Manchester Capital Management LLC Purchases 81 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Manchester Capital Management LLC lifted its position in Airbnb, Inc. (NASDAQ:ABNB) by 18.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 527 shares of the company’s stock after purchasing an additional 81 shares during the period. Manchester Capital Management LLC’s holdings in Airbnb were worth $69,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in ABNB. Northwest Investment Counselors LLC bought a new position in shares of Airbnb in the third quarter worth approximately $25,000. Golden State Wealth Management LLC bought a new position in shares of Airbnb in the fourth quarter worth approximately $25,000. Hollencrest Capital Management grew its holdings in shares of Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Berbice Capital Management LLC bought a new position in shares of Airbnb in the fourth quarter worth approximately $26,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Airbnb in the third quarter worth approximately $30,000. Institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a report on Friday. Citigroup lifted their price target on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a report on Monday, November 11th. HSBC upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a report on Friday. Truist Financial cut their price target on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Finally, Bank of America lifted their price target on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Five analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average target price of $145.79.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $161.42 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 $133.49 and a two-hundred day simple moving average of $130.11. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market cap of $102.34 billion, a price-to-earnings ratio of 56.64, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. On average, analysts expect that Airbnb, Inc. will post 3.97 earnings per share for the current year.

Insider Buying and Selling at Airbnb

In related news, Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the completion of the transaction, the director now directly owns 10,321 shares in the company, valued at approximately $1,352,876.68. The trade was a 95.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nathan Blecharczyk sold 9,603 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value 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. This trade represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,608,005 shares of company stock worth $214,394,023 in the last three months. 27.83% of the stock is currently owned by company insiders.

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.