Three Seasons Wealth LLC Invests $1.13 Million in Airbnb, Inc. (NASDAQ:ABNB)

Three Seasons Wealth LLC purchased a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 8,614 shares of the company's stock, valued at approximately $1,132,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. CAP Partners LLC lifted its holdings in shares of Airbnb by 3.6% during the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company's stock worth $293,000 after acquiring an additional 77 shares during the period. Lindbrook Capital LLC increased its position in Airbnb by 1.4% during the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company's stock worth $728,000 after purchasing an additional 78 shares in the last quarter. Manchester Capital Management LLC increased its position in Airbnb by 18.2% during the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company's stock worth $69,000 after purchasing an additional 81 shares in the last quarter. Salvus Wealth Management LLC increased its position in Airbnb by 2.5% during the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company's stock worth $455,000 after purchasing an additional 84 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its position in Airbnb by 7.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,337 shares of the company's stock worth $176,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 80.76% of the company's stock.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the business's stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $114.22, for a total transaction of $24,475,632.70. Following the completion of the sale, the director now directly owns 2,080,585 shares of the company's stock, valued at approximately $237,644,418.70. The trade was a 9.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the business's stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $112.59, for a total value of $78,813.00. Following the sale, the chief technology officer now directly owns 222,122 shares of the company's stock, valued at $25,008,715.98. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,213,131 shares of company stock worth $300,179,370. Insiders own 27.83% of the company's stock.

Wall Street Analyst Weigh In

ABNB has been the subject of a number of research analyst reports. Truist Financial lowered their price objective on shares of Airbnb from $123.00 to $112.00 and set a "hold" rating for the company in a research report on Friday, March 21st. The Goldman Sachs Group upgraded shares of Airbnb from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $110.00 to $153.00 in a research report on Friday, February 14th. Canaccord Genuity Group lowered their price objective on shares of Airbnb from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Monday. Baird R W upgraded shares of Airbnb from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Finally, DA Davidson upped their price target on shares of Airbnb from $131.00 to $170.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $146.06.

Airbnb Stock Up 0.6 %

NASDAQ ABNB traded up $0.79 on Monday, hitting $123.30. 5,608,284 shares of the company were exchanged, compared to its average volume of 4,803,556. The company has a market cap of $77.75 billion, a PE ratio of 29.85, a PEG ratio of 3.52 and a beta of 1.15. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $165.50. The stock has a fifty day moving average of $125.67 and a 200-day moving average of $131.90. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, analysts forecast 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.