Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Aristides Capital LLC

Aristides Capital LLC boosted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 14.4% in the fourth quarter, HoldingsChannel reports. The firm owned 16,537 shares of the company’s stock after purchasing an additional 2,087 shares during the quarter. Aristides Capital LLC’s holdings in Airbnb were worth $2,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. CAP Partners LLC boosted its holdings in shares of Airbnb by 3.6% during the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock valued at $293,000 after acquiring an additional 77 shares during the period. Lindbrook Capital LLC boosted its stake in Airbnb by 1.4% during the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock valued at $728,000 after purchasing an additional 78 shares during the period. Manchester Capital Management LLC grew its position in Airbnb by 18.2% in the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock worth $69,000 after purchasing an additional 81 shares during the last quarter. Salvus Wealth Management LLC increased its stake in shares of Airbnb by 2.5% in the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after purchasing an additional 84 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 currently owned by institutional investors.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $135.35, for a total transaction of $94,745.00. Following the completion of the sale, the chief technology officer now owns 184,714 shares of the company’s stock, valued at $25,001,039.90. This represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Chesky sold 38,459 shares of Airbnb stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $120.44, for a total transaction of $4,632,001.96. Following the completion of the transaction, the chief executive officer now directly owns 11,731,685 shares in the company, valued at approximately $1,412,964,141.40. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,290,053 shares of company stock worth $319,656,539. Corporate insiders own 27.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Susquehanna lifted their target price on Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a research note on Tuesday, February 18th. Evercore ISI lifted 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. Benchmark increased their target price on shares of Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Hsbc Global Res upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Finally, The Goldman Sachs Group upgraded shares of Airbnb from a “sell” rating to a “neutral” rating and increased their price objective for the company from $110.00 to $153.00 in a report on Friday, February 14th. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $147.28.

Airbnb Stock Down 6.4 %

Shares of Airbnb stock opened at $106.66 on Friday. The firm has a market cap of $67.25 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 3.52 and a beta of 1.15. The stock has a 50-day simple moving average of $133.75 and a 200-day simple moving average of $133.66. Airbnb, Inc. has a 52-week low of $104.73 and a 52-week 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.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. On average, equities research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

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.