Stifel Financial Corp Purchases 131,821 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Stifel Financial Corp lifted its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 26.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 635,920 shares of the company's stock after buying an additional 131,821 shares during the period. Stifel Financial Corp owned approximately 0.10% of Airbnb worth $83,566,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in shares of Airbnb in the 4th quarter valued at $25,000. Berbice Capital Management LLC purchased a new position in shares of Airbnb during the fourth quarter worth $26,000. Graney & King LLC purchased a new position in shares of Airbnb during the fourth quarter worth $32,000. Whipplewood Advisors LLC acquired a new position in Airbnb during the fourth quarter valued at $44,000. Finally, Cromwell Holdings LLC boosted its holdings in Airbnb by 82.5% in the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock valued at $49,000 after purchasing an additional 170 shares during the last quarter. Institutional investors own 80.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ABNB shares. The Goldman Sachs Group raised Airbnb from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $110.00 to $153.00 in a report on Friday, February 14th. Robert W. Baird lowered their price objective on Airbnb from $175.00 to $160.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 25th. Barclays lifted their target price on shares of Airbnb from $110.00 to $120.00 and gave the company an "underweight" rating in a report on Friday, February 14th. Benchmark increased their price target on shares of Airbnb from $150.00 to $178.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, Evercore ISI raised their price target on shares of Airbnb to $155.00 and gave the company a "hold" rating in a research report on Wednesday, January 15th. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $146.94.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total value of $89,705.00. Following the completion of the sale, the chief technology officer now owns 182,614 shares in the company, valued at approximately $23,401,984.10. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $129.21, for a total value of $27,687,764.85. Following the transaction, the director now directly owns 857,145 shares in the company, valued at approximately $110,751,705.45. The trade was a 20.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,998,146 shares of company stock worth $275,624,925. Company insiders own 27.83% of the company's stock.

Airbnb Stock Up 3.0 %

Shares of NASDAQ ABNB opened at $114.91 on Wednesday. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $166.74. The company has a market capitalization of $72.46 billion, a P/E ratio of 27.82, a P/E/G ratio of 3.52 and a beta of 1.15. The company has a 50 day simple moving average of $128.09 and a 200-day simple moving average of $132.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.