Versant Capital Management Inc Purchases 513 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Versant Capital Management Inc increased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 215.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 751 shares of the company’s stock after purchasing an additional 513 shares during the period. Versant Capital Management Inc’s holdings in Airbnb were worth $99,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Asset Dedication LLC increased its holdings in Airbnb by 7.6% in the 2nd quarter. Asset Dedication LLC now owns 1,193 shares of the company’s stock valued at $181,000 after buying an additional 84 shares during the period. Koshinski Asset Management Inc. boosted its position in shares of Airbnb by 3.8% during 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 in the last quarter. Edge Capital Group LLC increased its stake in Airbnb by 1.2% in the second quarter. Edge Capital Group LLC now owns 7,617 shares of the company’s stock valued at $1,155,000 after acquiring an additional 87 shares during the period. Lazari Capital Management Inc. raised its position in Airbnb by 3.6% in the second quarter. Lazari Capital Management Inc. now owns 2,517 shares of the company’s stock worth $382,000 after purchasing an additional 88 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in Airbnb by 19.3% during the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock worth $74,000 after purchasing an additional 94 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Stock Up 3.2 %

NASDAQ:ABNB opened at $135.71 on Friday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The stock has a 50-day moving average price of $135.46 and a two-hundred day moving average price of $133.28. The stock has a market cap of $86.04 billion, a price-to-earnings ratio of 47.62, a PEG ratio of 1.93 and a beta of 1.13. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last posted its 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). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the company posted $2.39 earnings per share. As a group, equities analysts expect that Airbnb, Inc. will post 3.99 earnings per share for the current year.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 500 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $136.01, for a total transaction of $68,005.00. Following the completion of the transaction, the chief technology officer now directly owns 185,414 shares in the company, valued at approximately $25,218,158.14. This trade represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 38,460 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $133.97, for a total value of $5,152,486.20. Following the completion of the sale, the chief executive officer now owns 13,200,529 shares in the company, valued at $1,768,474,870.13. The trade was a 0.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 675,961 shares of company stock valued at $90,169,271 over the last quarter. Corporate insiders own 27.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ABNB shares. Citigroup increased their target price on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Jefferies Financial Group lifted their price objective on Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Wells Fargo & Company upped their target price on shares of Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a report on Tuesday, October 8th. Susquehanna lifted their price target on shares of Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a report on Monday, November 11th. Finally, Mizuho decreased their price objective on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, September 13th. Six investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Airbnb currently has an average rating of “Hold” and a consensus price target of $139.48.

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.