2,535 Shares in Airbnb, Inc. (NASDAQ:ABNB) Bought by Flossbach Von Storch AG

Flossbach Von Storch AG acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,535 shares of the company’s stock, valued at approximately $345,000.

Several other large investors also recently modified their holdings of ABNB. Mount Vernon Associates Inc. MD increased its holdings in Airbnb by 1.0% during the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,270 shares of the company’s stock worth $990,000 after purchasing an additional 75 shares during the last quarter. Waldron Private Wealth LLC increased its stake in shares of Airbnb by 0.5% in the fourth quarter. Waldron Private Wealth LLC now owns 16,171 shares of the company’s stock worth $2,201,000 after buying an additional 78 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in Airbnb by 36.2% in the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the company’s stock valued at $41,000 after acquiring an additional 80 shares in the last quarter. Centurion Wealth Management LLC boosted its stake in Airbnb by 2.3% during the 4th quarter. Centurion Wealth Management LLC now owns 3,605 shares of the company’s stock valued at $491,000 after acquiring an additional 81 shares during the last quarter. Finally, New World Advisors LLC raised its stake in shares of Airbnb by 2.6% in the 4th quarter. New World Advisors LLC now owns 3,256 shares of the company’s stock valued at $443,000 after purchasing an additional 82 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $161.55, for a total value of $96,930.00. Following the completion of the sale, the chief technology officer now directly owns 222,304 shares of the company’s stock, valued at approximately $35,913,211.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Nathan Blecharczyk sold 11,420 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $140.03, for a total transaction of $1,599,142.60. Following the transaction, the insider now directly owns 542,342 shares in the company, valued at approximately $75,944,150.26. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $161.55, for a total value of $96,930.00. Following the sale, the chief technology officer now owns 222,304 shares of the company’s stock, valued at $35,913,211.20. The disclosure for this sale can be found here. Insiders sold 490,584 shares of company stock worth $77,302,032 over the last quarter. Corporate insiders own 30.84% of the company’s stock.

Airbnb Price Performance

Airbnb stock traded up $3.47 during mid-day trading on Thursday, hitting $161.84. The company’s stock had a trading volume of 655,040 shares, compared to its average volume of 4,578,771. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a twelve month low of $103.55 and a twelve month high of $170.10. The stock has a market capitalization of $104.72 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.01 and a beta of 1.25. The stock’s fifty day moving average price is $159.21 and its two-hundred day moving average price is $141.97.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. Research analysts forecast that Airbnb, Inc. will post 4.63 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on ABNB shares. B. Riley Financial started coverage on Airbnb in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price objective for the company. BMO Capital Markets lifted their target price on Airbnb from $134.00 to $135.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 14th. UBS Group dropped their price target on Airbnb from $148.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research note on Thursday, April 11th. Finally, Benchmark started coverage on shares of Airbnb in a research note on Thursday, April 11th. They set a “buy” rating and a $190.00 target price for the company. Four analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $147.58.

Airbnb 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.