Breed s Hill Capital LLC Purchases Shares of 7,841 Airbnb, Inc. (NASDAQ:ABNB)

Breed s Hill Capital LLC purchased a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,841 shares of the company’s stock, valued at approximately $1,067,000. Airbnb accounts for approximately 1.0% of Breed s Hill Capital LLC’s investment portfolio, making the stock its 22nd largest holding.

Several other large investors also recently modified their holdings of ABNB. CVA Family Office LLC acquired a new position in shares of Airbnb in the 4th quarter worth approximately $26,000. Orion Capital Management LLC bought a new position in shares of Airbnb in the third quarter valued at about $27,000. Bfsg LLC bought a new stake in Airbnb during the 4th quarter worth about $27,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Airbnb during the fourth quarter worth approximately $30,000. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of Airbnb during the third quarter valued at approximately $39,000. 80.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 78,682 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the completion of the sale, the chief technology officer now directly owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Airbnb news, CFO Dave Stephenson sold 7,838 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $145.98, for a total value of $1,144,191.24. Following the completion of the sale, the chief financial officer now owns 85,802 shares in the company, valued at approximately $12,525,375.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Aristotle N. Balogh sold 78,682 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $169.30, for a total value of $13,320,862.60. Following the sale, the chief technology officer now owns 144,331 shares of the company’s stock, valued at approximately $24,435,238.30. The disclosure for this sale can be found here. Insiders have sold 397,474 shares of company stock valued at $63,809,871 over the last quarter. Corporate insiders own 27.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ABNB shares. BMO Capital Markets raised their target price on shares of Airbnb from $135.00 to $151.00 and gave the company a “market perform” rating in a research note on Thursday. Benchmark started coverage on Airbnb in a research note on Thursday, April 11th. They issued a “buy” rating and a $190.00 price target for the company. Mizuho upgraded shares of Airbnb from a “neutral” rating to a “buy” rating and upped their price objective for the company from $150.00 to $200.00 in a research report on Wednesday, April 24th. JPMorgan Chase & Co. increased their price target on Airbnb from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, TD Cowen cut their price objective on Airbnb from $180.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $151.91.

Airbnb Stock Performance

ABNB traded down $10.85 during trading hours on Thursday, hitting $147.05. The stock had a trading volume of 14,791,206 shares, compared to its average volume of 4,584,189. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 1 year low of $103.55 and a 1 year high of $170.10. The stock has a market cap of $95.15 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24. The company’s fifty day simple moving average is $161.68 and its 200 day simple moving average is $145.50.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.18. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.06 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. Airbnb’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 earnings per share. Equities analysts anticipate that Airbnb, Inc. will post 4.47 earnings per share for the current year.

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.