GAMMA Investing LLC Acquires Shares of 1,246 Airbnb, Inc. (NASDAQ:ABNB)

GAMMA Investing LLC purchased a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,246 shares of the company’s stock, valued at approximately $180,000.

Several other large investors also recently modified their holdings of the stock. CVA Family Office LLC bought a new position in Airbnb in the 4th quarter worth approximately $26,000. Orion Capital Management LLC purchased a new stake in shares of Airbnb during the 3rd quarter valued at $27,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Airbnb during the 4th quarter valued at $30,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of Airbnb during the 3rd quarter valued at $39,000. Finally, Financial Management Professionals Inc. raised its position in shares of Airbnb by 518.4% during the 4th quarter. Financial Management Professionals Inc. now owns 303 shares of the company’s stock valued at $41,000 after buying an additional 254 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Activity

In other news, insider Nathan Blecharczyk sold 60,000 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $146.58, for a total value of $8,794,800.00. Following the completion of the sale, the insider now owns 473,762 shares in the company, valued at approximately $69,444,033.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Airbnb news, CEO Brian Chesky sold 76,912 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were 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 of the company’s stock, valued at approximately $2,149,683,730.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Nathan Blecharczyk sold 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $146.58, for a total transaction of $8,794,800.00. Following the sale, the insider now directly owns 473,762 shares in the company, valued at approximately $69,444,033.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 456,274 shares of company stock worth $72,410,859. 30.84% of the stock is currently owned by corporate insiders.

Airbnb Price Performance

ABNB stock opened at $164.23 on Friday. Airbnb, Inc. has a 12 month low of $103.55 and a 12 month high of $170.10. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $160.44 and a 200 day moving average price of $143.42. The stock has a market cap of $106.27 billion, a PE ratio of 22.68, a P/E/G ratio of 2.08 and a beta of 1.25.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share 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 company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. Equities research analysts anticipate that Airbnb, Inc. will post 4.65 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on ABNB. Piper Sandler lifted their target price on shares of Airbnb from $136.00 to $145.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Wells Fargo & Company upped their price objective on shares of Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a report on Monday, April 1st. 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 on the stock. UBS Group cut their price target on shares of Airbnb from $148.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Finally, Truist Financial increased their price objective on shares of Airbnb from $118.00 to $131.00 and gave the company a “hold” rating in a research report on Thursday, March 14th. Four investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $149.19.

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.