28,861 Shares in Airbnb, Inc. (NASDAQ:ABNB) Acquired by Sendero Wealth Management LLC

Sendero Wealth Management LLC purchased a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 28,861 shares of the company's stock, valued at approximately $3,793,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Northwest Investment Counselors LLC acquired a new position in Airbnb during the third quarter valued at approximately $25,000. Hollencrest Capital Management boosted its holdings in shares of 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 buying an additional 200 shares during the period. Ashton Thomas Securities LLC acquired a new position in Airbnb in the 3rd quarter valued at $30,000. Quarry LP acquired a new position in Airbnb in the 3rd quarter valued at $55,000. Finally, CVA Family Office LLC raised its holdings in Airbnb by 131.2% in the 3rd quarter. CVA Family Office LLC now owns 474 shares of the company's stock worth $60,000 after acquiring an additional 269 shares during the period. Institutional investors own 80.76% of the company's stock.

Airbnb Price Performance

Shares of Airbnb stock traded down $0.36 during trading on Thursday, reaching $132.16. The company's stock had a trading volume of 2,904,739 shares, compared to its average volume of 3,635,579. The stock has a 50-day moving average price of $134.45 and a two-hundred day moving average price of $132.22. The stock has a market capitalization of $83.79 billion, a P/E ratio of 46.37, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13. 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, Inc. has a one year low of $110.38 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its earnings results 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). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the prior year, the firm posted $2.39 earnings per share. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 3.99 EPS for the current fiscal year.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 76,923 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the transaction, the chief executive officer now directly owns 12,616,300 shares in the company, valued at approximately $1,765,525,022. This represents a 0.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction that occurred on Monday, December 9th. The stock was 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 of the company's stock, valued at approximately $5,559,597. This represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,130,982 shares of company stock worth $150,523,585. Insiders own 27.83% of the company's stock.

Wall Street Analysts Forecast Growth

ABNB has been the topic of several research analyst reports. Barclays raised their price target on Airbnb from $100.00 to $110.00 and gave the company an "underweight" rating in a research report on Friday, November 8th. Robert W. Baird raised their target price on Airbnb from $120.00 to $140.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Wells Fargo & Company cut their price target on Airbnb from $100.00 to $96.00 and set an "underweight" rating for the company in a report on Thursday. Piper Sandler raised their price objective on shares of Airbnb from $125.00 to $145.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Finally, UBS Group boosted their target price on shares of Airbnb from $134.00 to $144.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $139.63.

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.