Y.D. More Investments Ltd Buys 100 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Y.D. More Investments Ltd grew its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 3.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 3,461 shares of the company’s stock after acquiring an additional 100 shares during the quarter. Y.D. More Investments Ltd’s holdings in Airbnb were worth $455,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ABNB shares. Piper Sandler lifted their target price on Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. TD Cowen raised their target price on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Phillip Securities reiterated a “reduce” rating and set a $120.00 price target on shares of Airbnb in a report on Tuesday, November 12th. Finally, UBS Group raised their price objective on Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Six investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average target price of $139.63.

Airbnb Stock Performance

NASDAQ ABNB opened at $130.74 on Wednesday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $133.29 and a 200 day simple moving average of $130.27. The company has a market cap of $82.89 billion, a P/E ratio of 45.87, a PEG ratio of 1.72 and a beta of 1.12. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the prior year, the company earned $2.39 EPS. Sell-side analysts predict that Airbnb, Inc. will post 3.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $136.01, for a total value of $68,005.00. Following the transaction, the chief technology officer now owns 185,414 shares in the company, valued at approximately $25,218,158.14. This represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian Chesky sold 76,923 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 12,616,300 shares of the company’s stock, valued at $1,765,525,022. This represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,372,293 shares of company stock worth $181,759,318. 27.83% of the stock is owned by company insiders.

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.