Figure 8 Investment Strategies LLC Purchases New Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Figure 8 Investment Strategies LLC acquired a new position in Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,350 shares of the company’s stock, valued at approximately $834,000.

Other large investors have also modified their holdings of the company. Northwest Investment Counselors LLC purchased a new position in Airbnb in the 3rd quarter worth about $25,000. Golden State Wealth Management LLC bought a new position in Airbnb in the 4th quarter worth about $25,000. Hollencrest Capital Management increased 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 acquiring an additional 200 shares during the period. Berbice Capital Management LLC bought a new stake in shares of Airbnb during the fourth quarter valued at approximately $26,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Airbnb in the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

ABNB opened at $141.04 on Friday. The firm has a 50 day moving average of $133.00 and a two-hundred day moving average of $130.02. The firm has a market capitalization of $89.42 billion, a PE ratio of 49.49, a P/E/G ratio of 1.88 and a beta of 1.12. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. On average, analysts anticipate that Airbnb, Inc. will post 3.97 EPS for the current year.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 500 shares of Airbnb stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total transaction of $68,005.00. Following the completion of the transaction, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at $25,218,158.14. The trade was a 0.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO David C. Bernstein sold 1,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $137.00, for a total transaction of $137,000.00. Following the completion of the transaction, the chief accounting officer now owns 40,581 shares of the company’s stock, valued at approximately $5,559,597. This represents a 2.40 % 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 valued at $187,654,829 in the last quarter. 27.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on ABNB. Barclays raised their price objective on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Benchmark restated a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a report on Friday, November 8th. UBS Group increased their target price on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Phillip Securities restated a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a report on Tuesday, November 12th. Finally, Evercore ISI increased their price objective on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $139.38.

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.