TFJ Management LLC Invests $6.81 Million in Airbnb, Inc. (NASDAQ:ABNB)

TFJ Management LLC acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, Holdings Channel.com reports. The fund acquired 51,840 shares of the company’s stock, valued at approximately $6,812,000. Airbnb accounts for approximately 6.1% of TFJ Management LLC’s investment portfolio, making the stock its 5th biggest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Trajan Wealth LLC increased its holdings in Airbnb by 4.1% during the 4th quarter. Trajan Wealth LLC now owns 85,924 shares of the company’s stock worth $11,291,000 after purchasing an additional 3,402 shares in the last quarter. MML Investors Services LLC raised its stake in Airbnb by 14.1% in the fourth quarter. MML Investors Services LLC now owns 75,412 shares of the company’s stock valued at $9,910,000 after buying an additional 9,312 shares during the period. Norinchukin Bank The lifted its holdings in Airbnb by 9.4% during the 4th quarter. Norinchukin Bank The now owns 24,733 shares of the company’s stock valued at $3,250,000 after purchasing an additional 2,131 shares during the last quarter. Ossiam lifted its position in Airbnb by 232.6% during the fourth quarter. Ossiam now owns 42,477 shares of the company’s stock worth $5,582,000 after acquiring an additional 29,706 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in Airbnb in the 4th quarter valued at $2,450,000. Institutional investors own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $108.76, for a total transaction of $23,305,636.60. Following the sale, the director now owns 2,294,870 shares in the company, valued at approximately $249,590,061.20. This represents a 8.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nathan Blecharczyk sold 183,078 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the sale, the insider now directly owns 164,850 shares in the company, valued at $26,046,300. This represents a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,037,307 shares of company stock valued at $280,842,374. Corporate insiders own 27.83% of the company’s stock.

Airbnb Trading Up 0.1 %

Shares of Airbnb stock opened at $112.70 on Friday. 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 stock’s 50 day simple moving average is $129.19 and its 200-day simple moving average is $132.35. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $166.74. The stock has a market cap of $71.06 billion, a P/E ratio of 27.29, a P/E/G ratio of 3.52 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of analyst reports. Benchmark increased their target price on shares of Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Truist Financial dropped their target price on shares of Airbnb from $123.00 to $112.00 and set a “hold” rating for the company in a report on Friday, March 21st. Hsbc Global Res raised Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Canaccord Genuity Group upped their price target on Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Gordon Haskett upgraded shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective for the company in a research report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $146.94.

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.