11,455 Shares in Airbnb, Inc. (NASDAQ:ABNB) Purchased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. purchased a new position in Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 11,455 shares of the company’s stock, valued at approximately $1,505,000.

Other large investors have also added to or reduced their stakes in the company. Polar Asset Management Partners Inc. purchased a new position in shares of Airbnb in the 4th quarter worth about $10,027,000. ProShare Advisors LLC increased its stake in Airbnb by 17.1% during the 4th quarter. ProShare Advisors LLC now owns 556,917 shares of the company’s stock valued at $73,184,000 after purchasing an additional 81,378 shares in the last quarter. Quadcap Wealth Management LLC purchased a new position in Airbnb in the fourth quarter worth about $423,000. Quantinno Capital Management LP lifted its stake in shares of Airbnb by 257.2% in the fourth quarter. Quantinno Capital Management LP now owns 129,453 shares of the company’s stock worth $17,012,000 after buying an additional 93,213 shares in the last quarter. Finally, Mufg Securities Americas Inc. bought a new position in shares of Airbnb in the fourth quarter worth approximately $840,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $122.84, for a total value of $26,322,769.40. Following the sale, the director now owns 1,866,300 shares of the company’s stock, valued at $229,256,292. The trade was a 10.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $123.43, for a total value of $771,437.50. Following the sale, the chief financial officer now directly owns 485,080 shares in the company, valued at $59,873,424.40. This trade represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,983,669 shares of company stock worth $266,947,699. Corporate insiders own 27.83% of the company’s stock.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $137.45 on Thursday. The firm has a market cap of $86.67 billion, a price-to-earnings ratio of 33.28, a P/E/G ratio of 3.52 and a beta of 1.14. The firm has a fifty day moving average price of $121.48 and a 200 day moving average price of $131.26. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 EPS. As a group, sell-side analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ABNB shares. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research report on Wednesday. Piper Sandler lowered their price objective on shares of Airbnb from $145.00 to $132.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. JPMorgan Chase & Co. dropped their target price on shares of Airbnb from $160.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Tigress Financial raised their price target on Airbnb from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, March 14th. Finally, Robert W. Baird reduced their price objective on Airbnb from $175.00 to $160.00 and set an “outperform” rating for the company in a research report on Tuesday, March 25th. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Airbnb has an average rating of “Hold” and a consensus target price of $141.43.

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.