Landscape Capital Management L.L.C. Invests $1 Million in Airbnb, Inc. (NASDAQ:ABNB)

Landscape Capital Management L.L.C. acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, HoldingsChannel reports. The firm acquired 7,627 shares of the company’s stock, valued at approximately $1,002,000.

Other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb in the 4th quarter valued at about $25,000. Berbice Capital Management LLC bought a new position in shares of Airbnb during the fourth quarter worth about $26,000. Graney & King LLC acquired a new stake in Airbnb in the 4th quarter valued at approximately $32,000. Whipplewood Advisors LLC bought a new stake in Airbnb in the 4th quarter valued at approximately $44,000. Finally, Cromwell Holdings LLC boosted its position in Airbnb by 82.5% during the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after acquiring an additional 170 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ABNB. Hsbc Global Res raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Canaccord Genuity Group boosted their price target on shares of Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. JMP Securities restated a “market perform” rating on shares of Airbnb in a report on Friday, February 14th. Wells Fargo & Company dropped their target price on Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Finally, Bank of America raised their price target on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $147.28.

Insider Buying and Selling

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $135.94, for a total value of $29,129,902.90. Following the transaction, the director now directly owns 1,285,715 shares of the company’s stock, valued at $174,780,097.10. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Chesky sold 38,459 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $120.44, for a total transaction of $4,632,001.96. Following the completion of the transaction, the chief executive officer now owns 11,731,685 shares of the company’s stock, valued at $1,412,964,141.40. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,290,053 shares of company stock worth $319,656,539. Company insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $106.66 on Friday. Airbnb, Inc. has a 12-month low of $104.73 and a 12-month high of $166.74. The company’s 50 day moving average price is $133.75 and its two-hundred day moving average price is $133.66. The firm has a market cap of $67.25 billion, a PE ratio of 25.83, a PEG ratio of 3.52 and a beta of 1.15. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Equities research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

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.