Sowell Financial Services LLC Has $2.10 Million Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Sowell Financial Services LLC lifted its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 37.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,013 shares of the company's stock after buying an additional 4,369 shares during the quarter. Sowell Financial Services LLC's holdings in Airbnb were worth $2,104,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. CAP Partners LLC lifted its holdings in shares of Airbnb by 3.6% during the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company's stock worth $293,000 after buying an additional 77 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in shares of Airbnb by 1.4% during the fourth quarter. Lindbrook Capital LLC now owns 5,540 shares of the company's stock worth $728,000 after buying an additional 78 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in shares of Airbnb by 18.2% during the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company's stock worth $69,000 after buying an additional 81 shares in the last quarter. Salvus Wealth Management LLC lifted its holdings in shares of Airbnb by 2.5% during the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company's stock worth $455,000 after buying an additional 84 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Airbnb by 19.3% during the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company's stock worth $74,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $140.10, for a total transaction of $98,070.00. Following the transaction, the chief technology officer now directly owns 172,819 shares in the company, valued at approximately $24,211,941.90. This represents a 0.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nathan Blecharczyk sold 183,078 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the transaction, the insider now owns 164,850 shares in the company, valued at $26,046,300. The trade was a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,054,509 shares of company stock worth $290,940,989. Corporate insiders own 27.83% of the company's stock.

Airbnb Stock Performance

Shares of ABNB stock opened at $134.39 on Monday. The business's 50 day simple moving average is $136.94 and its 200 day simple moving average is $132.76. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The stock has a market capitalization of $84.74 billion, a PE ratio of 32.54, a PEG ratio of 3.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on ABNB. B. Riley raised their price target on Airbnb from $131.00 to $145.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Robert W. Baird upgraded Airbnb from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $140.00 to $175.00 in a research report on Friday, February 14th. Bank of America raised their price target on Airbnb from $154.00 to $159.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. Citigroup raised their price target on Airbnb from $135.00 to $158.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Finally, Truist Financial decreased their price target on Airbnb from $124.00 to $123.00 and set a "hold" rating on the stock in a research report on Wednesday, December 4th. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $146.48.

Airbnb Company 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.

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