Simon Quick Advisors LLC Grows Position in Airbnb, Inc. (NASDAQ:ABNB)

Simon Quick Advisors LLC increased its position in Airbnb, Inc. (NASDAQ:ABNB) by 26.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,878 shares of the company’s stock after buying an additional 810 shares during the quarter. Simon Quick Advisors LLC’s holdings in Airbnb were worth $510,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Airbnb in the third quarter valued at about $34,982,000. Tri Ri Asset Management Corp purchased a new position in Airbnb during the 3rd quarter valued at about $6,352,000. J.W. Cole Advisors Inc. lifted its holdings in Airbnb by 86.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after buying an additional 2,132 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Airbnb by 40.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock worth $90,123,000 after buying an additional 197,558 shares during the last quarter. Finally, Shellback Capital LP purchased a new position in shares of Airbnb during the second quarter valued at approximately $22,744,000. 80.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Airbnb news, CAO David C. Bernstein sold 1,000 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $137.00, for a total value of $137,000.00. Following the completion of the sale, the chief accounting officer now owns 40,581 shares in the company, valued at $5,559,597. This represents a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $129.82, for a total value of $90,874.00. Following the completion of the transaction, the chief technology officer now directly owns 184,014 shares in the company, valued at $23,888,697.48. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,130,382 shares of company stock worth $150,441,919. Company insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Raymond James began coverage on Airbnb in a research note on Friday, September 27th. They issued a “market perform” rating and a $134.00 price target for the company. Wedbush lifted their target price on shares of Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Susquehanna increased their price target on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research note on Monday, November 11th. Wells Fargo & Company cut their price objective on Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Finally, DA Davidson upped 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $139.63.

Airbnb Stock Performance

Shares of ABNB opened at $132.50 on Thursday. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The business has a fifty day moving average of $134.10 and a 200 day moving average of $131.55. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market capitalization of $84.00 billion, a P/E ratio of 46.49, a PEG ratio of 1.83 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter in the prior year, the firm earned $2.39 earnings per share. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 3.98 EPS for the current year.

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.