of America increased their price target on Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Truist Financial lowered their price objective on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research report on Wednesday, December 4th. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research report on Friday, February 14th. Finally, DA Davidson boosted their price target on 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 issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $146.48.

Insider Buying and Selling

In other Airbnb news, insider Nathan Blecharczyk sold 183,078 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $158.00, for a total value of $28,926,324.00. Following the transaction, the insider now directly owns 164,850 shares in the company, valued at $26,046,300. This represents a 52.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 500 shares of Airbnb stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total transaction of $68,005.00. Following the sale, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at $25,218,158.14. This represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,876,329 shares of company stock valued at $265,258,279. Insiders own 27.83% of the company’s stock.

Airbnb Price Performance

Airbnb stock opened at $144.03 on Thursday. 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 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $136.22 and a 200-day moving average price of $131.58. The firm has a market capitalization of $90.82 billion, a PE ratio of 34.87, a price-to-earnings-growth ratio of 3.52 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate 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 forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

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.