New England Research & Management Inc. Acquires 5,400 Shares of Airbnb, Inc. $ABNB

New England Research & Management Inc. lifted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 77.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,400 shares of the company’s stock after purchasing an additional 5,400 shares during the period. New England Research & Management Inc.’s holdings in Airbnb were worth $1,506,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. DDD Partners LLC lifted its stake in Airbnb by 3.9% in the second quarter. DDD Partners LLC now owns 2,041 shares of the company’s stock valued at $270,000 after buying an additional 76 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Airbnb by 1.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company’s stock valued at $604,000 after acquiring an additional 78 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Airbnb by 70.9% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after acquiring an additional 83 shares during the period. SBI Securities Co. Ltd. boosted its stake in Airbnb by 0.8% during the second quarter. SBI Securities Co. Ltd. now owns 10,552 shares of the company’s stock worth $1,396,000 after acquiring an additional 85 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in Airbnb by 4.3% in the second quarter. IFP Advisors Inc now owns 2,398 shares of the company’s stock valued at $317,000 after purchasing an additional 99 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 650 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $120.92, for a total value of $78,598.00. Following the transaction, the chief technology officer owned 187,036 shares in the company, valued at $22,616,393.12. The trade was a 0.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nathan Blecharczyk sold 36,370 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $123.24, for a total value of $4,482,238.80. Following the completion of the transaction, the insider directly owned 11,520 shares of the company’s stock, valued at approximately $1,419,724.80. This represents a 75.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,611,828 shares of company stock valued at $195,591,707. Corporate insiders own 27.91% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on ABNB. KeyCorp began coverage on Airbnb in a research note on Thursday, October 23rd. They issued a “sector weight” rating for the company. Wells Fargo & Company raised their price objective on Airbnb from $111.00 to $118.00 and gave the company an “underweight” rating in a research note on Monday, December 1st. Jefferies Financial Group boosted their price objective on Airbnb from $160.00 to $165.00 and gave the company a “buy” rating in a report on Friday, December 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Airbnb in a research report on Wednesday, October 8th. Finally, BNP Paribas Exane initiated coverage on shares of Airbnb in a report on Monday, November 24th. They set a “neutral” rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $143.88.

Airbnb Trading Up 2.7%

NASDAQ ABNB opened at $131.81 on Tuesday. The business has a fifty day simple moving average of $122.22 and a 200 day simple moving average of $127.42. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The firm has a market capitalization of $81.14 billion, a P/E ratio of 31.31, a PEG ratio of 2.26 and a beta of 1.11.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Airbnb had a return on equity of 32.14% and a net margin of 22.03%.Airbnb’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.13 earnings per share. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal 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.