RFG Advisory LLC Increases Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

RFG Advisory LLC raised its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 47.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,617 shares of the company's stock after acquiring an additional 2,123 shares during the period. RFG Advisory LLC's holdings in Airbnb were worth $870,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ABNB. Salvus Wealth Management LLC boosted its stake in Airbnb by 2.5% in the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company's stock worth $455,000 after purchasing an additional 84 shares in the last quarter. Koshinski Asset Management Inc. raised its holdings in shares of Airbnb by 3.8% in the third quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company's stock worth $292,000 after buying an additional 85 shares during the last quarter. Lazari Capital Management Inc. lifted its stake in shares of Airbnb by 3.6% during the second quarter. Lazari Capital Management Inc. now owns 2,517 shares of the company's stock worth $382,000 after buying an additional 88 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of Airbnb by 19.3% during the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company's stock valued at $74,000 after buying an additional 94 shares during the last quarter. Finally, Kingsview Wealth Management LLC increased its position in shares of Airbnb by 2.7% in the 3rd quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company's stock valued at $468,000 after acquiring an additional 97 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Airbnb news, insider Nathan Blecharczyk sold 9,603 shares of the business's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the transaction, the insider now directly owns 164,850 shares in the company, valued at $21,466,767. The trade was a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Joseph Gebbia sold 11,635 shares of the firm's stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the sale, the director now owns 16,472 shares of the company's stock, valued at $2,259,958.40. This represents a 41.40 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,169,543 shares of company stock valued at $155,659,368. Insiders own 27.83% of the company's stock.

Analysts Set New Price Targets

ABNB has been the subject of a number of research reports. Susquehanna lifted their price target on Airbnb from $130.00 to $160.00 and gave the stock a "positive" rating in a research report on Monday, November 11th. Evercore ISI lifted their target price on Airbnb to $155.00 and gave the stock a "hold" rating in a report on Wednesday, January 15th. Truist Financial cut their price target on shares of Airbnb from $124.00 to $123.00 and set a "hold" rating on the stock in a report on Wednesday, December 4th. JMP Securities restated a "market perform" rating on shares of Airbnb in a research note on Monday, December 16th. Finally, TD Cowen increased their price objective on shares of Airbnb from $150.00 to $155.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Six analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $139.63.

Airbnb Price Performance

Shares of NASDAQ ABNB traded up $1.87 during mid-day trading on Monday, reaching $128.96. The company's stock had a trading volume of 4,805,484 shares, compared to its average volume of 4,142,012. The stock has a market capitalization of $81.76 billion, a P/E ratio of 45.25, a P/E/G ratio of 1.80 and a beta of 1.13. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The stock has a 50-day moving average of $133.97 and a two-hundred day moving average of $131.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts' consensus estimates of $2.17 by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to analyst estimates 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 company posted $2.39 EPS. On average, equities research analysts anticipate that Airbnb, Inc. will post 3.98 EPS for the current fiscal year.

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.