Mariner LLC Buys 325 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Mariner LLC grew its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,203 shares of the company’s stock after acquiring an additional 325 shares during the period. Mariner LLC’s holdings in Airbnb were worth $6,466,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Reynders McVeigh Capital Management LLC acquired a new stake in Airbnb in the 4th quarter worth about $7,286,000. SageView Advisory Group LLC increased its stake in Airbnb by 5.7% during the 4th quarter. SageView Advisory Group LLC now owns 5,403 shares of the company’s stock worth $710,000 after acquiring an additional 293 shares during the period. Keystone Financial Group raised its holdings in Airbnb by 114.4% in the 4th quarter. Keystone Financial Group now owns 8,830 shares of the company’s stock valued at $1,204,000 after acquiring an additional 4,712 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Airbnb by 1.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 17,990 shares of the company’s stock valued at $2,364,000 after acquiring an additional 293 shares during the period. Finally, Sagespring Wealth Partners LLC acquired a new stake in shares of Airbnb during the 4th quarter worth $283,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $114.68, for a total transaction of $80,276.00. Following the transaction, the chief technology officer now owns 222,822 shares of the company’s stock, valued at $25,553,226.96. The trade was a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian Chesky sold 230,772 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $161.16, for a total value of $37,191,215.52. Following the completion of the sale, the chief executive officer now directly owns 12,000,913 shares of the company’s stock, valued at $1,934,067,139.08. The trade was a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,037,307 shares of company stock worth $280,842,374 in the last quarter. Insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

Shares of ABNB opened at $112.70 on Friday. The stock has a 50-day moving average of $129.19 and a 200-day moving average of $132.35. Airbnb, Inc. has a one year low of $99.88 and a one year high of $166.74. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market cap of $71.06 billion, a PE ratio of 27.29, a P/E/G ratio of 3.52 and a beta of 1.15.

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 analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, equities research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ABNB has been the subject of several recent analyst reports. Hsbc Global Res raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Morgan Stanley increased their price target on shares of Airbnb from $125.00 to $130.00 and gave the stock an “underweight” rating in a research report on Thursday. Evercore ISI boosted their price objective on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research report on Wednesday, January 15th. B. Riley raised their target price on Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Finally, Susquehanna boosted their price target on Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a report on Tuesday, February 18th. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $146.94.

Airbnb 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.