SYM FINANCIAL Corp Invests $451,000 in Airbnb, Inc. (NASDAQ:ABNB)

SYM FINANCIAL Corp acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,434 shares of the company's stock, valued at approximately $451,000.

A number of other large investors have also made changes to their positions in the company. Algert Global LLC bought a new stake in shares of Airbnb in the second quarter worth about $374,000. Sanctuary Advisors LLC bought a new stake in Airbnb during the 2nd quarter worth approximately $7,342,000. Centaurus Financial Inc. raised its holdings in Airbnb by 111.4% during the 2nd quarter. Centaurus Financial Inc. now owns 6,948 shares of the company's stock worth $1,054,000 after buying an additional 3,661 shares during the period. Czech National Bank lifted its stake in Airbnb by 6.5% in the third quarter. Czech National Bank now owns 89,633 shares of the company's stock valued at $11,366,000 after buying an additional 5,501 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Airbnb by 39.2% in the third quarter. SG Americas Securities LLC now owns 31,125 shares of the company's stock valued at $3,947,000 after buying an additional 8,762 shares in the last quarter. Institutional investors own 80.76% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Benchmark restated a "buy" rating and set a $155.00 price objective on shares of Airbnb in a report on Friday, November 8th. Cantor Fitzgerald reiterated an "underweight" rating and set a $94.00 target price on shares of Airbnb in a report on Monday, October 7th. Wedbush boosted their price target on Airbnb from $135.00 to $155.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Jefferies Financial Group increased their price objective on Airbnb from $120.00 to $135.00 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley lifted their target price on Airbnb from $115.00 to $125.00 and gave the company an "underweight" rating in a research report on Monday, January 13th. Six analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $139.63.

Insider Activity

In related news, insider Nathan Blecharczyk sold 9,603 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the sale, the insider now directly owns 164,850 shares in the company, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total value of $28,088,477.80. Following the sale, the director now directly owns 10,321 shares in the company, valued at $1,352,876.68. This represents a 95.40 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,372,293 shares of company stock valued at $181,759,318. 27.83% of the stock is owned by company insiders.

Airbnb Trading Down 0.5 %

Shares of ABNB stock opened at $131.17 on Friday. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The firm has a 50 day moving average price of $133.69 and a two-hundred day moving average price of $130.63. 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 company has a market capitalization of $83.16 billion, a PE ratio of 46.02, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the business posted $2.39 earnings per share. As a group, analysts predict that Airbnb, Inc. will post 3.98 earnings per share for the current year.

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.

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