Entropy Technologies LP Acquires 1,916 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Entropy Technologies LP lifted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 8.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 24,650 shares of the company’s stock after buying an additional 1,916 shares during the period. Entropy Technologies LP’s holdings in Airbnb were worth $3,239,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ABNB. CWM LLC lifted its holdings in shares of Airbnb by 65.6% during the 3rd quarter. CWM LLC now owns 21,309 shares of the company’s stock worth $2,702,000 after acquiring an additional 8,441 shares during the period. Perpetual Ltd bought a new stake in shares of Airbnb during the 3rd quarter worth approximately $1,410,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Airbnb by 47.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 21,903 shares of the company’s stock worth $2,778,000 after acquiring an additional 7,003 shares during the period. Wynn Capital LLC lifted its holdings in shares of Airbnb by 37.0% during the 3rd quarter. Wynn Capital LLC now owns 2,297 shares of the company’s stock worth $291,000 after acquiring an additional 620 shares during the period. Finally, Burns Matteson Capital Management LLC bought a new stake in shares of Airbnb during the 3rd quarter worth approximately $271,000. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Up 1.8 %

Shares of NASDAQ ABNB opened at $134.98 on Friday. The firm has a market cap of $85.57 billion, a PE ratio of 47.36, a P/E/G ratio of 1.88 and a beta of 1.12. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company’s fifty day simple moving average is $132.98 and its 200 day simple moving average is $130.04. 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 issued its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the prior year, the company earned $2.39 earnings per share. As a group, sell-side analysts forecast that Airbnb, Inc. will post 3.97 earnings per share for the current fiscal year.

Insider Buying and Selling at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 9,603 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the transaction, the insider now directly owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. This trade represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 10,321 shares in the company, valued at $1,352,876.68. This trade represents a 95.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,417,704 shares of company stock valued at $187,654,829. Corporate insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ABNB. Jefferies Financial Group upped their price objective on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Robert W. Baird upped their price objective on shares of Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. TD Cowen upped their price objective on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. upped their price objective on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Morgan Stanley upped their price objective 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. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.