Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Empirical Finance LLC

Empirical Finance LLC lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 6.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,791 shares of the company’s stock after purchasing an additional 175 shares during the quarter. Empirical Finance LLC’s holdings in Airbnb were worth $367,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in ABNB. Salvus Wealth Management LLC increased its stake in shares of Airbnb by 2.5% in the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after purchasing an additional 84 shares during the period. Koshinski Asset Management Inc. increased its position in Airbnb by 3.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $292,000 after acquiring an additional 85 shares during the period. First Horizon Advisors Inc. increased its position in Airbnb by 19.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock valued at $74,000 after acquiring an additional 94 shares during the period. Kingsview Wealth Management LLC raised its stake in Airbnb by 2.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock valued at $468,000 after acquiring an additional 97 shares in the last quarter. Finally, Y.D. More Investments Ltd boosted its position in Airbnb by 3.0% during the 4th quarter. Y.D. More Investments Ltd now owns 3,461 shares of the company’s stock worth $455,000 after acquiring an additional 100 shares during the period. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

Shares of Airbnb stock opened at $134.52 on Wednesday. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. 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 cap of $85.28 billion, a PE ratio of 47.20, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12. The business has a fifty day simple moving average of $132.87 and a 200-day simple moving average of $129.87.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 500 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total value of $68,005.00. Following the completion of the sale, the chief technology officer now owns 185,414 shares in the company, valued at $25,218,158.14. This represents a 0.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the sale, the director now directly owns 10,321 shares of the company’s stock, valued at $1,352,876.68. This trade represents a 95.40 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,417,704 shares of company stock valued at $187,654,829. Corporate insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

ABNB has been the topic of a number of research analyst reports. Truist Financial lowered their price target on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. JPMorgan Chase & Co. raised their target price on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Wedbush reaffirmed an “outperform” rating and issued a $155.00 price target on shares of Airbnb in a research note on Tuesday, February 4th. Morgan Stanley increased their price objective on shares of Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Finally, DA Davidson boosted their target price on Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average target price of $139.63.

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.