23,955 Shares in Airbnb, Inc. (NASDAQ:ABNB) Acquired by Baker Chad R

Baker Chad R acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the first quarter, according to its most recent filing with the SEC. The fund acquired 23,955 shares of the company’s stock, valued at approximately $2,862,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ABNB. MJP Associates Inc. ADV boosted its position in shares of Airbnb by 1.8% in the fourth quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company’s stock valued at $490,000 after acquiring an additional 67 shares during the period. Lindbrook Capital LLC lifted its stake in Airbnb by 1.4% in the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock worth $728,000 after purchasing an additional 78 shares in the last quarter. Ellevest Inc. boosted its holdings in Airbnb by 3.1% in the 4th quarter. Ellevest Inc. now owns 2,655 shares of the company’s stock valued at $349,000 after purchasing an additional 80 shares during the period. Manchester Capital Management LLC grew its position in shares of Airbnb by 18.2% during the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock valued at $69,000 after purchasing an additional 81 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in shares of Airbnb by 7.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,337 shares of the company’s stock valued at $176,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ABNB shares. JPMorgan Chase & Co. dropped their price objective on shares of Airbnb from $160.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. DA Davidson upgraded Airbnb from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $170.00 to $155.00 in a report on Wednesday, April 30th. Canaccord Genuity Group cut their price objective on Airbnb from $190.00 to $180.00 and set a “buy” rating for the company in a report on Monday, April 28th. Royal Bank of Canada lowered their target price on Airbnb from $160.00 to $140.00 and set a “sector perform” rating for the company in a research note on Friday, May 2nd. Finally, Truist Financial reissued a “sell” rating and issued a $106.00 target price (down previously from $112.00) on shares of Airbnb in a research note on Friday, May 30th. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $141.23.

Insider Activity at Airbnb

In related news, insider Nathan Blecharczyk sold 2,245 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $134.03, for a total transaction of $300,897.35. Following the completion of the transaction, the insider now directly owns 188,173 shares of the company’s stock, valued at $25,220,827.19. This represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $126.00, for a total transaction of $88,200.00. Following the transaction, the chief technology officer now directly owns 171,419 shares of the company’s stock, valued at $21,598,794. This represents a 0.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,663,033 shares of company stock valued at $208,384,185 over the last ninety days. Insiders own 27.91% of the company’s stock.

Airbnb Stock Up 0.5%

Airbnb stock opened at $138.81 on Friday. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a 50 day moving average price of $125.71 and a 200 day moving average price of $130.81. The company has a market capitalization of $86.95 billion, a PE ratio of 33.61, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 EPS. Research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

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.