Machina Capital S.A.S. Purchases 5,206 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Machina Capital S.A.S. lifted its position in Airbnb, Inc. (NASDAQ:ABNB) by 138.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,973 shares of the company’s stock after buying an additional 5,206 shares during the period. Machina Capital S.A.S.’s holdings in Airbnb were worth $1,179,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in Airbnb in the 4th quarter worth approximately $25,000. Hollencrest Capital Management increased its holdings in shares of Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Berbice Capital Management LLC purchased a new position in shares of Airbnb in the fourth quarter worth $26,000. Ashton Thomas Securities LLC bought a new position in shares of Airbnb during the third quarter valued at $30,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Airbnb during the fourth quarter valued at $44,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $140.10, for a total value of $98,070.00. Following the completion of the sale, the chief technology officer now directly owns 172,819 shares of the company’s stock, valued at $24,211,941.90. The trade was a 0.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Elinor Mertz sold 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $140.10, for a total transaction of $875,625.00. Following the transaction, the chief financial officer now directly owns 449,463 shares in the company, valued at approximately $62,969,766.30. This trade represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,093,970 shares of company stock worth $296,365,992. Insiders own 27.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ABNB. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research report on Friday, February 14th. Gordon Haskett raised shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective for the company in a report on Friday, February 14th. JMP Securities restated a “market perform” rating on shares of Airbnb in a research note on Friday, February 14th. Morgan Stanley lifted their price target on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. Finally, DA Davidson increased their price target on Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Five investment 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $146.48.

Airbnb Trading Down 0.3 %

ABNB opened at $134.39 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The stock’s 50 day moving average price is $136.92 and its 200-day moving average price is $132.44. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The stock has a market cap of $84.74 billion, a price-to-earnings ratio of 32.54, a P/E/G ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, equities analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current 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.