U.S. Capital Wealth Advisors LLC Increases Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

U.S. Capital Wealth Advisors LLC lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 385.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,271 shares of the company’s stock after buying an additional 7,363 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Airbnb were worth $1,218,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ABNB. Northwest Investment Counselors LLC purchased a new position in shares of Airbnb during the third quarter valued at approximately $25,000. Hollencrest Capital Management boosted its position in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Berbice Capital Management LLC purchased a new position in Airbnb in the fourth quarter worth $26,000. Ashton Thomas Securities LLC purchased a new position in Airbnb in the third quarter worth $30,000. Finally, Quarry LP purchased a new position in Airbnb in the third quarter worth $55,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Activity at Airbnb

In other Airbnb news, CAO David C. Bernstein sold 1,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $137.00, for a total value of $137,000.00. Following the completion of the sale, the chief accounting officer now owns 40,581 shares in the company, valued at approximately $5,559,597. This trade represents a 2.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nathan Blecharczyk sold 9,603 shares of the 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 owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. This trade represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,372,293 shares of company stock worth $181,759,318 in the last ninety days. 27.83% of the stock is owned by company insiders.

Analyst Ratings Changes

ABNB has been the topic of several research analyst reports. Wedbush reissued an “outperform” rating and issued a $155.00 price objective on shares of Airbnb in a research report on Tuesday. Wells Fargo & Company cut their price objective on Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Phillip Securities reissued a “reduce” rating and issued a $120.00 price objective on shares of Airbnb in a research report on Tuesday, November 12th. Jefferies Financial Group boosted their price objective on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, Robert W. Baird boosted their target price on Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Six research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $139.63.

Airbnb Price Performance

ABNB opened at $130.74 on Wednesday. The stock has a 50-day moving average price of $133.29 and a 200-day moving average price of $130.27. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $82.89 billion, a P/E ratio of 45.87, a PEG ratio of 1.72 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) 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). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the previous year, the company posted $2.39 earnings per share. Equities analysts predict that Airbnb, Inc. will post 3.98 earnings per share for the current fiscal year.

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.