Tanager Wealth Management LLP Makes New $289,000 Investment in Airbnb, Inc. (NASDAQ:ABNB)

Tanager Wealth Management LLP bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,121 shares of the company’s stock, valued at approximately $289,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ABNB. Compagnie Lombard Odier SCmA lifted its holdings in shares of Airbnb by 34.7% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 31,612 shares of the company’s stock worth $4,304,000 after buying an additional 8,140 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Airbnb by 4.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock worth $1,119,000 after buying an additional 333 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Airbnb by 27.5% in the fourth quarter. Nordea Investment Management AB now owns 1,268,390 shares of the company’s stock worth $172,742,000 after buying an additional 273,191 shares in the last quarter. LGT Group Foundation lifted its holdings in shares of Airbnb by 8.1% in the third quarter. LGT Group Foundation now owns 316,545 shares of the company’s stock worth $43,227,000 after buying an additional 23,716 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Airbnb by 14.4% in the fourth quarter. Cerity Partners LLC now owns 95,572 shares of the company’s stock worth $13,011,000 after buying an additional 12,008 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Insider Activity

In other news, CEO Brian Chesky sold 3,160 shares of Airbnb stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $142.29, for a total value of $449,636.40. Following the completion of the transaction, the chief executive officer now owns 14,930,137 shares of the company’s stock, valued at approximately $2,124,409,193.73. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Brian Chesky sold 3,160 shares of Airbnb stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $142.29, for a total value of $449,636.40. Following the completion of the transaction, the chief executive officer now owns 14,930,137 shares of the company’s stock, valued at approximately $2,124,409,193.73. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $155.83, for a total value of $93,498.00. Following the completion of the transaction, the chief technology officer now directly owns 221,704 shares of the company’s stock, valued at approximately $34,548,134.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 475,414 shares of company stock worth $75,187,257. Corporate insiders own 30.84% of the company’s stock.

Airbnb Trading Down 3.2 %

NASDAQ:ABNB traded down $5.09 during trading hours on Friday, hitting $155.01. The company had a trading volume of 3,903,802 shares, compared to its average volume of 4,615,482. Airbnb, Inc. has a 52 week low of $103.55 and a 52 week high of $170.10. The company has a market capitalization of $100.30 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 2.03 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a 50-day moving average price of $159.40 and a 200 day moving average price of $142.09.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.16 billion. On average, equities research analysts predict that Airbnb, Inc. will post 4.63 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ABNB shares. UBS Group lowered their price target on shares of Airbnb from $148.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Tigress Financial raised their target price on shares of Airbnb from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Wedbush reaffirmed a “neutral” rating and issued a $160.00 target price on shares of Airbnb in a research note on Thursday. Truist Financial raised their target price on shares of Airbnb from $118.00 to $131.00 and gave the company a “hold” rating in a research note on Thursday, March 14th. Finally, Benchmark began coverage on shares of Airbnb in a research note on Thursday, April 11th. They issued a “buy” rating and a $190.00 target price on the stock. Four research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Airbnb has an average rating of “Hold” and a consensus target price of $147.58.

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.