Landscape Capital Management L.L.C. Makes New $1 Million Investment in Airbnb, Inc. (NASDAQ:ABNB)

Landscape Capital Management L.L.C. acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,627 shares of the company’s stock, valued at approximately $1,002,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Benjamin Edwards Inc. acquired a new stake in Airbnb in the 3rd quarter worth $711,000. Hilltop Holdings Inc. bought a new stake in shares of Airbnb in the third quarter valued at about $344,000. Janus Henderson Group PLC grew its position in Airbnb by 4.0% during the third quarter. Janus Henderson Group PLC now owns 54,131 shares of the company’s stock worth $6,866,000 after buying an additional 2,100 shares in the last quarter. Quarry LP bought a new position in Airbnb during the third quarter valued at about $55,000. Finally, Stifel Financial Corp raised its holdings in Airbnb by 367.1% in the 3rd quarter. Stifel Financial Corp now owns 504,099 shares of the company’s stock valued at $63,925,000 after acquiring an additional 396,185 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the topic of a number of research reports. DA Davidson boosted their price objective on Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Argus upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Morgan Stanley raised their price objective on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. The Goldman Sachs Group raised shares of Airbnb from a “sell” rating to a “neutral” rating and upped their target price for the company from $110.00 to $153.00 in a research note on Friday, February 14th. Finally, Barclays raised their price target on shares of Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a research note on Friday, February 14th. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $147.28.

Airbnb Trading Down 6.4 %

ABNB opened at $106.66 on Friday. The firm has a 50 day simple moving average of $133.75 and a 200 day simple moving average of $133.66. Airbnb, Inc. has a fifty-two week low of $104.73 and a fifty-two week high of $166.74. The company has a market cap of $67.25 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.

Airbnb (NASDAQ:ABNB) last issued its 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, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $161.05, for a total transaction of $112,735.00. Following the sale, the chief technology officer now owns 180,514 shares of the company’s stock, valued at approximately $29,071,779.70. This trade represents a 0.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the transaction, the chief executive officer now owns 12,000,913 shares in the company, valued at approximately $1,934,067,139.08. This represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,290,053 shares of company stock worth $319,656,539. 27.83% of the stock is 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.