Stevens Capital Management LP Takes Position in Airbnb, Inc. (NASDAQ:ABNB)

Stevens Capital Management LP acquired a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, HoldingsChannel reports. The fund acquired 5,330 shares of the company’s stock, valued at approximately $726,000.

A number of other hedge funds have also recently bought and sold shares of the business. CVA Family Office LLC bought a new position in Airbnb during the 4th quarter worth approximately $26,000. Orion Capital Management LLC acquired a new position in shares of Airbnb in the 3rd quarter worth $27,000. Bfsg LLC acquired a new position in shares of Airbnb in the 4th quarter worth $27,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Airbnb in the 4th quarter worth $30,000. Finally, Farmers & Merchants Investments Inc. acquired a new position in shares of Airbnb in the 3rd quarter worth $39,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $157.24, for a total value of $94,344.00. Following the sale, the chief technology officer now owns 221,104 shares of the company’s stock, valued at approximately $34,766,392.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $157.24, for a total value of $94,344.00. Following the sale, the chief technology officer now owns 221,104 shares of the company’s stock, valued at $34,766,392.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 75,500 shares of Airbnb stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $155.31, for a total value of $11,725,905.00. Following the completion of the sale, the chief technology officer now directly owns 146,131 shares in the company, valued at approximately $22,695,605.61. The disclosure for this sale can be found here. Insiders have sold 464,274 shares of company stock worth $73,610,859 in the last three months. Insiders own 30.84% of the company’s stock.

Airbnb Price Performance

NASDAQ ABNB traded up $0.17 during trading hours on Thursday, reaching $163.01. 2,396,302 shares of the company’s stock were exchanged, compared to its average volume of 4,543,942. The stock has a market cap of $105.48 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 2.06 and a beta of 1.25. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average of $160.10 and a 200-day moving average of $143.03. Airbnb, Inc. has a one year low of $103.55 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. On average, equities research analysts predict that Airbnb, Inc. will post 4.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ABNB has been the topic of several recent analyst reports. Wells Fargo & Company upped their price target on Airbnb from $107.00 to $127.00 and gave the company an “underweight” rating in a research report on Monday, April 1st. Bank of America upped their price target on Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. UBS Group lowered their target price on Airbnb from $148.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. Truist Financial boosted their target price on Airbnb from $118.00 to $131.00 and gave the company a “hold” rating in a research note on Thursday, March 14th. Finally, Wedbush restated a “neutral” rating and issued a $160.00 target price on shares of Airbnb in a research note on Thursday, April 18th. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $149.19.

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.