Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Xponance Inc.

Xponance Inc. lifted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 0.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 94,632 shares of the company’s stock after buying an additional 628 shares during the quarter. Xponance Inc.’s holdings in Airbnb were worth $12,883,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Wellesley Asset Management acquired a new stake in shares of Airbnb during the first quarter worth about $121,000. CVA Family Office LLC acquired a new stake in shares of Airbnb during the fourth quarter worth about $26,000. Orion Capital Management LLC acquired a new stake in Airbnb in the third quarter valued at about $27,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Airbnb in the fourth quarter valued at about $30,000. Finally, Farmers & Merchants Investments Inc. acquired a new stake in Airbnb in the third quarter valued at about $39,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Trading Down 0.0 %

ABNB stock traded down $0.03 during midday trading on Friday, hitting $160.07. The stock had a trading volume of 349,329 shares, compared to its average volume of 4,568,438. The firm has a market cap of $103.58 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 2.03 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66. Airbnb, Inc. has a 12-month low of $103.55 and a 12-month high of $170.10. The company’s 50-day moving average price is $159.40 and its 200 day moving average price is $142.09.

Airbnb (NASDAQ:ABNB) last released its earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.67 by $0.09. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. On average, equities research analysts predict that Airbnb, Inc. will post 4.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on ABNB shares. UBS Group reduced their price objective on shares of Airbnb from $148.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Tigress Financial raised their price objective on shares of Airbnb from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Wells Fargo & Company raised their price objective on shares of Airbnb from $107.00 to $127.00 and gave the company an “underweight” rating in a research report on Monday, April 1st. DA Davidson restated a “neutral” rating and issued a $145.00 price objective on shares of Airbnb in a research report on Friday, March 15th. Finally, Benchmark initiated coverage on shares of Airbnb in a report on Thursday, April 11th. They issued a “buy” rating and a $190.00 target price for the company. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and a consensus price target of $147.58.

Insider Buying and Selling at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 8,580 shares of Airbnb stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $142.32, for a total value of $1,221,105.60. Following the transaction, the insider now owns 533,762 shares in the company, valued at approximately $75,965,007.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Airbnb news, insider Nathan Blecharczyk sold 8,580 shares of Airbnb stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $142.32, for a total value of $1,221,105.60. Following the transaction, the insider now owns 533,762 shares in the company, valued at approximately $75,965,007.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 78,682 shares of Airbnb stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the completion of the transaction, the chief technology officer now owns 144,331 shares in the company, valued at approximately $24,435,238.30. The disclosure for this sale can be found here. Insiders have sold a total of 475,414 shares of company stock worth $75,187,257 in the last quarter. 30.84% of the stock is owned by insiders.

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.