1,366 Shares in Airbnb, Inc. (NASDAQ:ABNB) Bought by R Squared Ltd

R Squared Ltd bought a new stake in Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,366 shares of the company’s stock, valued at approximately $180,000.

A number of other large investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new position in shares of Airbnb in the 3rd quarter worth approximately $25,000. Hollencrest Capital Management boosted its stake in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Berbice Capital Management LLC purchased a new position in Airbnb in the fourth quarter worth $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Airbnb during the third quarter worth $30,000. Finally, Quarry LP purchased a new stake in shares of Airbnb during the 3rd quarter valued at $55,000. 80.76% of the stock is currently owned by institutional investors.

Airbnb Stock Up 1.2 %

Airbnb stock opened at $132.58 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market capitalization of $84.05 billion, a PE ratio of 46.52, a price-to-earnings-growth ratio of 1.80 and a beta of 1.13. The business has a 50 day simple moving average of $133.84 and a 200-day simple moving average of $130.88. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the previous year, the firm posted $2.39 EPS. On average, analysts anticipate that Airbnb, Inc. will post 3.98 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $135.47, for a total value of $94,829.00. Following the completion of the transaction, the chief technology officer now directly owns 183,314 shares of the company’s stock, valued at approximately $24,833,547.58. This represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO David C. Bernstein sold 1,000 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $137.00, for a total value of $137,000.00. Following the completion of the transaction, the chief accounting officer now owns 40,581 shares in the company, valued at $5,559,597. The trade was a 2.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,157,308 shares of company stock worth $153,981,848 in the last 90 days. Insiders own 27.83% of the company’s stock.

Analyst Ratings Changes

ABNB has been the topic of several research analyst reports. Susquehanna boosted their target price on Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research note on Monday, November 11th. Bank of America upped their price objective on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Morgan Stanley lifted their target price on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. Jefferies Financial Group upped their price target on shares of Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, Phillip Securities reiterated a “reduce” rating and set a $120.00 price objective on shares of Airbnb in a research note on Tuesday, November 12th. Six investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Airbnb currently has a consensus rating of “Hold” and a consensus target price of $139.63.

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.