Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Wealth Alliance

Wealth Alliance raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 17.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,496 shares of the company’s stock after acquiring an additional 370 shares during the quarter. Wealth Alliance’s holdings in Airbnb were worth $328,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. LMG Wealth Partners LLC grew its holdings in Airbnb by 1.9% during the 4th quarter. LMG Wealth Partners LLC now owns 20,058 shares of the company’s stock valued at $2,636,000 after purchasing an additional 380 shares in the last quarter. Ieq Capital LLC grew its stake in shares of Airbnb by 103.1% during the fourth quarter. Ieq Capital LLC now owns 188,289 shares of the company’s stock valued at $24,743,000 after acquiring an additional 95,559 shares in the last quarter. Bryn Mawr Capital Management LLC grew its stake in shares of Airbnb by 73.6% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 12,630 shares of the company’s stock valued at $1,660,000 after acquiring an additional 5,356 shares in the last quarter. Laidlaw Wealth Management LLC increased its position in shares of Airbnb by 14.6% during the fourth quarter. Laidlaw Wealth Management LLC now owns 7,279 shares of the company’s stock worth $957,000 after acquiring an additional 929 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in shares of Airbnb by 19.8% in the fourth quarter. Global Retirement Partners LLC now owns 2,128 shares of the company’s stock worth $280,000 after acquiring an additional 351 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Price Performance

Shares of ABNB opened at $146.07 on Friday. The firm has a market capitalization of $92.60 billion, a price-to-earnings ratio of 35.37, a price-to-earnings-growth ratio of 3.81 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The stock’s fifty day moving average is $135.45 and its 200-day moving average is $130.96.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating 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%. Equities analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $161.05, for a total value of $112,735.00. Following the completion of the transaction, the chief technology officer now owns 180,514 shares in the company, valued at $29,071,779.70. This trade represents a 0.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Brian Chesky sold 76,923 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $139.94, for a total value of $10,764,604.62. Following the completion of the transaction, the chief executive officer now owns 12,616,300 shares of the company’s stock, valued at $1,765,525,022. This trade represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,950,540 shares of company stock valued at $275,598,944. Company insiders own 27.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Truist Financial dropped their price objective on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Piper Sandler lifted their price target on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. increased their price objective on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Morgan Stanley boosted their target price 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. Finally, Argus upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus target price of $147.00.

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.