Caprock Group LLC Purchases 1,065 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Caprock Group LLC lifted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 12.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,699 shares of the company’s stock after purchasing an additional 1,065 shares during the quarter. Caprock Group LLC’s holdings in Airbnb were worth $1,275,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new stake in shares of Airbnb in the third quarter worth approximately $25,000. Berbice Capital Management LLC purchased a new stake in Airbnb in the 4th quarter valued at $26,000. Hollencrest Capital Management lifted its stake in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Airbnb during the 3rd quarter worth $30,000. Finally, Quarry LP purchased a new stake in shares of Airbnb in the third quarter valued at about $55,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Down 0.5 %

Shares of ABNB opened at $131.17 on Monday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a 50 day simple moving average of $133.69 and a two-hundred day simple moving average of $130.51. The firm has a market cap of $83.16 billion, a P/E ratio of 46.02, a P/E/G ratio of 1.74 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the previous year, the business earned $2.39 EPS. On average, analysts forecast that Airbnb, Inc. will post 3.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total value of $89,705.00. Following the transaction, the chief technology officer now directly owns 182,614 shares of the company’s stock, valued at $23,401,984.10. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the completion of the sale, the director now directly owns 10,321 shares in the company, valued at approximately $1,352,876.68. This trade represents a 95.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,372,293 shares of company stock worth $181,759,318 in the last ninety days. 27.83% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. TD Cowen boosted their price target on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Wedbush increased their price target on Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Benchmark reissued a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a research report on Friday, November 8th. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. Finally, DA Davidson boosted their price target on shares of Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. Six equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $139.63.

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.