Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd increased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 96.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,328 shares of the company’s stock after purchasing an additional 3,596 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Airbnb were worth $993,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CVA Family Office LLC acquired a new position in Airbnb during the fourth quarter worth $26,000. Orion Capital Management LLC acquired a new position in Airbnb during the third quarter worth $27,000. McGlone Suttner Wealth Management Inc. acquired a new position in Airbnb during the fourth quarter worth $30,000. Farmers & Merchants Investments Inc. acquired a new position in Airbnb during the third quarter worth $39,000. Finally, Financial Management Professionals Inc. raised its holdings in Airbnb by 518.4% during the fourth quarter. Financial Management Professionals Inc. now owns 303 shares of the company’s stock worth $41,000 after purchasing an additional 254 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ABNB shares. Piper Sandler raised their price target on Airbnb from $136.00 to $145.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Bank of America raised their price target on Airbnb from $155.00 to $168.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. Tigress Financial raised their price target on Airbnb from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Susquehanna raised their price target on Airbnb from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Wednesday, February 14th. Finally, Truist Financial raised their price target on Airbnb from $118.00 to $131.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. Four equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $147.58.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 600 shares of the business’s 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 sale, the chief technology officer now directly owns 221,704 shares of the company’s stock, valued at $34,548,134.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Jeffrey D. Jordan sold 8,000 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $150.00, for a total value of $1,200,000.00. Following the completion of the sale, the director now directly owns 151,646 shares of the company’s stock, valued at $22,746,900. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $155.83, for a total value of $93,498.00. Following the completion of the sale, the chief technology officer now directly owns 221,704 shares of the company’s stock, valued at $34,548,134.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 463,674 shares of company stock worth $73,516,515. 30.84% of the stock is currently owned by corporate insiders.

Airbnb Stock Up 2.8 %

Shares of NASDAQ:ABNB traded up $4.34 during trading on Tuesday, hitting $160.95. The company’s stock had a trading volume of 3,434,315 shares, compared to its average volume of 4,580,027. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. Airbnb, Inc. has a fifty-two week low of $103.55 and a fifty-two week high of $170.10. The stock’s 50-day moving average price is $159.80 and its two-hundred day moving average price is $142.89. The company has a market capitalization of $104.15 billion, a PE ratio of 22.23, a PEG ratio of 1.99 and a beta of 1.25.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.16 billion. As a group, sell-side analysts expect that Airbnb, Inc. will post 4.63 EPS for the current year.

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.