Campbell & CO Investment Adviser LLC Raises Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Campbell & CO Investment Adviser LLC grew its position in Airbnb, Inc. (NASDAQ:ABNBFree Report) by 72.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,044 shares of the company’s stock after buying an additional 1,695 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Airbnb were worth $551,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ABNB. CVA Family Office LLC purchased a new position in Airbnb in the fourth quarter worth approximately $26,000. Orion Capital Management LLC acquired a new stake in shares of Airbnb during the 3rd quarter worth about $27,000. Bfsg LLC purchased a new stake in Airbnb in the 4th quarter valued at about $27,000. McGlone Suttner Wealth Management Inc. acquired a new position in Airbnb in the fourth quarter valued at about $30,000. Finally, Financial Management Professionals Inc. boosted its stake in 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 buying an additional 254 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Buying and Selling

In other Airbnb news, CAO David C. Bernstein sold 6,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $147.00, for a total value of $882,000.00. Following the completion of the sale, the chief accounting officer now owns 47,043 shares of the company’s stock, valued at $6,915,321. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Airbnb news, CAO David C. Bernstein sold 6,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $147.00, for a total value of $882,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 47,043 shares of the company’s stock, valued at approximately $6,915,321. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $145.71, for a total value of $87,426.00. Following the sale, the chief technology officer now owns 212,374 shares of the company’s stock, valued at $30,945,015.54. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 228,237 shares of company stock valued at $35,744,352. Corporate insiders own 27.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ABNB. JPMorgan Chase & Co. boosted their price target on shares of Airbnb from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Thursday, May 9th. Piper Sandler Companies upped their price target on Airbnb from $145.00 to $155.00 and gave the stock a “neutral” rating in a research note on Thursday, May 9th. Truist Financial lifted their price objective on Airbnb from $131.00 to $134.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. DA Davidson reissued a “neutral” rating and set a $145.00 target price on shares of Airbnb in a research note on Thursday, May 9th. Finally, BMO Capital Markets lifted their target price on Airbnb from $135.00 to $151.00 and gave the company a “market perform” rating in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $152.38.

Get Our Latest Analysis on ABNB

Airbnb Trading Down 0.2 %

Shares of ABNB opened at $146.66 on Friday. Airbnb, Inc. has a twelve month low of $113.24 and a twelve month high of $170.10. The firm has a market capitalization of $94.46 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 1.81 and a beta of 1.18. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is $153.75 and its 200 day simple moving average is $149.35.

Airbnb (NASDAQ:ABNBGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.18. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the previous year, the business earned $0.18 EPS. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. On average, equities research analysts forecast that Airbnb, Inc. will post 4.67 earnings per share for the current year.

About Airbnb

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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