Aristides Capital LLC Raises Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Aristides Capital LLC boosted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 14.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,537 shares of the company’s stock after buying 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 SEC.

Several other hedge funds also recently bought and sold shares of ABNB. CAP Partners LLC boosted its stake 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 last quarter. Lindbrook Capital LLC boosted its stake in shares of Airbnb by 1.4% during 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 during the last quarter. Manchester Capital Management LLC grew its holdings in shares of Airbnb by 18.2% during the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock worth $69,000 after buying an additional 81 shares in the last quarter. Salvus Wealth Management LLC raised its position 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 buying an additional 84 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its stake in shares of Airbnb by 2.3% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 4,285 shares of the company’s stock valued at $565,000 after buying an additional 95 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Trading Down 6.4 %

Shares of ABNB opened at $106.66 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. Airbnb, Inc. has a one year low of $104.73 and a one year high of $166.74. The stock has a 50-day moving average price of $133.75 and a 200 day moving average price of $133.66. The company has a market capitalization of $67.25 billion, a P/E ratio of 25.83, a P/E/G ratio of 3.52 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping 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%. Sell-side analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Activity

In related news, insider Nathan Blecharczyk sold 183,078 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the sale, the insider now directly owns 164,850 shares of the company’s stock, valued at approximately $26,046,300. This represents a 52.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction on Monday, January 6th. The stock was sold at an average price of $137.00, for a total transaction of $856,250.00. Following the completion of the transaction, the chief financial officer now directly owns 491,238 shares of the company’s stock, valued at approximately $67,299,606. This represents a 1.26 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,290,053 shares of company stock worth $319,656,539. 27.83% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ABNB has been the subject of several analyst reports. Bank of America boosted their price target on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Hsbc Global Res raised Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Jefferies Financial Group raised shares of Airbnb from a “hold” rating to a “buy” rating and upped their price objective for the company from $165.00 to $185.00 in a research note on Monday, March 10th. Truist Financial decreased their target price on shares of Airbnb from $123.00 to $112.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Finally, HSBC raised shares of Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Airbnb has an average rating of “Hold” and an average price target of $147.28.

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.