Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 23.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 25,633 shares of the company’s stock after acquiring an additional 4,919 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Airbnb were worth $3,338,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ABNB. Golden State Wealth Management LLC acquired a new stake in Airbnb during the 4th quarter worth $25,000. Berbice Capital Management LLC acquired a new stake in Airbnb during the 4th quarter worth $26,000. Whipplewood Advisors LLC acquired a new stake in Airbnb during the 4th quarter worth $44,000. Cromwell Holdings LLC raised its stake in Airbnb by 82.5% during the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after acquiring an additional 170 shares in the last quarter. Finally, Quarry LP acquired a new stake in Airbnb during the 3rd quarter worth $55,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Nathan Blecharczyk sold 183,078 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $158.00, for a total value of $28,926,324.00. Following the completion of the transaction, the insider now owns 164,850 shares of the company’s stock, valued at $26,046,300. The trade was a 52.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Brian Chesky sold 230,772 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the completion of the transaction, the chief executive officer now directly owns 12,000,913 shares of the company’s stock, valued at approximately $1,934,067,139.08. This represents a 1.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,055,209 shares of company stock valued at $289,943,548 over the last 90 days. Insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

ABNB has been the topic of several research analyst reports. Wells Fargo & Company cut their price target on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Evercore ISI raised their price objective on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, January 15th. DA Davidson raised their price objective on shares of Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. The Goldman Sachs Group raised shares of Airbnb from a “sell” rating to a “neutral” rating and lifted their target price for the company from $110.00 to $153.00 in a report on Friday, February 14th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $155.00 target price on shares of Airbnb in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $148.15.

Airbnb Stock Performance

NASDAQ:ABNB opened at $124.56 on Wednesday. The firm has a 50 day simple moving average of $135.93 and a 200-day simple moving average of $133.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market cap of $78.54 billion, a PE ratio of 30.16, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share 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%. On average, equities analysts expect that Airbnb, Inc. will post 4.31 EPS 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.