Wealthfront Advisers LLC Purchases 39,347 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Wealthfront Advisers LLC increased its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 351.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,544 shares of the company's stock after buying an additional 39,347 shares during the quarter. Wealthfront Advisers LLC's holdings in Airbnb were worth $6,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. CAP Partners LLC increased its stake in Airbnb by 3.6% in the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company's stock worth $293,000 after purchasing an additional 77 shares during the period. Lindbrook Capital LLC increased its stake in Airbnb by 1.4% in 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 during the period. Manchester Capital Management LLC increased its stake in shares of Airbnb by 18.2% during the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company's stock valued at $69,000 after buying an additional 81 shares during the period. Salvus Wealth Management LLC increased its stake 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 valued at $455,000 after buying an additional 84 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in shares of Airbnb by 19.3% during the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company's stock valued at $74,000 after buying an additional 94 shares during the period. Institutional investors own 80.76% of the company's stock.

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Airbnb Stock Performance

ABNB traded down $7.17 during midday trading on Thursday, reaching $119.38. The company had a trading volume of 7,658,301 shares, compared to its average volume of 4,418,715. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average of $136.49 and a two-hundred day moving average of $132.80. The company has a market cap of $75.27 billion, a P/E ratio of 28.91, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping 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%. As a group, equities research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.80, for a total transaction of $27,171,338.00. Following the completion of the sale, the director now owns 214,290 shares in the company, valued at approximately $27,171,972. This trade represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 20,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $131.87, for a total value of $2,637,400.00. Following the sale, the chief technology officer now owns 185,414 shares of the company's stock, valued at $24,450,544.18. This represents a 9.74 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,269,494 shares of company stock worth $318,203,453. 27.83% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ABNB shares. B. Riley boosted their target price on Airbnb from $131.00 to $145.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. Jefferies Financial Group raised Airbnb from a "hold" rating to a "buy" rating and boosted their target price for the company from $165.00 to $185.00 in a research note on Monday. Argus raised Airbnb from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. JMP Securities reissued a "market perform" rating on shares of Airbnb in a report on Friday, February 14th. Finally, Wedbush reissued an "outperform" rating and issued a $155.00 target price on shares of Airbnb in a report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Airbnb currently has a consensus rating of "Hold" and a consensus price target of $148.00.

Airbnb 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.