Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by MTM Investment Management LLC

MTM Investment Management LLC grew its stake in Airbnb, Inc. (NASDAQ:ABNB) by 27.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,089 shares of the company’s stock after acquiring an additional 1,964 shares during the quarter. MTM Investment Management LLC’s holdings in Airbnb were worth $1,194,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Northwest Investment Counselors LLC acquired a new stake in shares of Airbnb in the 3rd quarter worth $25,000. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb during the 4th quarter worth about $25,000. Hollencrest Capital Management lifted its position in shares of Airbnb by 6,666.7% during the third 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 acquired a new stake in shares of Airbnb during the fourth quarter worth about $26,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Airbnb during the third quarter worth about $30,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $140.52 on Thursday. 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 firm has a market cap of $89.09 billion, a price-to-earnings ratio of 49.31, a P/E/G ratio of 1.88 and a beta of 1.12. The business’s 50-day simple moving average is $132.90 and its 200-day simple moving average is $129.95. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ABNB shares. Jefferies Financial Group increased their price target on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. TD Cowen raised their target price on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, November 8th. Susquehanna raised their target price on shares of Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a report on Monday, November 11th. Wells Fargo & Company reduced their target price on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Finally, Piper Sandler raised their target price on shares of Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Six analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and a consensus target price of $139.63.

Insider Activity at Airbnb

In related news, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction on Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the completion of the sale, the chief accounting officer now directly owns 40,581 shares of the company’s stock, valued at $5,559,597. The trade was a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nathan Blecharczyk sold 9,603 shares of Airbnb stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the transaction, the insider now owns 164,850 shares in the company, valued at approximately $21,466,767. This represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,417,704 shares of company stock worth $187,654,829 in the last 90 days. 27.83% of the stock is owned by company insiders.

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.