Kera Capital Partners Inc. Purchases New Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Kera Capital Partners Inc. acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,299 shares of the company’s stock, valued at approximately $302,000.

A number of other institutional investors also recently made changes to their positions in the business. Northwest Investment Counselors LLC bought a new stake in shares of Airbnb in the third quarter worth $25,000. Hollencrest Capital Management raised its stake in shares of Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Airbnb during the third quarter worth about $30,000. Quarry LP acquired a new position in Airbnb in the third quarter worth about $55,000. Finally, CVA Family Office LLC increased its holdings in Airbnb by 131.2% in the third quarter. CVA Family Office LLC now owns 474 shares of the company’s stock valued at $60,000 after buying an additional 269 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Airbnb

In other news, CAO David C. Bernstein sold 1,000 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $137.00, for a total value of $137,000.00. Following the transaction, the chief accounting officer now directly owns 40,581 shares of the company’s stock, valued at approximately $5,559,597. This represents a 2.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $129.82, for a total value of $90,874.00. Following the sale, the chief technology officer now owns 184,014 shares of the company’s stock, valued at approximately $23,888,697.48. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,130,982 shares of company stock valued at $150,523,585. Company insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

Shares of ABNB opened at $135.12 on Friday. The company has a 50-day moving average of $134.16 and a two-hundred day moving average of $132.11. The stock has a market cap of $85.66 billion, a price-to-earnings ratio of 47.41, a PEG ratio of 1.63 and a beta of 1.13. 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, Inc. has a one year low of $110.38 and a one year high of $170.10.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ABNB. Citigroup lifted 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. Morgan Stanley boosted their target price on shares of Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Raymond James started coverage on shares of Airbnb in a research report on Friday, September 27th. They issued a “market perform” rating and a $134.00 price target on the stock. Piper Sandler increased their price objective on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Cantor Fitzgerald restated an “underweight” rating and issued a $94.00 target price on shares of Airbnb in a research note on Monday, October 7th. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $139.63.

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.