Hudson Edge Investment Partners Inc. Buys 200 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Hudson Edge Investment Partners Inc. raised its stake in Airbnb, Inc. (NASDAQ:ABNB) by 14.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,631 shares of the company’s stock after buying an additional 200 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Airbnb were worth $214,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. CAP Partners LLC increased its holdings in shares of Airbnb by 3.6% in the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock worth $293,000 after buying an additional 77 shares during the last quarter. Manchester Capital Management LLC increased 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 worth $69,000 after buying an additional 81 shares during the last quarter. Salvus Wealth Management LLC increased 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 worth $455,000 after buying an additional 84 shares during the last quarter. First Horizon Advisors Inc. increased 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 worth $74,000 after buying an additional 94 shares during the last quarter. Finally, Kingsview Wealth Management LLC grew its holdings in shares of Airbnb by 2.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock valued at $468,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In other news, insider Nathan Blecharczyk sold 183,078 shares of Airbnb stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 164,850 shares in the company, valued at $26,046,300. The trade was a 52.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the completion of the sale, the chief executive officer now owns 12,000,913 shares of the company’s stock, valued at $1,934,067,139.08. This represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,950,540 shares of company stock worth $275,598,944. 27.83% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ABNB has been the topic of several recent research reports. Phillip Securities reaffirmed a “reduce” rating and set a $120.00 target price on shares of Airbnb in a report on Tuesday, November 12th. Argus raised shares of Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday. UBS Group increased their target price on shares of Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, February 14th. HSBC raised shares of Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Finally, Evercore ISI increased their target price on shares of Airbnb to $155.00 and gave the company a “hold” rating in a report on Wednesday, January 15th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Airbnb presently has an average rating of “Hold” and an average target price of $146.48.

Airbnb Stock Down 5.9 %

NASDAQ:ABNB opened at $146.07 on Friday. The firm has a market cap of $92.10 billion, a P/E ratio of 35.37, a P/E/G ratio of 3.74 and a beta of 1.12. 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, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm has a 50-day simple moving average of $135.45 and a two-hundred day simple moving average of $130.97.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share 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%. Analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal 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.