Boston Family Office LLC Takes $281,000 Position in Airbnb, Inc. (NASDAQ:ABNB)

Boston Family Office LLC acquired a new position in Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,135 shares of the company’s stock, valued at approximately $281,000.

Other hedge funds have also recently added to or reduced their stakes in the company. CreativeOne Wealth LLC acquired a new position in shares of Airbnb during the third quarter worth approximately $326,000. Public Sector Pension Investment Board increased its position in Airbnb by 11.8% during the third quarter. Public Sector Pension Investment Board now owns 18,919 shares of the company’s stock worth $2,399,000 after acquiring an additional 2,000 shares during the period. Edgestream Partners L.P. acquired a new position in Airbnb during the 3rd quarter valued at $899,000. Bamco Inc. NY bought a new stake in Airbnb in the 3rd quarter valued at $16,993,000. Finally, Benjamin Edwards Inc. acquired a new stake in Airbnb in the 3rd quarter worth $711,000. Institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

ABNB opened at $121.18 on Wednesday. The company has a fifty day moving average price of $134.74 and a two-hundred day moving average price of $133.87. 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 $76.41 billion, a PE ratio of 29.34, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $166.74.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 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, analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 20,000 shares of the firm’s stock in a transaction 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 sale, the chief technology officer now 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 filing with the SEC, which can be accessed through this link. Also, Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $129.38, for a total value of $27,724,193.30. Following the completion of the transaction, the director now directly owns 2,509,155 shares of the company’s stock, valued at approximately $324,634,473.90. The trade was a 7.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,270,894 shares of company stock valued at $317,578,168 in the last ninety days. 27.83% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $110.00 to $153.00 in a research report on Friday, February 14th. Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Wedbush reiterated an “outperform” rating and set a $155.00 price target on shares of Airbnb in a research note on Tuesday, February 4th. Wells Fargo & Company dropped their price objective on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Finally, Robert W. Baird decreased their target price on shares of Airbnb from $175.00 to $160.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 25th. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $147.36.

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.