FORA Capital LLC Invests $2.96 Million in Airbnb, Inc. (NASDAQ:ABNB)

FORA Capital LLC bought a new position in Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,497 shares of the company’s stock, valued at approximately $2,956,000.

Several other hedge funds also recently modified their holdings of the company. Verde Capital Management lifted its holdings in Airbnb by 25.3% in the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after acquiring an additional 4,269 shares during the last quarter. Baltimore Washington Financial Advisors Inc. boosted its holdings in Airbnb by 14.8% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock worth $6,498,000 after buying an additional 6,357 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Airbnb by 40.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock worth $90,123,000 after buying an additional 197,558 shares during the last quarter. Sarasin & Partners LLP acquired a new stake in shares of Airbnb during the 4th quarter valued at $2,272,000. Finally, RFG Advisory LLC lifted its holdings in shares of Airbnb by 47.2% during the fourth quarter. RFG Advisory LLC now owns 6,617 shares of the company’s stock valued at $870,000 after purchasing an additional 2,123 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Stock Up 2.7 %

Airbnb stock opened at $126.39 on Friday. The firm has a market capitalization of $79.69 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 3.52 and a beta of 1.14. The company’s 50 day simple moving average is $121.81 and its 200 day simple moving average is $131.24. 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, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93.

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

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 11,488 shares of Airbnb stock in a transaction on Friday, February 14th. The stock was sold at an average price of $158.00, for a total transaction of $1,815,104.00. Following the completion of the sale, the chief technology officer now owns 181,214 shares of the company’s stock, valued at approximately $28,631,812. This trade represents a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the completion of the sale, the chief executive officer now owns 12,000,913 shares of the company’s stock, valued at $1,934,067,139.08. This trade represents a 1.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,173,970 shares of company stock worth $293,686,892 over the last quarter. 27.91% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on ABNB shares. Citigroup decreased their target price on shares of Airbnb from $170.00 to $155.00 and set a “buy” rating for the company in a report on Monday. Jefferies Financial Group upgraded shares of Airbnb from a “hold” rating to a “buy” rating and raised their price target for the stock from $165.00 to $185.00 in a report on Monday, March 10th. Tigress Financial increased their price target on shares of Airbnb from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, March 14th. Cantor Fitzgerald cut their price target on Airbnb from $101.00 to $100.00 and set an “underweight” rating for the company in a report on Friday, May 2nd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research note on Friday, May 2nd. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $142.31.

Airbnb Company 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.