Gemmer Asset Management LLC bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,100 shares of the company’s stock, valued at approximately $161,000.
Several other hedge funds also recently made changes to their positions in the stock. Perigon Wealth Management LLC bought a new stake in shares of Airbnb during the 4th quarter worth about $207,000. Robeco Institutional Asset Management B.V. bought a new stake in Airbnb in the 4th quarter valued at about $2,936,000. Usca Ria LLC acquired a new position in shares of Airbnb in the 4th quarter valued at approximately $374,000. GWM Advisors LLC acquired a new position in shares of Airbnb in the 4th quarter valued at approximately $278,000. Finally, CWM LLC acquired a new position in Airbnb during the 4th quarter worth approximately $65,000.
A number of research firms have weighed in on ABNB. Truist assumed coverage on shares of Airbnb in a research note on Friday, January 15th. They issued a “hold” rating and a $154.00 price objective on the stock. Mizuho began coverage on shares of Airbnb in a research report on Monday, January 4th. They issued a “neutral” rating and a $150.00 price objective for the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on shares of Airbnb in a research report on Tuesday, January 5th. They set a “neutral” rating and a $165.00 target price for the company. Robert W. Baird lifted their price target on shares of Airbnb from $175.00 to $195.00 in a research note on Friday. Finally, KeyCorp started coverage on shares of Airbnb in a research report on Monday, January 4th. They set a “sector weight” rating on the stock. Two investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $152.04.
NASDAQ ABNB traded down $3.74 during trading hours on Friday, hitting $183.63. 4,529,815 shares of the company were exchanged, compared to its average volume of 7,483,158. The company’s 50 day simple moving average is $158.07. Airbnb, Inc. has a 52-week low of $121.50 and a 52-week high of $216.00.
About Airbnb
Airbnb, Inc operates a platform for stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms and luxury villas. The company was formerly known as AirBed & Breakfast, Inc and changed its name to Airbnb, Inc in November 2010.
Featured Article: How is a management fee different from a performance fee?
Want to see what other hedge funds are holding ABNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Airbnb, Inc. (NASDAQ:ABNB).