10,999 Shares in Airbnb, Inc. (NASDAQ:ABNB) Purchased by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd acquired a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,999 shares of the company’s stock, valued at approximately $1,445,000.

A number of other hedge funds have also recently bought and sold shares of the business. Quadrant Capital Group LLC grew its position in shares of Airbnb by 11.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,003 shares of the company’s stock worth $132,000 after buying an additional 102 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co grew its holdings in Airbnb by 25.0% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 100,000 shares of the company’s stock worth $13,141,000 after acquiring an additional 20,000 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Airbnb by 7.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 968,228 shares of the company’s stock worth $127,235,000 after acquiring an additional 66,438 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of Airbnb in the 4th quarter worth about $16,595,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Airbnb in the 4th quarter valued at about $1,002,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Activity

In other Airbnb news, insider Nathan Blecharczyk sold 183,078 shares of Airbnb stock in a transaction on Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the completion of the transaction, the insider now directly owns 164,850 shares of the company’s stock, valued at $26,046,300. The trade was a 52.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $137.00, for a total transaction of $856,250.00. Following the sale, the chief financial officer now directly owns 491,238 shares of the company’s stock, valued at approximately $67,299,606. This trade represents a 1.26 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,290,053 shares of company stock valued at $319,656,539. 27.83% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on ABNB. Susquehanna lifted their price target on Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a research note on Tuesday, February 18th. Barclays lifted their target price on Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a research report on Friday, February 14th. The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating and upped their price target for the company from $110.00 to $153.00 in a research report on Friday, February 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a report on Friday, February 14th. Finally, Truist Financial dropped their target price on shares of Airbnb from $123.00 to $112.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $147.28.

Airbnb Stock Performance

Shares of ABNB stock opened at $106.66 on Friday. The stock has a market cap of $67.25 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. The stock has a 50-day moving average of $133.75 and a 200-day moving average of $133.66. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb, Inc. has a one year low of $104.73 and a one year high of $166.74.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

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.