Cherrydale Wealth Management LLC Buys Shares of 2,908 Airbnb, Inc. (NASDAQ:ABNB)

Cherrydale Wealth Management LLC purchased a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,908 shares of the company's stock, valued at approximately $382,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Arkadios Wealth Advisors increased its stake in shares of Airbnb by 8.2% during the fourth quarter. Arkadios Wealth Advisors now owns 2,967 shares of the company's stock valued at $390,000 after buying an additional 225 shares during the period. Albert D Mason Inc. lifted its holdings in shares of Airbnb by 3.5% during the fourth quarter. Albert D Mason Inc. now owns 3,157 shares of the company's stock valued at $415,000 after purchasing an additional 106 shares during the last quarter. Trinity Street Asset Management LLP grew its stake in shares of Airbnb by 12.2% in the 4th quarter. Trinity Street Asset Management LLP now owns 187,762 shares of the company's stock worth $24,674,000 after buying an additional 20,384 shares during the last quarter. Merit Financial Group LLC bought a new position in Airbnb during the 4th quarter valued at approximately $1,330,000. Finally, Chemistry Wealth Management LLC grew its stake in shares of Airbnb by 43.1% in the fourth quarter. Chemistry Wealth Management LLC now owns 3,807 shares of the company's stock worth $500,000 after acquiring an additional 1,147 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Insider Transactions at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $128.95, for a total transaction of $27,632,050.75. Following the completion of the transaction, the director now owns 1,071,430 shares of the company's stock, valued at $138,160,898.50. This represents a 16.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the firm's stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $136.11, for a total value of $81,666.00. Following the completion of the transaction, the chief technology officer now owns 192,844 shares in the company, valued at $26,247,996.84. The trade was a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,130,982 shares of company stock worth $150,523,585 over the last quarter. 27.83% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ABNB. JPMorgan Chase & Co. raised their price objective on shares of Airbnb from $121.00 to $142.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Cantor Fitzgerald restated an "underweight" rating and set a $94.00 target price on shares of Airbnb in a research note on Monday, October 7th. Raymond James started coverage on shares of Airbnb in a research note on Friday, September 27th. They issued a "market perform" rating and a $134.00 price target for the company. Phillip Securities reiterated a "reduce" rating and issued a $120.00 price target on shares of Airbnb in a research report on Tuesday, November 12th. Finally, Bank of America lifted their price objective on Airbnb from $154.00 to $159.00 and gave the company a "neutral" rating in a research report on Wednesday, December 18th. Six analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $139.63.

Airbnb Stock Performance

Shares of NASDAQ:ABNB traded up $2.96 during trading on Friday, hitting $135.12. The stock had a trading volume of 3,740,209 shares, compared to its average volume of 3,539,122. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $85.66 billion, a price-to-earnings ratio of 47.41, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13. The stock has a 50-day simple moving average of $134.16 and a two-hundred day simple moving average of $131.95.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $3.73 billion for the quarter, compared to analysts' expectations of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period last year, the business earned $2.39 EPS. On average, equities research analysts expect that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

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.