Atomi Financial Group Inc. Buys 109 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Atomi Financial Group Inc. boosted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,774 shares of the company’s stock after purchasing an additional 109 shares during the quarter. Atomi Financial Group Inc.’s holdings in Airbnb were worth $759,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Airbnb in the third quarter worth about $34,982,000. Tri Ri Asset Management Corp purchased a new stake in shares of Airbnb during the 3rd quarter worth approximately $6,352,000. J.W. Cole Advisors Inc. boosted its position in shares of Airbnb by 86.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock valued at $583,000 after acquiring an additional 2,132 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Airbnb by 40.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock valued at $90,123,000 after purchasing an additional 197,558 shares in the last quarter. Finally, Shellback Capital LP bought a new stake in Airbnb in the second quarter worth $22,744,000. Institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

ABNB has been the subject of several research reports. Citigroup increased their price objective on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Phillip Securities reaffirmed a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a report on Tuesday, November 12th. Morgan Stanley lifted their price target on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. upped their price objective on Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Cantor Fitzgerald reiterated an “underweight” rating and issued a $94.00 target price on shares of Airbnb in a report on Monday, October 7th. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average price target of $139.63.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $129.82, for a total value of $90,874.00. Following the transaction, the chief technology officer now owns 184,014 shares in the company, valued at $23,888,697.48. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Gebbia sold 11,635 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the sale, the director now directly owns 16,472 shares of the company’s stock, valued at approximately $2,259,958.40. The trade was a 41.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,130,382 shares of company stock valued at $150,441,919. Corporate insiders own 27.83% of the company’s stock.

Airbnb Trading Down 0.4 %

NASDAQ ABNB opened at $132.50 on Thursday. The company’s 50-day simple moving average is $134.10 and its two-hundred day simple moving average is $131.55. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The company has a market capitalization of $84.00 billion, a price-to-earnings ratio of 46.49, a price-to-earnings-growth ratio of 1.83 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period last year, the firm earned $2.39 EPS. Equities analysts forecast that Airbnb, Inc. will post 3.98 EPS for the current fiscal year.

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.