Diversify Wealth Management LLC Grows Position in Airbnb, Inc. (NASDAQ:ABNB)

Diversify Wealth Management LLC raised its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 52.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,682 shares of the company's stock after purchasing an additional 10,861 shares during the period. Diversify Wealth Management LLC's holdings in Airbnb were worth $4,107,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ABNB. Northwest Investment Counselors LLC purchased a new position in Airbnb in the third quarter worth $25,000. Hollencrest Capital Management increased its position in shares of Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company's stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Airbnb in the third quarter worth approximately $30,000. Quarry LP bought a new stake in Airbnb during the 3rd quarter valued at $55,000. Finally, CVA Family Office LLC raised its holdings in Airbnb by 131.2% during the 3rd quarter. CVA Family Office LLC now owns 474 shares of the company's stock valued at $60,000 after buying an additional 269 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ABNB shares. Susquehanna boosted their price objective on shares of Airbnb from $130.00 to $160.00 and gave the company a "positive" rating in a research report on Monday, November 11th. Phillip Securities restated a "reduce" rating and set a $120.00 price target on shares of Airbnb in a report on Tuesday, November 12th. Raymond James began coverage on Airbnb in a report on Friday, September 27th. They issued a "market perform" rating and a $134.00 price objective for the company. Jefferies Financial Group lifted their price objective on Airbnb from $120.00 to $135.00 and gave the stock a "hold" rating in a research report on Tuesday, October 22nd. Finally, Barclays upped their target price on Airbnb from $100.00 to $110.00 and gave the company an "underweight" rating in a report on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $139.63.

Insider Buying and Selling

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the company'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 transaction, the director now directly owns 1,071,430 shares in the company, valued at $138,160,898.50. This represents a 16.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction that occurred 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 sale, the chief accounting officer now owns 40,581 shares in the company, valued at approximately $5,559,597. The trade was a 2.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,130,982 shares of company stock valued at $150,523,585. Company insiders own 27.83% of the company's stock.

Airbnb Stock Performance

Shares of Airbnb stock traded up $2.96 on Monday, hitting $135.12. 3,740,209 shares of the company's stock 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 company has a 50-day simple moving average of $134.16 and a 200-day simple moving average of $131.81. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market capitalization of $85.66 billion, a PE ratio of 47.41, a PEG ratio of 1.63 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts' consensus estimates of $2.17 by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to analysts' expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period in the previous year, the firm earned $2.39 earnings per share. As a group, equities analysts anticipate that Airbnb, Inc. will post 3.99 EPS for the current 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.