World Equity Group Inc. Invests $224,000 in Airbnb, Inc. (NASDAQ:ABNB)

World Equity Group Inc. acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,703 shares of the company’s stock, valued at approximately $224,000.

Several other large investors have also modified their holdings of ABNB. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb in the fourth quarter worth $25,000. Hollencrest Capital Management boosted its position in shares of 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 buying an additional 200 shares during the period. Berbice Capital Management LLC acquired a new stake in shares of Airbnb in the fourth quarter worth $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Airbnb in the third quarter worth $30,000. Finally, Cromwell Holdings LLC boosted its position in shares of Airbnb by 82.5% in the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after buying an additional 170 shares during the period. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Down 0.9 %

ABNB stock opened at $144.82 on Tuesday. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a market cap of $91.31 billion, a PE ratio of 35.07, a price-to-earnings-growth ratio of 3.74 and a beta of 1.12. The business’s 50-day simple moving average is $135.71 and its 200 day simple moving average is $131.30. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share 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%. On average, research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ABNB shares. TD Cowen raised their target price on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Truist Financial decreased their target price on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. The Goldman Sachs Group upgraded Airbnb from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $110.00 to $153.00 in a report on Friday, February 14th. Wedbush reiterated an “outperform” rating and set a $155.00 price objective on shares of Airbnb in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. increased their price objective on Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Five investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $146.48.

Insider Buying and Selling

In related news, Director Joseph Gebbia sold 19,448 shares of Airbnb stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $137.14, for a total transaction of $2,667,098.72. Following the sale, the director now directly owns 2,509 shares of the company’s stock, valued at $344,084.26. This trade represents a 88.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nathan Blecharczyk sold 2,712 shares of Airbnb stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $156.32, for a total value of $423,939.84. Following the sale, the insider now directly owns 159,337 shares in the company, valued at $24,907,559.84. The trade was a 1.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,876,329 shares of company stock valued at $265,258,279 over the last three months. 27.83% of the stock is owned by corporate 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.