9,101 Shares in Airbnb, Inc. (NASDAQ:ABNB) Bought by Teza Capital Management LLC

Teza Capital Management LLC bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,101 shares of the company’s stock, valued at approximately $1,196,000.

A number of other institutional investors also recently bought and sold shares of ABNB. Golden State Wealth Management LLC purchased a new stake in Airbnb during the fourth quarter worth $25,000. Berbice Capital Management LLC purchased a new stake in Airbnb during the fourth quarter worth $26,000. Graney & King LLC purchased a new stake in Airbnb during the fourth quarter worth $32,000. Whipplewood Advisors LLC purchased a new stake in Airbnb during the fourth quarter worth $44,000. Finally, Cromwell Holdings LLC lifted its position in shares of Airbnb by 82.5% in the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after acquiring an additional 170 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 1,866,300 shares in the company, valued at approximately $229,256,292. This trade represents a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nathan Blecharczyk sold 2,712 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $156.32, for a total value of $423,939.84. Following the completion of the sale, the insider now owns 159,337 shares of the company’s stock, valued at approximately $24,907,559.84. This trade represents a 1.67% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,533,331 shares of company stock worth $195,015,055. 27.91% of the stock is currently owned by corporate insiders.

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $138.00 on Monday. The firm has a market capitalization of $86.44 billion, a PE ratio of 33.41, a P/E/G ratio of 3.52 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The business has a 50-day moving average of $121.83 and a two-hundred day moving average of $131.20. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the business posted $0.41 EPS. Airbnb’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, research analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ABNB. Phillip Securities downgraded Airbnb from a “hold” rating to a “moderate sell” rating in a research report on Friday, May 9th. Susquehanna reduced their price objective on Airbnb from $200.00 to $150.00 and set a “positive” rating on the stock in a research report on Monday, May 5th. Piper Sandler reduced their price objective on Airbnb from $145.00 to $132.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Canaccord Genuity Group reduced their price objective on Airbnb from $190.00 to $180.00 and set a “buy” rating on the stock in a research report on Monday, April 28th. Finally, DA Davidson upgraded Airbnb from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $170.00 to $155.00 in a research report on Wednesday, April 30th. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $141.43.

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.