Tanager Wealth Management LLP Makes New Investment in Airbnb, Inc. (NASDAQ:ABNB)

Tanager Wealth Management LLP bought a new position in Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,121 shares of the company’s stock, valued at approximately $289,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Airbnb by 43.0% during the 3rd quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock worth $4,697,896,000 after buying an additional 10,301,746 shares in the last quarter. Norges Bank bought a new position in shares of Airbnb during the 4th quarter worth $332,438,000. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Airbnb during the 3rd quarter worth $235,338,000. Northern Trust Corp grew its position in shares of Airbnb by 41.3% during the 3rd quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock worth $598,745,000 after buying an additional 1,276,456 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Airbnb during the 1st quarter worth $173,967,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 78,682 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total value of $13,320,862.60. Following the sale, the chief technology officer now owns 144,331 shares in the company, valued at approximately $24,435,238.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CTO Aristotle N. Balogh sold 75,500 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $155.31, for a total transaction of $11,725,905.00. Following the completion of the transaction, the chief technology officer now directly owns 146,131 shares of the company’s stock, valued at approximately $22,695,605.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 78,682 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total value of $13,320,862.60. Following the transaction, the chief technology officer now directly owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 475,414 shares of company stock worth $75,187,257. 30.84% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Bank of America increased their price target on Airbnb from $155.00 to $168.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. Benchmark initiated coverage on Airbnb in a research report on Thursday, April 11th. They set a “buy” rating and a $190.00 price objective on the stock. Tigress Financial raised their price objective on Airbnb from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, April 5th. B. Riley initiated coverage on Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price objective on the stock. Finally, Wedbush reaffirmed a “neutral” rating and set a $160.00 price objective on shares of Airbnb in a research report on Thursday. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $147.58.

Airbnb Trading Down 3.2 %

NASDAQ ABNB traded down $5.09 on Friday, reaching $155.01. 3,903,802 shares of the company were exchanged, compared to its average volume of 4,615,482. The business’s fifty day moving average price is $159.40 and its 200 day moving average price is $142.09. The stock has a market capitalization of $100.30 billion, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 2.03 and a beta of 1.25. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a fifty-two week low of $103.55 and a fifty-two week high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. Analysts forecast that Airbnb, Inc. will post 4.63 earnings per share for the current 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.