Metis Global Partners LLC Has $2.86 Million Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Metis Global Partners LLC grew its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 11.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,767 shares of the company’s stock after buying an additional 2,183 shares during the quarter. Metis Global Partners LLC’s holdings in Airbnb were worth $2,860,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in shares of Airbnb in the 4th quarter valued at $25,000. Berbice Capital Management LLC acquired a new position in shares of Airbnb in the 4th quarter valued at $26,000. Hollencrest Capital Management raised its stake in shares of Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after buying an additional 200 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Airbnb in the 3rd quarter valued at $30,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Airbnb in the 4th quarter valued at $44,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Down 0.4 %

Shares of NASDAQ ABNB opened at $138.87 on Friday. The firm’s 50-day moving average is $136.52 and its 200-day moving average is $131.91. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The firm has a market capitalization of $87.56 billion, a PE ratio of 33.62, a price-to-earnings-growth ratio of 3.52 and a beta of 1.12. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Equities analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ABNB. Baird R W upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Evercore ISI increased their target price on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, January 15th. Truist Financial dropped their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research report on Friday, February 14th. Finally, Benchmark increased their target price on shares of Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $146.48.

Insider Buying and Selling

In related news, insider Nathan Blecharczyk sold 183,078 shares of Airbnb stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the transaction, the insider now owns 164,850 shares of the company’s stock, valued at $26,046,300. This trade represents a 52.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the transaction, the chief accounting officer now directly 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 have sold 2,117,468 shares of company stock valued at $299,565,586 in the last 90 days. 27.83% of the stock is owned by insiders.

Airbnb Company 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.