Kera Capital Partners Inc. Invests $302,000 in Airbnb, Inc. (NASDAQ:ABNB)

Kera Capital Partners Inc. purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,299 shares of the company’s stock, valued at approximately $302,000.

Several other hedge funds also recently added to or reduced their stakes in ABNB. Edgewood Management LLC boosted its holdings in shares of Airbnb by 9.2% in the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after buying an additional 1,143,464 shares in the last quarter. Geode Capital Management LLC lifted its position in Airbnb by 1.6% in the third quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock valued at $1,189,635,000 after acquiring an additional 146,761 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Airbnb by 6,085.6% during the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after purchasing an additional 4,172,985 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Airbnb by 4.7% during the second quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock worth $519,044,000 after purchasing an additional 153,784 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Airbnb by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock worth $343,185,000 after purchasing an additional 52,358 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ABNB has been the topic of a number of research reports. Phillip Securities restated a “reduce” rating and set a $120.00 price target on shares of Airbnb in a research note on Tuesday, November 12th. Robert W. Baird lifted their target price on shares of Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Truist Financial decreased their price target on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research note on Wednesday, December 4th. JPMorgan Chase & Co. upped their target price on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Morgan Stanley increased their target price 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. Six analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $139.63.

Airbnb Stock Up 2.2 %

ABNB stock opened at $135.12 on Friday. The company has a 50 day moving average price of $134.16 and a two-hundred day moving average price of $132.11. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market capitalization of $85.66 billion, a P/E ratio of 47.41, a PEG ratio of 1.63 and a beta of 1.13. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter in the previous year, the company posted $2.39 earnings per share. As a group, sell-side analysts expect that Airbnb, Inc. will post 3.99 EPS for the current year.

Insider Activity at Airbnb

In related news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $128.95, for a total transaction of $27,632,050.75. Following the completion of the sale, the director now owns 1,071,430 shares of the company’s stock, valued at approximately $138,160,898.50. This represents a 16.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $129.82, for a total transaction of $90,874.00. Following the sale, the chief technology officer now owns 184,014 shares of the company’s stock, valued at approximately $23,888,697.48. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,130,982 shares of company stock worth $150,523,585. 27.83% of the stock is owned by company 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.