Mission Creek Capital Partners Inc. Increases Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Mission Creek Capital Partners Inc. lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,403 shares of the company’s stock after purchasing an additional 353 shares during the quarter. Mission Creek Capital Partners Inc.’s holdings in Airbnb were worth $1,236,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Gerber Kawasaki Wealth & Investment Management lifted its stake in shares of Airbnb by 11.8% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 2,007 shares of the company’s stock worth $264,000 after acquiring an additional 212 shares during the period. Johnson Financial Group Inc. lifted its position in Airbnb by 5.8% in the fourth quarter. Johnson Financial Group Inc. now owns 14,555 shares of the company’s stock valued at $1,909,000 after purchasing an additional 796 shares during the period. Coldstream Capital Management Inc. boosted its holdings in Airbnb by 3.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,490 shares of the company’s stock valued at $327,000 after purchasing an additional 91 shares in the last quarter. Three Seasons Wealth LLC acquired a new position in Airbnb during the 4th quarter worth approximately $1,132,000. Finally, Nebula Research & Development LLC raised its stake in shares of Airbnb by 97.0% during the 4th quarter. Nebula Research & Development LLC now owns 8,503 shares of the company’s stock worth $1,117,000 after buying an additional 4,186 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Airbnb news, insider Nathan Blecharczyk sold 183,078 shares of Airbnb stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the transaction, the insider now directly 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total transaction of $89,705.00. Following the sale, the chief technology officer now owns 182,614 shares of the company’s stock, valued at approximately $23,401,984.10. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,213,131 shares of company stock valued at $300,179,370 in the last three months. Corporate insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

NASDAQ:ABNB opened at $122.51 on Friday. The company has a market cap of $77.25 billion, a P/E ratio of 29.66, a P/E/G ratio of 3.52 and a beta of 1.15. The firm’s 50 day moving average is $125.67 and its two-hundred day moving average is $131.90. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $165.50. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analyst Weigh In

ABNB has been the topic of a number of analyst reports. DA Davidson lifted their price target on Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Evercore ISI upped their price target on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a research note on Wednesday, January 15th. HSBC upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Gordon Haskett upgraded shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 target price on the stock in a research report on Friday, February 14th. Finally, Robert W. Baird reduced their price target on shares of Airbnb from $175.00 to $160.00 and set an “outperform” rating for the company in a research report on Tuesday, March 25th. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Airbnb presently has an average rating of “Hold” and an average price target of $146.94.

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.