J. Goldman & Co LP Invests $3.01 Million in Airbnb, Inc. (NASDAQ:ABNB)

J. Goldman & Co LP acquired a new position in Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 22,891 shares of the company’s stock, valued at approximately $3,008,000.

Other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in shares of Airbnb in the 4th quarter worth approximately $25,000. Berbice Capital Management LLC acquired a new position in shares of Airbnb in the 4th quarter worth approximately $26,000. Graney & King LLC acquired a new stake in Airbnb during the 4th quarter worth approximately $32,000. Whipplewood Advisors LLC acquired a new stake in Airbnb during the 4th quarter worth approximately $44,000. Finally, Cromwell Holdings LLC lifted its holdings in Airbnb by 82.5% during the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after buying an additional 170 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Stock Up 0.5%

ABNB stock opened at $127.06 on Monday. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. The stock has a market capitalization of $80.12 billion, a PE ratio of 30.77, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. 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 company has a fifty day moving average of $121.52 and a 200-day moving average of $131.17.

Airbnb (NASDAQ:ABNB) last released its 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). Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The firm 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. The firm’s revenue was up 7.4% on a year-over-year basis. As a group, analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Transactions at Airbnb

In related news, CEO Brian Chesky sold 190,301 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $140.51, for a total value of $26,739,193.51. Following the completion of the sale, the chief executive officer now owns 12,231,685 shares in the company, valued at $1,718,674,059.35. This trade represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $122.84, for a total transaction of $26,322,769.40. Following the completion of the sale, the director now owns 1,866,300 shares of the company’s stock, valued at $229,256,292. This trade represents a 10.30% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,173,970 shares of company stock worth $293,686,892. Company insiders own 27.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ABNB shares. Gordon Haskett upgraded shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 target price on the stock in a report on Friday, February 14th. Susquehanna reduced their target price on shares of Airbnb from $200.00 to $150.00 and set a “positive” rating on the stock in a report on Monday, May 5th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a report on Friday, May 2nd. Benchmark reduced their target price on shares of Airbnb from $178.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Finally, Wedbush lowered shares of Airbnb from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $150.00 to $135.00 in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average price target of $141.43.

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.