Assetmark Inc. raised its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 7.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,691 shares of the company's stock after buying an additional 3,697 shares during the period. Assetmark Inc.'s holdings in Airbnb were worth $7,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new stake in shares of Airbnb in the 4th quarter worth approximately $25,000. Berbice Capital Management LLC purchased a new stake in shares of Airbnb in the 4th quarter worth approximately $26,000. Hollencrest Capital Management lifted its position in shares of Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company's stock worth $26,000 after purchasing an additional 200 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Airbnb in the 3rd quarter worth approximately $30,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Airbnb in the 4th quarter worth approximately $44,000. 80.76% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
ABNB has been the subject of several recent analyst reports. Benchmark boosted their price objective on shares of Airbnb from $150.00 to $178.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Evercore ISI boosted their price objective on shares of Airbnb to $155.00 and gave the stock a "hold" rating in a research note on Wednesday, January 15th. Bank of America boosted their price objective on shares of Airbnb from $154.00 to $159.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 18th. Barclays boosted their price objective on shares of Airbnb from $110.00 to $120.00 and gave the stock an "underweight" rating in a research note on Friday, February 14th. Finally, Baird R W upgraded shares of Airbnb from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $146.48.
Read Our Latest Stock Analysis on Airbnb
Airbnb Stock Performance
NASDAQ ABNB traded down $0.38 during mid-day trading on Friday, reaching $134.39. 5,616,596 shares of the stock were exchanged, compared to its average volume of 4,386,382. The business's 50 day moving average is $136.94 and its 200-day moving average is $132.66. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a market capitalization of $84.74 billion, a P/E ratio of 32.54, a P/E/G ratio of 3.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.
Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. On average, equities research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.
Insider Buying and Selling at Airbnb
In other Airbnb news, CAO David C. Bernstein sold 1,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $137.00, for a total transaction of $137,000.00. Following the transaction, the chief accounting officer now directly owns 40,581 shares of the company's stock, valued at $5,559,597. This trade represents a 2.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 183,078 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the transaction, the insider now directly owns 164,850 shares in the company, valued at approximately $26,046,300. The trade was a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,093,970 shares of company stock valued at $296,365,992 over the last ninety days. Corporate insiders own 27.83% of the company's stock.
Airbnb Profile
(
Free Report)
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.
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