Shorepath Capital Management LLC Grows Stake in Airbnb, Inc. (NASDAQ:ABNB)

Shorepath Capital Management LLC grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 6.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,022 shares of the company’s stock after buying an additional 2,315 shares during the quarter. Airbnb accounts for 3.6% of Shorepath Capital Management LLC’s holdings, making the stock its 14th largest holding. Shorepath Capital Management LLC’s holdings in Airbnb were worth $4,996,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ABNB. Northwest Investment Counselors LLC purchased a new stake in shares of Airbnb during the third quarter valued at about $25,000. Hollencrest Capital Management increased its position in shares of Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Airbnb during the 3rd quarter valued at $30,000. Quarry LP acquired a new stake in shares of Airbnb in the 3rd quarter worth $55,000. Finally, CVA Family Office LLC grew its stake in Airbnb by 131.2% during the 3rd quarter. CVA Family Office LLC now owns 474 shares of the company’s stock worth $60,000 after buying an additional 269 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total value of $28,088,477.80. Following the sale, the director now owns 10,321 shares in the company, valued at approximately $1,352,876.68. The trade was a 95.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $135.35, for a total transaction of $94,745.00. Following the completion of the sale, the chief technology officer now owns 184,714 shares of the company’s stock, valued at $25,001,039.90. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 915,997 shares of company stock valued at $122,800,660. 27.83% of the stock is owned by insiders.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $128.85 on Tuesday. The firm’s 50-day simple moving average is $134.82 and its 200 day simple moving average is $132.39. The stock has a market cap of $81.69 billion, a P/E ratio of 45.21, a P/E/G ratio of 1.93 and a beta of 1.13. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period in the prior year, the company earned $2.39 earnings per share. Equities analysts expect that Airbnb, Inc. will post 3.99 EPS for the current year.

Analysts Set New Price Targets

ABNB has been the topic of several recent analyst reports. DA Davidson upped their price objective on shares of Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a report on Monday, November 18th. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research note on Monday, December 16th. Wells Fargo & Company upped their target price on Airbnb from $100.00 to $102.00 and gave the company an “underweight” rating in a research report on Tuesday, October 8th. Benchmark restated a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a research note on Friday, November 8th. Finally, Raymond James began coverage on Airbnb in a research report on Friday, September 27th. They issued a “market perform” rating and a $134.00 price objective on the stock. Six investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $139.32.

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.