Cromwell Holdings LLC Acquires 170 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Cromwell Holdings LLC raised its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 82.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 376 shares of the company’s stock after buying an additional 170 shares during the quarter. Cromwell Holdings LLC’s holdings in Airbnb were worth $49,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in shares of Airbnb in the 4th quarter valued at approximately $25,000. Berbice Capital Management LLC purchased a new position in shares of Airbnb in the 4th quarter valued at approximately $26,000. Hollencrest Capital Management lifted its stake in shares of Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Airbnb in the 3rd quarter valued at approximately $30,000. Finally, Quarry LP purchased a new position in shares of Airbnb in the 3rd quarter valued at approximately $55,000. 80.76% of the stock is currently owned by institutional investors.

Airbnb Stock Performance

Shares of ABNB opened at $155.31 on Friday. 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, Inc. has a one year low of $110.38 and a one year high of $170.10. The firm has a market capitalization of $98.46 billion, a P/E ratio of 37.61, a PEG ratio of 3.89 and a beta of 1.12. The business has a fifty day moving average of $135.15 and a 200 day moving average of $130.82.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.29 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on ABNB. DA Davidson raised their target price on Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Evercore ISI raised their target price on Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. Citigroup raised their target price on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Robert W. Baird upgraded Airbnb from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $140.00 to $175.00 in a research note on Friday, February 14th. Finally, Gordon Haskett upgraded Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective for the company in a research note on Friday, February 14th. Five analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $147.00.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 500 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Brian Chesky sold 76,923 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $139.94, for a total value of $10,764,604.62. Following the completion of the sale, the chief executive officer now owns 12,616,300 shares of the company’s stock, valued at approximately $1,765,525,022. The trade was a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,950,540 shares of company stock valued at $275,598,944 over the last 90 days. Company insiders own 27.83% of the company’s stock.

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.