12,677 Shares in Airbnb, Inc. (NASDAQ:ABNB) Bought by Monimus Capital Management LP

Monimus Capital Management LP purchased a new position in Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,677 shares of the company’s stock, valued at approximately $1,666,000. Airbnb accounts for about 1.6% of Monimus Capital Management LP’s investment portfolio, making the stock its 24th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in shares of Airbnb in the fourth quarter worth $25,000. Berbice Capital Management LLC purchased a new stake in shares of Airbnb in the fourth quarter worth $26,000. Ashton Thomas Securities LLC purchased a new stake in shares of Airbnb in the third quarter worth $30,000. Whipplewood Advisors LLC purchased a new stake in shares of Airbnb in the fourth quarter worth $44,000. Finally, Cromwell Holdings LLC grew its stake in shares of Airbnb by 82.5% in the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after acquiring an additional 170 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Airbnb

In related news, CEO Brian Chesky sold 38,461 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $133.58, for a total transaction of $5,137,620.38. Following the sale, the chief executive officer now owns 12,537,369 shares in the company, valued at approximately $1,674,741,751.02. This represents a 0.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $135.35, for a total value of $94,745.00. Following the completion of the sale, the chief technology officer now owns 184,714 shares in the company, valued at approximately $25,001,039.90. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,269,494 shares of company stock valued at $318,203,453 in the last ninety days. Corporate insiders own 27.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ABNB. Gordon Haskett raised Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective on the stock in a research report on Friday, February 14th. Morgan Stanley increased their target price on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Evercore ISI increased their target price on Airbnb to $155.00 and gave the company a “hold” rating in a report on Wednesday, January 15th. JMP Securities reissued a “market perform” rating on shares of Airbnb in a report on Friday, February 14th. Finally, HSBC raised Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $148.15.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $122.86 on Friday. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The business has a 50-day simple moving average of $136.23 and a two-hundred day simple moving average of $132.85. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $77.47 billion, a price-to-earnings ratio of 29.75, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. On average, 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.