Breed s Hill Capital LLC Grows Position in Airbnb, Inc. (NASDAQ:ABNB)

Breed s Hill Capital LLC lifted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,354 shares of the company’s stock after buying an additional 513 shares during the period. Airbnb makes up 0.6% of Breed s Hill Capital LLC’s portfolio, making the stock its 29th biggest position. Breed s Hill Capital LLC’s holdings in Airbnb were worth $1,098,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in Airbnb in the fourth quarter valued at about $25,000. Berbice Capital Management LLC bought a new position in Airbnb in the fourth quarter valued at about $26,000. Orion Capital Management LLC bought a new position in shares of Airbnb in the fourth quarter worth about $28,000. Graney & King LLC bought a new position in shares of Airbnb in the fourth quarter worth about $32,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Airbnb in the fourth quarter worth about $44,000. Institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

Shares of ABNB stock opened at $122.86 on Monday. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market capitalization of $77.47 billion, a P/E ratio of 29.75, a P/E/G ratio of 3.52 and a beta of 1.10. The stock has a 50 day moving average price of $136.23 and a 200 day moving average price of $133.07.

Airbnb (NASDAQ:ABNB) last issued 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 32.29% and a net margin of 23.85%. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on ABNB shares. Jefferies Financial Group raised Airbnb from a “hold” rating to a “buy” rating and raised their price objective for the stock from $165.00 to $185.00 in a research note on Monday, March 10th. The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $110.00 to $153.00 in a research note on Friday, February 14th. Hsbc Global Res raised Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research note on Friday, February 14th. Finally, Wells Fargo & Company decreased their price objective on Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and an average price target of $148.15.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $131.87, for a total transaction of $2,637,400.00. Following the completion of the sale, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at approximately $24,450,544.18. This trade represents a 9.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nathan Blecharczyk sold 183,078 shares of Airbnb stock in a transaction on Friday, February 14th. The shares were sold at an average price of $158.00, for a total value of $28,926,324.00. Following the sale, the insider now directly owns 164,850 shares of the company’s stock, valued at approximately $26,046,300. This trade represents a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,269,494 shares of company stock valued at $318,203,453. Insiders own 27.83% of the company’s stock.

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.