Hudson Edge Investment Partners Inc. Boosts Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Hudson Edge Investment Partners Inc. increased its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 14.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,631 shares of the company’s stock after buying an additional 200 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Airbnb were worth $214,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. CAP Partners LLC boosted its holdings in shares of Airbnb by 3.6% in the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock worth $293,000 after buying an additional 77 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in shares of Airbnb by 18.2% in the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock worth $69,000 after buying an additional 81 shares during the last quarter. Salvus Wealth Management LLC boosted its holdings 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 worth $455,000 after buying an additional 84 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Airbnb by 19.3% in the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock worth $74,000 after buying an additional 94 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its holdings in shares of Airbnb by 2.7% in the third quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock worth $468,000 after buying an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Activity

In other news, insider Nathan Blecharczyk sold 183,078 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the completion of the sale, the insider now directly owns 164,850 shares of the company’s stock, valued at approximately $26,046,300. The trade was a 52.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Chesky sold 76,923 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the sale, the chief executive officer now directly owns 12,616,300 shares of the company’s stock, valued at $1,765,525,022. This represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,950,540 shares of company stock valued at $275,598,944. 27.83% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. 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. JPMorgan Chase & Co. lifted their price target on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 8th. The Goldman Sachs Group raised shares of Airbnb from a “sell” rating to a “neutral” rating and lifted their price target for the company from $110.00 to $153.00 in a report on Friday, February 14th. 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. Finally, Evercore ISI lifted their price target on shares of Airbnb to $155.00 and gave the company a “hold” rating in a report on Wednesday, January 15th. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $146.48.

Airbnb Trading Down 5.9 %

ABNB stock opened at $146.07 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The stock has a market capitalization of $92.10 billion, a price-to-earnings ratio of 35.37, a price-to-earnings-growth ratio of 3.74 and a beta of 1.12. The firm’s fifty day simple moving average is $135.45 and its two-hundred day simple moving average is $130.97.

Airbnb (NASDAQ:ABNB) last issued its 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 net margin of 23.85% and a return on equity of 32.29%. As a group, analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

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.