5,880 Shares in Airbnb, Inc. (NASDAQ:ABNB) Bought by Bourgeon Capital Management LLC

Bourgeon Capital Management LLC purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,880 shares of the company’s stock, valued at approximately $773,000.

A number of other hedge funds also recently made changes to their positions in the stock. Edgewood Management LLC lifted its position in shares of Airbnb by 9.2% during the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after acquiring an additional 1,143,464 shares during the period. Geode Capital Management LLC boosted its position in shares of Airbnb by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock worth $1,189,635,000 after purchasing an additional 146,761 shares in the last quarter. Pacer Advisors Inc. raised its stake in Airbnb by 6,085.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after buying an additional 4,172,985 shares during the period. Legal & General Group Plc boosted its holdings in Airbnb by 4.7% in the second quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock worth $519,044,000 after acquiring an additional 153,784 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Airbnb by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock valued at $343,185,000 after acquiring an additional 52,358 shares during the period. 80.76% of the stock is currently owned by institutional investors.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $135.33, for a total transaction of $81,198.00. Following the sale, the chief technology officer now directly owns 192,244 shares of the company’s stock, valued at $26,016,380.52. This trade represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $128.95, for a total transaction of $27,632,050.75. Following the completion of the sale, the director now owns 1,071,430 shares of the company’s stock, valued at $138,160,898.50. This represents a 16.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,130,382 shares of company stock valued at $150,441,919 in the last ninety days. 27.83% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ABNB has been the topic of several research reports. Morgan Stanley upped their price objective on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Benchmark reaffirmed a “buy” rating and issued a $155.00 price target on shares of Airbnb in a research report on Friday, November 8th. Evercore ISI lifted their price target on Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. Citigroup increased their price objective on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Phillip Securities reaffirmed a “reduce” rating and set a $120.00 target price on shares of Airbnb in a research report on Tuesday, November 12th. Six investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $139.63.

Airbnb Price Performance

ABNB stock opened at $133.07 on Wednesday. The stock has a market capitalization of $84.36 billion, a price-to-earnings ratio of 46.69, a PEG ratio of 1.83 and a beta of 1.13. The firm’s 50-day moving average price is $134.11 and its two-hundred day moving average price is $131.55. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. 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 data on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period in the previous year, the firm posted $2.39 earnings per share. As a group, equities analysts predict that Airbnb, Inc. will post 3.98 earnings per share 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.