Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Chemistry Wealth Management LLC

Chemistry Wealth Management LLC grew its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 43.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,807 shares of the company’s stock after purchasing an additional 1,147 shares during the period. Chemistry Wealth Management LLC’s holdings in Airbnb were worth $500,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ABNB. Northwest Investment Counselors LLC acquired a new stake in shares of Airbnb during the 3rd quarter worth about $25,000. Hollencrest Capital Management boosted its stake in shares of Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Airbnb during the 3rd quarter worth about $30,000. Quarry LP acquired a new stake in shares of Airbnb during the 3rd quarter worth about $55,000. Finally, CVA Family Office LLC boosted its stake in shares of 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 purchasing an additional 269 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ABNB shares. Wells Fargo & Company decreased their price target on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research note on Thursday. Barclays raised their price target on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Morgan Stanley raised their target price on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. Benchmark reissued a “buy” rating and issued a $155.00 target price on shares of Airbnb in a research report on Friday, November 8th. Finally, Susquehanna raised their target price on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research report on Monday, November 11th. Six investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $139.63.

Airbnb Trading Up 2.2 %

ABNB opened at $135.12 on Friday. The firm has a market capitalization of $85.66 billion, a P/E ratio of 47.41, a P/E/G ratio of 1.63 and a beta of 1.13. The firm’s 50 day moving average is $134.15 and its 200-day moving average is $132.22. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. 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 (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter in the prior year, the business earned $2.39 EPS. Analysts expect that Airbnb, Inc. will post 3.99 EPS for the current fiscal year.

Insider Activity

In other news, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the completion of the sale, the director now owns 10,321 shares of the company’s stock, valued at approximately $1,352,876.68. This trade represents a 95.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nathan Blecharczyk sold 9,603 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the sale, the insider now directly owns 164,850 shares of the company’s stock, valued at $21,466,767. The trade was a 5.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,130,982 shares of company stock worth $150,523,585 over the last 90 days. Company insiders own 27.83% of the company’s stock.

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.