Manchester Capital Management LLC Buys 81 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Manchester Capital Management LLC increased its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 18.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 527 shares of the company’s stock after purchasing an additional 81 shares during the period. Manchester Capital Management LLC’s holdings in Airbnb were worth $69,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new position in Airbnb in the 3rd quarter worth approximately $25,000. Golden State Wealth Management LLC purchased a new position in Airbnb in the 4th quarter worth approximately $25,000. Hollencrest Capital Management lifted its holdings in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Berbice Capital Management LLC purchased a new position in Airbnb in the 4th quarter worth approximately $26,000. Finally, Ashton Thomas Securities LLC purchased a new position in Airbnb in the 3rd quarter worth approximately $30,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Airbnb

In related news, CEO Brian Chesky sold 190,301 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $140.51, for a total transaction of $26,739,193.51. Following the sale, the chief executive officer now owns 12,231,685 shares of the company’s stock, valued at $1,718,674,059.35. This trade represents a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nathan Blecharczyk sold 9,603 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 164,850 shares in the company, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,608,005 shares of company stock valued at $214,394,023. 27.83% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on ABNB shares. Robert W. Baird raised Airbnb from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $140.00 to $175.00 in a report on Friday. Evercore ISI upped their price objective on Airbnb to $155.00 and gave the stock a “hold” rating in a report on Wednesday, January 15th. JPMorgan Chase & Co. upped their price objective on Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Baird R W raised Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday. Finally, Canaccord Genuity Group upped their price objective on Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a report on Friday. Five equities research analysts have rated the stock with a sell rating, twenty have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Airbnb has an average rating of “Hold” and an average target price of $145.79.

Airbnb Price Performance

ABNB opened at $161.42 on Friday. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The business’s fifty day simple moving average is $133.49 and its 200-day simple moving average is $130.11. The company has a market capitalization of $102.34 billion, a price-to-earnings ratio of 56.64, a PEG ratio of 1.88 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. On average, equities research analysts anticipate that Airbnb, Inc. will post 3.97 earnings per share for the current fiscal year.

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.