Berbice Capital Management LLC Makes New $26,000 Investment in Airbnb, Inc. (NASDAQ:ABNB)

Berbice Capital Management LLC bought a new stake in Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 200 shares of the company’s stock, valued at approximately $26,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its position in Airbnb by 11.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 19,729 shares of the company’s stock worth $2,992,000 after buying an additional 1,969 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Airbnb by 90.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,643 shares of the company’s stock valued at $229,000 after purchasing an additional 780 shares during the period. Public Sector Pension Investment Board lifted its position in Airbnb by 81.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 16,919 shares of the company’s stock valued at $2,565,000 after purchasing an additional 7,609 shares during the period. Evergreen Capital Management LLC lifted its position in Airbnb by 12.7% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,027 shares of the company’s stock valued at $459,000 after purchasing an additional 341 shares during the period. Finally, AXA S.A. lifted its position in Airbnb by 33.0% during the 2nd quarter. AXA S.A. now owns 93,467 shares of the company’s stock valued at $14,172,000 after purchasing an additional 23,179 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Trading Down 2.0 %

NASDAQ ABNB opened at $130.62 on Friday. The firm has a market capitalization of $82.81 billion, a P/E ratio of 45.71, a PEG ratio of 1.80 and a beta of 1.13. The business has a fifty day simple moving average of $134.08 and a 200 day simple moving average of $131.56. 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.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 16.96% and a return on equity of 32.88%. During the same period in the previous year, the company posted $2.39 earnings per share. On average, analysts predict that Airbnb, Inc. will post 3.98 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on ABNB shares. UBS Group upped their price target on Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Benchmark reaffirmed a “buy” rating and set a $155.00 price target on shares of Airbnb in a research note on Friday, November 8th. DA Davidson raised their price target on Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a report on Monday, November 18th. TD Cowen increased their price objective on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Evercore ISI raised their price target on Airbnb to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, January 15th. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $139.63.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $135.47, for a total value of $94,829.00. Following the sale, the chief technology officer now owns 183,314 shares of the company’s stock, valued at $24,833,547.58. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO David C. Bernstein sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $137.00, for a total value of $137,000.00. Following the transaction, the chief accounting officer now directly owns 40,581 shares in the company, valued at approximately $5,559,597. This represents a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,169,543 shares of company stock worth $155,659,368 in the last quarter. 27.83% of the stock is currently owned by company insiders.

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.