Trajan Wealth LLC Buys 3,402 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Trajan Wealth LLC raised its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 85,924 shares of the company's stock after acquiring an additional 3,402 shares during the quarter. Trajan Wealth LLC's holdings in Airbnb were worth $11,291,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ABNB. Norges Bank bought a new position in Airbnb in the 4th quarter worth $433,374,000. Clearbridge Investments LLC grew its stake in shares of Airbnb by 147.3% during the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock valued at $571,505,000 after acquiring an additional 2,590,475 shares during the period. Principal Financial Group Inc. increased its holdings in Airbnb by 174.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company's stock worth $245,268,000 after acquiring an additional 1,185,892 shares in the last quarter. Parnassus Investments LLC raised its stake in Airbnb by 8,324.9% during the 4th quarter. Parnassus Investments LLC now owns 655,539 shares of the company's stock worth $86,144,000 after acquiring an additional 647,758 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Airbnb by 15.5% during the fourth quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company's stock valued at $548,683,000 after purchasing an additional 558,856 shares in the last quarter. Institutional investors own 80.76% of the company's stock.

Insider Buying and Selling

In other news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total transaction 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 represents a 0.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the company's stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $108.76, for a total value of $23,305,636.60. Following the sale, the director now directly owns 2,294,870 shares of the company's stock, valued at approximately $249,590,061.20. This represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,213,131 shares of company stock valued at $300,179,370 over the last quarter. Corporate insiders own 27.83% of the company's stock.

Airbnb Stock Up 2.9 %

ABNB stock traded up $3.43 during midday trading on Thursday, hitting $121.71. 3,687,960 shares of the company's stock were exchanged, compared to its average volume of 4,786,660. The firm has a 50 day moving average price of $127.22 and a 200-day moving average price of $132.06. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $166.74. The stock has a market capitalization of $76.74 billion, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. 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 announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share 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%. On average, analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Truist Financial decreased their target price on Airbnb from $123.00 to $112.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. Gordon Haskett raised shares of Airbnb from a "sell" rating to a "hold" rating and set a $143.00 target price on the stock in a report on Friday, February 14th. Canaccord Genuity Group upped their target price on shares of Airbnb from $165.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Morgan Stanley lifted their price target on shares of Airbnb from $125.00 to $130.00 and gave the company an "underweight" rating in a report on Thursday, April 17th. Finally, HSBC raised shares of Airbnb from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $146.94.

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.