Norman Fields Gottscho Capital Management LLC Purchases 615 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Norman Fields Gottscho Capital Management LLC grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 30.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,605 shares of the company’s stock after acquiring an additional 615 shares during the period. Norman Fields Gottscho Capital Management LLC’s holdings in Airbnb were worth $342,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Airbnb in the 3rd quarter worth approximately $34,982,000. Tri Ri Asset Management Corp bought a new stake in shares of Airbnb during the third quarter valued at approximately $6,352,000. J.W. Cole Advisors Inc. lifted its holdings in shares of Airbnb by 86.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after buying an additional 2,132 shares in the last quarter. Shellback Capital LP bought a new position in shares of Airbnb during the second quarter worth $22,744,000. Finally, Bradley Foster & Sargent Inc. CT grew its stake in Airbnb by 1,231.3% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 20,741 shares of the company’s stock valued at $3,145,000 after acquiring an additional 19,183 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ABNB has been the topic of several research analyst reports. Wedbush boosted their price target on shares of Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Citigroup boosted their target price on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. DA Davidson raised their price target on Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Bank of America upped their price objective on Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Finally, Benchmark reissued a “buy” rating and issued a $155.00 target price on shares of Airbnb in a report on Friday, November 8th. Six analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $139.48.

Airbnb Price Performance

Airbnb stock opened at $135.20 on Tuesday. The stock has a market cap of $85.71 billion, a price-to-earnings ratio of 47.44, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. The firm has a 50-day moving average of $135.44 and a two-hundred day moving average of $133.09. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter in the previous year, the firm posted $2.39 EPS. On average, research analysts forecast that Airbnb, Inc. will post 3.99 earnings per share for the current year.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $133.51, for a total value of $80,106.00. Following the transaction, the chief technology officer now directly owns 193,444 shares in the company, valued at approximately $25,826,708.44. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 38,460 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $133.97, for a total value of $5,152,486.20. Following the sale, the chief executive officer now owns 13,200,529 shares of the company’s stock, valued at $1,768,474,870.13. This trade represents a 0.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 695,361 shares of company stock worth $92,728,581. Company insiders own 27.83% of the company’s stock.

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.