Ring Mountain Capital LLC Buys Shares of 5,641 Airbnb, Inc. (NASDAQ:ABNB)

Ring Mountain Capital LLC bought a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,641 shares of the company’s stock, valued at approximately $741,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ABNB. CAP Partners LLC boosted its position in shares of Airbnb by 3.6% during the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock worth $293,000 after buying an additional 77 shares during the period. Manchester Capital Management LLC boosted its position in shares of Airbnb by 18.2% during the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock worth $69,000 after buying an additional 81 shares during the period. Salvus Wealth Management LLC boosted its position in shares of Airbnb by 2.5% during the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock worth $455,000 after buying an additional 84 shares during the period. First Horizon Advisors Inc. boosted its position in shares of Airbnb by 19.3% during the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock worth $74,000 after buying an additional 94 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its position in shares of Airbnb by 2.3% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 4,285 shares of the company’s stock worth $565,000 after buying an additional 95 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Price Performance

Airbnb stock opened at $140.98 on Tuesday. The stock’s fifty day moving average price is $136.65 and its two-hundred day moving average price is $132.18. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. 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 firm has a market cap of $88.89 billion, a PE ratio of 34.14, a price-to-earnings-growth ratio of 3.52 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 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%. As a group, research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Airbnb news, CEO Brian Chesky sold 230,772 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the sale, the chief executive officer now owns 12,000,913 shares of the company’s stock, valued at approximately $1,934,067,139.08. This trade represents a 1.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Nathan Blecharczyk sold 183,078 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $158.00, for a total value of $28,926,324.00. Following the completion of the sale, the insider now directly owns 164,850 shares in the company, valued at approximately $26,046,300. This represents a 52.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,087,020 shares of company stock worth $295,392,297 in the last 90 days. Company insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ABNB shares. Truist Financial reduced their price objective on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. UBS Group increased their price target on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Hsbc Global Res raised Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Citigroup increased their price target on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Argus raised Airbnb from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and an average target price of $146.48.

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.