XTX Topco Ltd Has $1.13 Million Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

XTX Topco Ltd increased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 83.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,580 shares of the company’s stock after acquiring an additional 3,914 shares during the period. XTX Topco Ltd’s holdings in Airbnb were worth $1,127,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ABNB. Golden State Wealth Management LLC acquired a new stake in Airbnb during the fourth quarter valued at approximately $25,000. Berbice Capital Management LLC bought a new position in shares of Airbnb during the 4th quarter worth approximately $26,000. Graney & King LLC acquired a new stake in Airbnb in the 4th quarter valued at $32,000. Whipplewood Advisors LLC bought a new stake in Airbnb in the fourth quarter valued at $44,000. Finally, Cromwell Holdings LLC raised its stake in Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after acquiring an additional 170 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ABNB shares. Canaccord Genuity Group upped their target price on shares of Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Wells Fargo & Company dropped their price objective on shares of Airbnb from $134.00 to $100.00 and set an “underweight” rating for the company in a report on Monday, April 7th. Tigress Financial lifted their target price on shares of Airbnb from $195.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, March 14th. Jefferies Financial Group upgraded Airbnb from a “hold” rating to a “buy” rating and increased their price target for the stock from $165.00 to $185.00 in a research report on Monday, March 10th. Finally, The Goldman Sachs Group upgraded Airbnb from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $110.00 to $153.00 in a research report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $146.56.

Airbnb Price Performance

Shares of ABNB stock opened at $114.64 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $166.74. The firm has a fifty day moving average of $130.52 and a 200-day moving average of $132.63. The firm has a market capitalization of $72.29 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, equities research analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insiders Place Their Bets

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $108.76, for a total transaction of $23,305,636.60. Following the completion of the transaction, the director now owns 2,294,870 shares in the company, valued at approximately $249,590,061.20. This represents a 8.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $135.47, for a total value of $94,829.00. Following the completion of the sale, the chief technology officer now owns 183,314 shares in the company, valued at approximately $24,833,547.58. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,036,607 shares of company stock worth $280,762,098. Company insiders own 27.83% of the company’s stock.

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.