Mather Group LLC. Invests $220,000 in Airbnb, Inc. (NASDAQ:ABNB)

Mather Group LLC. bought a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 1,619 shares of the company’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ABNB. CVA Family Office LLC bought a new stake in shares of Airbnb in the 4th quarter valued at approximately $26,000. Orion Capital Management LLC acquired a new position in Airbnb during the third quarter worth $27,000. Bfsg LLC bought a new position in shares of Airbnb during the fourth quarter valued at $27,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Airbnb in the 4th quarter valued at $30,000. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of Airbnb in the 3rd quarter worth about $39,000. Institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a report on Thursday, April 11th. Piper Sandler lifted their target price on shares of Airbnb from $136.00 to $145.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Bank of America increased their price target on Airbnb from $155.00 to $168.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. UBS Group cut their price objective on Airbnb from $148.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Finally, B. Riley Financial assumed coverage on Airbnb in a report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $149.19.

Airbnb Trading Up 0.9 %

NASDAQ:ABNB opened at $159.71 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66. The business’s 50-day simple moving average is $161.04 and its 200-day simple moving average is $144.28. Airbnb, Inc. has a fifty-two week low of $103.55 and a fifty-two week high of $170.10. The stock has a market capitalization of $103.34 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 2.07 and a beta of 1.24.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Sell-side analysts expect that Airbnb, Inc. will post 4.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Airbnb

In other news, CFO Elinor Mertz sold 9,196 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $156.76, for a total transaction of $1,441,564.96. Following the completion of the transaction, the chief financial officer now directly owns 535,530 shares of the company’s stock, valued at $83,949,682.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Airbnb news, CFO Elinor Mertz sold 9,196 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was 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 owns 535,530 shares in the company, valued at approximately $83,949,682.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 75,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief technology officer now directly owns 146,131 shares of the company’s stock, valued at $22,695,605.61. The disclosure for this sale can be found here. Insiders have sold 396,874 shares of company stock valued at $63,712,671 in the last 90 days. 27.83% of the stock is currently owned by company insiders.

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.