MTM Investment Management LLC Purchases 1,964 Shares of Airbnb, Inc. (NASDAQ:ABNB)

MTM Investment Management LLC grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 27.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,089 shares of the company’s stock after purchasing an additional 1,964 shares during the quarter. MTM Investment Management LLC’s holdings in Airbnb were worth $1,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ABNB. Northwest Investment Counselors LLC bought a new position in shares of Airbnb in the third quarter worth about $25,000. Golden State Wealth Management LLC purchased a new position in shares of Airbnb in the fourth quarter worth $25,000. Hollencrest Capital Management lifted its holdings in shares of Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after buying an additional 200 shares in the last quarter. Berbice Capital Management LLC purchased a new position in shares of Airbnb in the fourth quarter worth $26,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Airbnb in the third quarter worth $30,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $140.52 on Thursday. The stock has a market capitalization of $89.09 billion, a price-to-earnings ratio of 49.31, a PEG ratio of 1.88 and a beta of 1.12. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The firm’s 50 day simple moving average is $132.90 and its 200-day simple moving average is $129.95. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

Analysts Set New Price Targets

Several equities analysts have recently commented on ABNB shares. Barclays boosted their target price on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Susquehanna boosted their price target on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research report on Monday, November 11th. Wells Fargo & Company reduced their price target on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Benchmark restated a “buy” rating and issued a $155.00 price target on shares of Airbnb in a research report on Friday, November 8th. Finally, Phillip Securities restated a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a research report on Tuesday, November 12th. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $139.63.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total transaction of $89,705.00. Following the transaction, the chief technology officer now owns 182,614 shares in the company, valued at $23,401,984.10. This trade represents a 0.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nathan Blecharczyk sold 9,603 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the transaction, the insider now owns 164,850 shares in the company, valued at $21,466,767. The trade was a 5.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,417,704 shares of company stock worth $187,654,829 in the last quarter. Corporate insiders own 27.83% of the company’s stock.

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.