Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lifted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,352 shares of the company’s stock after acquiring an additional 630 shares during the period. Kestra Private Wealth Services LLC’s holdings in Airbnb were worth $2,280,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new stake in shares of Airbnb during the third quarter worth $25,000. Golden State Wealth Management LLC bought a new stake in shares of Airbnb during the 4th quarter valued at about $25,000. Hollencrest Capital Management raised its stake in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the period. Berbice Capital Management LLC bought a new position in Airbnb in the fourth quarter worth about $26,000. Finally, Ashton Thomas Securities LLC bought a new position in Airbnb in the third quarter worth about $30,000. 80.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ABNB shares. Bank of America increased their price target on Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Jefferies Financial Group increased their target price on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. JMP Securities reissued a “market perform” rating on shares of Airbnb in a report on Monday, December 16th. JPMorgan Chase & Co. increased their price objective on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Citigroup boosted their target price 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 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 data from MarketBeat, Airbnb presently has an average rating of “Hold” and an average price target of $139.63.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $134.52 on Wednesday. The stock’s fifty day simple moving average is $132.87 and its 200 day simple moving average is $129.87. The stock has a market capitalization of $85.28 billion, a price-to-earnings ratio of 47.20, a PEG ratio of 1.88 and a beta of 1.12. 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, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10.

Insider Activity at Airbnb

In related news, Director Joseph Gebbia sold 214,285 shares of the company’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 value of $28,088,477.80. Following the completion of the sale, the director now owns 10,321 shares in the company, valued at approximately $1,352,876.68. This represents a 95.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $129.58, for a total transaction of $809,875.00. Following the completion of the transaction, the chief financial officer now directly owns 484,988 shares of the company’s stock, valued at $62,844,745.04. This represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,417,704 shares of company stock worth $187,654,829 in the last quarter. 27.83% of the stock is owned by company insiders.

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.