2,314 Shares in Airbnb, Inc. (NASDAQ:ABNB) Acquired by Duality Advisers LP

Duality Advisers LP purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 2,314 shares of the company’s stock, valued at approximately $315,000.

Several other institutional investors also recently modified their holdings of ABNB. Commerzbank Aktiengesellschaft FI acquired a new stake in Airbnb during the 4th quarter valued at $266,000. Handelsbanken Fonder AB boosted its holdings in Airbnb by 28.0% in the fourth quarter. Handelsbanken Fonder AB now owns 108,352 shares of the company’s stock worth $14,751,000 after purchasing an additional 23,699 shares in the last quarter. CWM LLC boosted its holdings in Airbnb by 27.6% in the fourth quarter. CWM LLC now owns 8,457 shares of the company’s stock worth $1,151,000 after purchasing an additional 1,829 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in Airbnb by 31.0% in the fourth quarter. Lindbrook Capital LLC now owns 1,996 shares of the company’s stock worth $272,000 after purchasing an additional 472 shares in the last quarter. Finally, abrdn plc boosted its holdings in Airbnb by 69.7% in the fourth quarter. abrdn plc now owns 173,500 shares of the company’s stock worth $23,620,000 after purchasing an additional 71,239 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 76,912 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $147.79, for a total value of $11,366,824.48. Following the sale, the chief executive officer now directly owns 14,545,529 shares in the company, valued at $2,149,683,730.91. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction 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 directly owns 221,104 shares in the company, valued at $34,766,392.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brian Chesky sold 76,912 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $147.79, for a total transaction of $11,366,824.48. Following the sale, the chief executive officer now owns 14,545,529 shares in the company, valued at $2,149,683,730.91. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 456,274 shares of company stock valued at $72,410,859. 30.84% of the stock is currently owned by insiders.

Airbnb Price Performance

Shares of ABNB stock opened at $164.23 on Friday. Airbnb, Inc. has a 52-week low of $103.55 and a 52-week high of $170.10. The stock has a market cap of $106.27 billion, a PE ratio of 22.68, a PEG ratio of 2.08 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. The firm’s 50 day moving average price is $160.44 and its two-hundred day moving average price is $143.42.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Barclays upped their price objective on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Monday, January 29th. Wedbush restated a “neutral” rating and set a $160.00 price target on shares of Airbnb in a report on Thursday, April 18th. B. Riley Financial initiated coverage on shares of Airbnb in a report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price target for the company. Mizuho upgraded shares of 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. Finally, Benchmark assumed coverage on shares of Airbnb in a report on Thursday, April 11th. They set a “buy” rating and a $190.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average 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.