Bourgeon Capital Management LLC Buys New Shares in Airbnb, Inc. (NASDAQ:ABNB)

Bourgeon Capital Management LLC purchased a new position in Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,880 shares of the company’s stock, valued at approximately $773,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ABNB. Pacer Advisors Inc. increased its position in Airbnb by 6,085.6% in the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after purchasing an additional 4,172,985 shares during the last quarter. Meritage Group LP purchased a new stake in Airbnb in the 3rd quarter worth about $160,985,000. Edgewood Management LLC lifted its stake in shares of Airbnb by 9.2% during the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after acquiring an additional 1,143,464 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Airbnb by 19,430.3% during the third quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock worth $1,419,610,000 after purchasing an additional 1,113,747 shares during the last quarter. Finally, Temasek Holdings Private Ltd boosted its position in Airbnb by 91.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock valued at $294,726,000 after buying an additional 1,109,076 shares during the period. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Down 1.5 %

ABNB stock opened at $133.07 on Wednesday. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The firm has a 50-day simple moving average of $134.11 and a 200-day simple moving average of $131.55. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $84.36 billion, a P/E ratio of 46.69, a P/E/G ratio of 1.83 and a beta of 1.13.

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

Insider Transactions at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 9,603 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the transaction, the insider now owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $128.95, for a total value of $27,632,050.75. Following the completion of the sale, the director now owns 1,071,430 shares of the company’s stock, valued at approximately $138,160,898.50. The trade was a 16.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,130,382 shares of company stock valued at $150,441,919 over the last 90 days. 27.83% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on ABNB shares. TD Cowen upped their target price on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Truist Financial reduced their price target on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research report on Wednesday, December 4th. Benchmark reissued a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a research report on Friday, November 8th. Jefferies Financial Group increased their price target on Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, JMP Securities restated a “market perform” rating on shares of Airbnb in a research note on Monday, December 16th. Six analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $139.63.

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.