Callan Family Office LLC Takes $755,000 Position in Airbnb, Inc. (NASDAQ:ABNB)

Callan Family Office LLC bought a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,742 shares of the company's stock, valued at approximately $755,000.

Several other large investors have also modified their holdings of the stock. Golden State Wealth Management LLC acquired a new stake in Airbnb during the 4th quarter worth $25,000. Berbice Capital Management LLC acquired a new stake in Airbnb during the 4th quarter worth $26,000. Hollencrest Capital Management boosted its stake in Airbnb by 6,666.7% during 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 acquired a new stake in Airbnb during the 3rd quarter worth $30,000. Finally, Whipplewood Advisors LLC acquired a new stake in Airbnb during the 4th quarter worth $44,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Robert W. Baird upgraded shares of Airbnb from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $140.00 to $175.00 in a research note on Friday, February 14th. Citigroup increased their price target on shares of Airbnb from $135.00 to $158.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. B. Riley increased their price target on shares of Airbnb from $131.00 to $145.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. UBS Group upped their price objective on shares of Airbnb from $143.00 to $160.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Finally, Needham & Company LLC restated a "hold" rating on shares of Airbnb in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $146.48.

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Airbnb Trading Down 0.3 %

Shares of Airbnb stock traded down $0.38 during mid-day trading on Friday, hitting $134.39. 5,616,596 shares of the stock were exchanged, compared to its average volume of 4,386,382. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The stock has a market capitalization of $84.74 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. The company has a 50-day simple moving average of $136.94 and a 200 day simple moving average of $132.76. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Buying and Selling

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $140.10, for a total transaction of $875,625.00. Following the transaction, the chief financial officer now directly owns 449,463 shares of the company's stock, valued at $62,969,766.30. The trade was a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 20,000 shares of Airbnb stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $131.87, for a total transaction of $2,637,400.00. Following the transaction, the chief technology officer now directly owns 185,414 shares in the company, valued at approximately $24,450,544.18. This trade represents a 9.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,093,970 shares of company stock valued at $296,365,992. Insiders own 27.83% of the company's stock.

Airbnb Profile

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.