Syon Capital LLC Invests $602,000 in Airbnb, Inc. (NASDAQ:ABNB)

Syon Capital LLC bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 4,420 shares of the company’s stock, valued at approximately $602,000.

Several other hedge funds have also modified their holdings of the company. Compagnie Lombard Odier SCmA raised its position in Airbnb by 34.7% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 31,612 shares of the company’s stock worth $4,304,000 after buying an additional 8,140 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Airbnb by 4.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock valued at $1,119,000 after purchasing an additional 333 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Airbnb by 27.5% in the 4th quarter. Nordea Investment Management AB now owns 1,268,390 shares of the company’s stock valued at $172,742,000 after purchasing an additional 273,191 shares in the last quarter. LGT Group Foundation lifted its holdings in Airbnb by 8.1% in the 3rd quarter. LGT Group Foundation now owns 316,545 shares of the company’s stock valued at $43,227,000 after purchasing an additional 23,716 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Airbnb by 14.4% during the 4th quarter. Cerity Partners LLC now owns 95,572 shares of the company’s stock worth $13,011,000 after acquiring an additional 12,008 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $157.24, for a total transaction of $94,344.00. Following the sale, the chief technology officer now owns 221,104 shares of the company’s stock, valued at approximately $34,766,392.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CTO Aristotle N. Balogh sold 22,170 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $169.18, for a total value of $3,750,720.60. Following the completion of the sale, the chief technology officer now owns 143,731 shares in the company, valued at approximately $24,316,410.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $157.24, for a total transaction of $94,344.00. Following the completion of the sale, the chief technology officer now owns 221,104 shares in the company, valued at $34,766,392.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 456,274 shares of company stock valued at $72,410,859. Company insiders own 30.84% of the company’s stock.

Airbnb Trading Up 0.7 %

ABNB stock traded up $1.22 during trading on Friday, reaching $164.23. The company had a trading volume of 2,818,559 shares, compared to its average volume of 4,522,709. The company has a market cap of $106.27 billion, a P/E ratio of 22.52, a PEG ratio of 2.08 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66. Airbnb, Inc. has a 52 week low of $103.55 and a 52 week high of $170.10. The business has a 50 day moving average of $160.20 and a 200 day moving average of $143.17.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.09. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. As a group, sell-side analysts forecast that Airbnb, Inc. will post 4.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wedbush reiterated a “neutral” rating and set a $160.00 price target on shares of Airbnb in a report on Thursday, April 18th. Benchmark began coverage on Airbnb in a research report on Thursday, April 11th. They set a “buy” rating and a $190.00 price objective for the company. Mizuho raised Airbnb from a “neutral” rating to a “buy” rating and upped their price target for the company from $150.00 to $200.00 in a report on Wednesday. BMO Capital Markets upped their price target on Airbnb from $134.00 to $135.00 and gave the company a “market perform” rating in a report on Wednesday, February 14th. Finally, Wells Fargo & Company increased their price objective on Airbnb from $107.00 to $127.00 and gave the company an “underweight” rating in a report on Monday, April 1st. Four investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $149.19.

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.