Goldstone Financial Group LLC Acquires New Position in Airbnb, Inc. (NASDAQ:ABNB)

Goldstone Financial Group LLC bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, HoldingsChannel.com reports. The fund bought 1,744 shares of the company’s stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ABNB. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Airbnb in the 3rd quarter valued at $34,982,000. Tri Ri Asset Management Corp purchased a new stake in Airbnb during the 3rd quarter valued at about $6,352,000. J.W. Cole Advisors Inc. increased its holdings in shares of Airbnb by 86.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock valued at $583,000 after purchasing an additional 2,132 shares during the period. Shellback Capital LP purchased a new position in shares of Airbnb in the second quarter worth about $22,744,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Airbnb by 40.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock worth $90,123,000 after purchasing an additional 197,558 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ABNB shares. JMP Securities reissued a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. JPMorgan Chase & Co. increased their price objective on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Cantor Fitzgerald reaffirmed an “underweight” rating and issued a $94.00 price target on shares of Airbnb in a report on Monday, October 7th. TD Cowen lifted their price objective on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, DA Davidson upped their target price on Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research note on Monday, November 18th. Six equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Airbnb presently has an average rating of “Hold” and an average target price of $139.63.

Insiders Place Their Bets

In other Airbnb news, Director Joseph Gebbia sold 11,635 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the completion of the sale, the director now owns 16,472 shares of the company’s stock, valued at $2,259,958.40. This trade represents a 41.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 9,603 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the transaction, the insider now directly owns 164,850 shares in the company, valued at approximately $21,466,767. This trade represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,130,982 shares of company stock valued at $150,523,585. Insiders own 27.83% of the company’s stock.

Airbnb Trading Up 2.2 %

Shares of ABNB opened at $135.12 on Friday. The firm’s fifty day moving average is $134.15 and its two-hundred day moving average is $132.22. The stock has a market cap of $85.66 billion, a PE ratio of 47.41, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter in the previous year, the company posted $2.39 EPS. Research analysts forecast that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Airbnb 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.