Cambiar Investors LLC Buys Shares of 280,941 Airbnb, Inc. (NASDAQ:ABNB)

Cambiar Investors LLC bought a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, Holdings Channel reports. The fund bought 280,941 shares of the company’s stock, valued at approximately $36,918,000.

A number of other institutional investors have also added to or reduced their stakes in ABNB. Northwest Investment Counselors LLC bought a new stake in shares of Airbnb in the 3rd quarter valued at about $25,000. Golden State Wealth Management LLC bought a new stake in shares of Airbnb in the 4th quarter valued at about $25,000. Hollencrest Capital Management boosted its holdings in shares of Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after buying an additional 200 shares in the last quarter. Berbice Capital Management LLC bought a new stake in shares of Airbnb in the 4th quarter valued at about $26,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Airbnb in the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Up 0.2 %

Shares of NASDAQ:ABNB opened at $135.24 on Tuesday. The firm has a market capitalization of $85.74 billion, a PE ratio of 47.45, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The firm’s 50-day moving average is $132.93 and its two-hundred day moving average is $129.91. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

Insider Activity

In other news, CEO Brian Chesky sold 76,923 shares of Airbnb stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $139.94, for a total value of $10,764,604.62. Following the transaction, the chief executive officer now directly owns 12,616,300 shares of the company’s stock, valued at $1,765,525,022. The trade was a 0.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,417,704 shares of company stock worth $187,654,829 over the last 90 days. 27.83% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ABNB has been the subject of a number of recent analyst reports. Evercore ISI lifted their target price on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a research note on Wednesday, January 15th. Citigroup raised their price target on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. UBS Group raised their price target on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Wedbush reissued an “outperform” rating and set a $155.00 price target on shares of Airbnb in a research report on Tuesday, February 4th. Finally, 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 report on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and a consensus price target of $139.63.

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.