Whitaker Myers Wealth Managers LTD. purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,046 shares of the company's stock, valued at approximately $269,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new stake in Airbnb in the 3rd quarter valued at $25,000. Hollencrest Capital Management raised its position in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company's stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Airbnb in the 3rd quarter valued at $30,000. Quarry LP purchased a new stake in Airbnb in the 3rd quarter valued at $55,000. Finally, CVA Family Office LLC raised its position in Airbnb by 131.2% in the 3rd quarter. CVA Family Office LLC now owns 474 shares of the company's stock valued at $60,000 after purchasing an additional 269 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.
Wall Street Analysts Forecast Growth
ABNB has been the subject of a number of analyst reports. Morgan Stanley upped their price objective on shares of Airbnb from $115.00 to $125.00 and gave the stock an "underweight" rating in a research report on Monday, January 13th. JPMorgan Chase & Co. upped their price objective on shares of Airbnb from $121.00 to $142.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Wedbush upped their price target on shares of Airbnb from $135.00 to $155.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Jefferies Financial Group upped their price target on shares of Airbnb from $120.00 to $135.00 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd. Finally, Citigroup increased their price objective on shares of Airbnb from $135.00 to $158.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Six equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Airbnb has an average rating of "Hold" and an average price target of $139.63.
Read Our Latest Stock Analysis on ABNB
Airbnb Stock Up 2.2 %
Shares of ABNB traded up $2.96 during mid-day trading on Friday, reaching $135.12. 3,740,209 shares of the stock traded hands, compared to its average volume of 3,539,122. The firm has a market cap of $85.66 billion, a price-to-earnings ratio of 47.41, a P/E/G ratio of 1.63 and a beta of 1.13. The stock has a fifty day simple moving average of $134.16 and a 200 day simple moving average of $131.95. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23.
Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.17 by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to analysts' expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter in the prior year, the business earned $2.39 EPS. Sell-side analysts expect that Airbnb, Inc. will post 3.99 EPS for the current fiscal year.
Insider Activity
In other news, Director Joseph Gebbia sold 214,285 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the completion of the sale, the director now owns 10,321 shares of the company's stock, valued at approximately $1,352,876.68. This trade represents a 95.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nathan Blecharczyk sold 9,603 shares of the firm'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 transaction of $1,250,502.66. Following the sale, the insider now directly owns 164,850 shares of the company's stock, valued at $21,466,767. The trade was a 5.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,130,982 shares of company stock worth $150,523,585 over the last 90 days. Company insiders own 27.83% of the company's stock.
Airbnb Profile
(
Free Report)
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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