TCG Advisory Services LLC Purchases 728 Shares of Airbnb, Inc. (NASDAQ:ABNB)

TCG Advisory Services LLC raised its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 24.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,662 shares of the company’s stock after acquiring an additional 728 shares during the quarter. TCG Advisory Services LLC’s holdings in Airbnb were worth $499,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. CVA Family Office LLC acquired a new stake in shares of Airbnb in the 4th quarter valued at about $26,000. Orion Capital Management LLC bought a new stake in Airbnb during the 3rd quarter valued at $27,000. Bfsg LLC acquired a new position in Airbnb during the fourth quarter worth $27,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Airbnb in the fourth quarter valued at $30,000. Finally, Farmers & Merchants Investments Inc. acquired a new position in shares of Airbnb during the third quarter valued at about $39,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 75,500 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $155.31, for a total transaction of $11,725,905.00. Following the completion of the transaction, the chief technology officer now directly owns 146,131 shares in the company, valued at approximately $22,695,605.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Elinor Mertz sold 9,196 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $156.76, for a total value of $1,441,564.96. Following the sale, the chief financial officer now directly owns 535,530 shares of the company’s stock, valued at $83,949,682.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 75,500 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $155.31, for a total transaction of $11,725,905.00. Following the completion of the transaction, the chief technology officer now directly owns 146,131 shares in the company, valued at approximately $22,695,605.61. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 396,874 shares of company stock valued at $63,712,671. 27.83% of the stock is currently owned by corporate insiders.

Airbnb Stock Performance

ABNB stock traded up $1.38 during midday trading on Friday, reaching $159.71. 4,529,908 shares of the company’s stock traded hands, compared to its average volume of 3,159,564. The firm has a market capitalization of $103.34 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24. The company has a 50-day moving average price of $161.18 and a two-hundred day moving average price of $144.81. Airbnb, Inc. has a 52 week low of $103.55 and a 52 week high of $170.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. As a group, equities analysts anticipate that Airbnb, Inc. will post 4.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ABNB. B. Riley Financial initiated coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price target on the stock. Tigress Financial raised their target price on Airbnb from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, April 5th. Barclays upped their price target on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Monday, January 29th. Susquehanna raised their price objective on Airbnb from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Wednesday, February 14th. Finally, Mizuho upgraded shares of Airbnb from a “neutral” rating to a “buy” rating and upped their target price for the stock from $150.00 to $200.00 in a research note on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $149.19.

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.