GAMMA Investing LLC Makes New $180,000 Investment in Airbnb, Inc. (NASDAQ:ABNB)

GAMMA Investing LLC purchased a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,246 shares of the company’s stock, valued at approximately $180,000.

A number of other institutional investors also recently bought and sold shares of the business. CVA Family Office LLC acquired a new stake in shares of Airbnb during the fourth quarter worth about $26,000. Orion Capital Management LLC acquired a new stake in shares of Airbnb during the third quarter worth about $27,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Airbnb during the fourth quarter worth about $30,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of Airbnb during the third quarter worth about $39,000. Finally, Financial Management Professionals Inc. increased its position in shares of Airbnb by 518.4% during the fourth quarter. Financial Management Professionals Inc. now owns 303 shares of the company’s stock worth $41,000 after purchasing an additional 254 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Trading Up 0.7 %

Shares of Airbnb stock opened at $164.23 on Friday. The firm has a market cap of $106.27 billion, a PE ratio of 22.68, a P/E/G ratio of 2.08 and a beta of 1.25. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. The business’s fifty day moving average is $160.44 and its two-hundred day moving average is $143.42. Airbnb, Inc. has a fifty-two week low of $103.55 and a fifty-two week high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. Analysts anticipate that Airbnb, Inc. will post 4.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ABNB. Tigress Financial lifted their target price on Airbnb from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. DA Davidson restated a “neutral” rating and issued a $145.00 price target on shares of Airbnb in a research report on Friday, March 15th. Wedbush restated a “neutral” rating and issued a $160.00 price target on shares of Airbnb in a research report on Thursday, April 18th. Benchmark started coverage on Airbnb in a research report on Thursday, April 11th. They issued a “buy” rating and a $190.00 price target on the stock. Finally, Royal Bank of Canada boosted their target price on Airbnb from $140.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 14th. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Airbnb has a consensus rating of “Hold” and a consensus target price of $149.19.

Insider Transactions at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $146.58, for a total value of $8,794,800.00. Following the transaction, the insider now owns 473,762 shares of the company’s stock, valued at $69,444,033.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Nathan Blecharczyk sold 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $146.58, for a total value of $8,794,800.00. Following the sale, the insider now directly owns 473,762 shares in the company, valued at approximately $69,444,033.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 76,912 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $147.79, for a total value of $11,366,824.48. Following the completion of the sale, the chief executive officer now owns 14,545,529 shares in the company, valued at $2,149,683,730.91. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 456,274 shares of company stock valued at $72,410,859. Insiders own 30.84% of the company’s stock.

Airbnb 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.