4,420 Shares in Airbnb, Inc. (NASDAQ:ABNB) Acquired by Syon Capital LLC

Syon Capital LLC acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,420 shares of the company’s stock, valued at approximately $602,000.

Several other hedge funds also recently modified their holdings of ABNB. Pittenger & Anderson Inc. increased its holdings in Airbnb by 801.8% in the fourth quarter. Pittenger & Anderson Inc. now owns 2,570 shares of the company’s stock worth $350,000 after purchasing an additional 2,285 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in Airbnb by 10.7% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,750 shares of the company’s stock worth $1,464,000 after purchasing an additional 1,043 shares in the last quarter. Bfsg LLC purchased a new stake in Airbnb during the 4th quarter valued at about $27,000. Harvest Fund Management Co. Ltd lifted its stake in shares of Airbnb by 96.4% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 7,328 shares of the company’s stock worth $993,000 after purchasing an additional 3,596 shares during the period. Finally, Yousif Capital Management LLC raised its stake in Airbnb by 0.5% during the 4th quarter. Yousif Capital Management LLC now owns 54,595 shares of the company’s stock worth $7,433,000 after acquiring an additional 268 shares during the period. Institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

NASDAQ ABNB traded up $1.22 on Friday, reaching $164.23. The company had a trading volume of 2,818,559 shares, compared to its average volume of 4,522,709. The firm’s 50 day moving average price is $160.20 and its 200 day moving average price is $143.17. Airbnb, Inc. has a 12 month low of $103.55 and a 12 month high of $170.10. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $106.27 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 2.08 and a beta of 1.25.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. As a group, equities analysts predict that Airbnb, Inc. will post 4.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

ABNB has been the topic of several recent research reports. Tigress Financial upped their price objective on Airbnb from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. DA Davidson restated a “neutral” rating and issued a $145.00 price objective on shares of Airbnb in a research report on Friday, March 15th. B. Riley began coverage on Airbnb in a research note on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 target price for the company. Wells Fargo & Company upped their price objective on Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a report on Monday, April 1st. Finally, Bank of America lifted their price objective on shares of Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $149.19.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $163.00, for a total transaction of $97,800.00. Following the sale, the chief technology officer now owns 144,931 shares in the company, valued at $23,623,753. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Dave Stephenson sold 7,838 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $145.98, for a total transaction of $1,144,191.24. Following the completion of the transaction, the chief financial officer now directly owns 85,802 shares in the company, valued at $12,525,375.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $163.00, for a total value of $97,800.00. Following the completion of the sale, the chief technology officer now owns 144,931 shares in the company, valued at $23,623,753. The disclosure for this sale can be found here. In the last quarter, insiders sold 456,274 shares of company stock worth $72,410,859. 30.84% of the stock is currently owned by 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.