Wealthcare Advisory Partners LLC Has $897,000 Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Wealthcare Advisory Partners LLC lifted its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 50.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,827 shares of the company's stock after purchasing an additional 2,296 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in Airbnb were worth $897,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of ABNB. Northwest Investment Counselors LLC acquired a new position in Airbnb in the third quarter worth about $25,000. Hollencrest Capital Management raised its holdings 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 buying an additional 200 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Airbnb during the 3rd quarter worth approximately $30,000. Quarry LP acquired a new stake in Airbnb in the 3rd quarter valued at $55,000. Finally, CVA Family Office LLC grew its position 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 acquiring an additional 269 shares during the period. 80.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wedbush boosted their target price on shares of Airbnb from $135.00 to $155.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Jefferies Financial Group raised their price objective on shares of Airbnb from $120.00 to $135.00 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price objective on Airbnb from $121.00 to $142.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. TD Cowen upped their target price on shares of Airbnb from $150.00 to $155.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Finally, Phillip Securities reiterated a "reduce" rating and issued a $120.00 price objective on shares of Airbnb in a research report on Tuesday, November 12th. Six analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $139.63.

Airbnb Stock Performance

ABNB stock traded up $2.96 during mid-day trading on Monday, hitting $135.12. 3,740,209 shares of the company were exchanged, compared to its average volume of 3,539,122. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The stock has a market capitalization of $85.66 billion, a PE ratio of 47.41, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13. The business has a 50 day simple moving average of $134.16 and a 200-day simple moving average of $131.81. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings results 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). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the business posted $2.39 earnings per share. On average, equities analysts forecast that Airbnb, Inc. will post 3.99 earnings per share for the current year.

Insider Transactions at Airbnb

In related news, Director Joseph Gebbia sold 214,285 shares of the business's stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $128.95, for a total value of $27,632,050.75. Following the completion of the sale, the director now directly owns 1,071,430 shares in the company, valued at approximately $138,160,898.50. The trade was a 16.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Brian Chesky sold 76,923 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $139.94, for a total value of $10,764,604.62. Following the transaction, the chief executive officer now owns 12,616,300 shares in the company, valued at approximately $1,765,525,022. This trade represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,130,982 shares of company stock valued at $150,523,585. 27.83% of the stock is currently owned by corporate 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.