Savant Capital LLC Purchases 38,893 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Savant Capital LLC increased its position in Airbnb, Inc. (NASDAQ:ABNB) by 1,957.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,880 shares of the company’s stock after acquiring an additional 38,893 shares during the quarter. Savant Capital LLC’s holdings in Airbnb were worth $5,372,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Burns Matteson Capital Management LLC boosted its position in shares of Airbnb by 14.5% in the fourth quarter. Burns Matteson Capital Management LLC now owns 2,451 shares of the company’s stock valued at $322,000 after acquiring an additional 311 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in Airbnb in the fourth quarter valued at approximately $668,000. Kestra Private Wealth Services LLC raised its stake in Airbnb by 3.8% in the fourth quarter. Kestra Private Wealth Services LLC now owns 17,352 shares of the company’s stock valued at $2,280,000 after purchasing an additional 630 shares in the last quarter. Quotient Wealth Partners LLC purchased a new stake in Airbnb in the fourth quarter valued at approximately $204,000. Finally, Birch Hill Investment Advisors LLC purchased a new stake in Airbnb in the fourth quarter valued at approximately $849,000. 80.76% of the stock is currently owned by institutional investors.

Insider Activity at Airbnb

In related news, insider Nathan Blecharczyk sold 9,603 shares of Airbnb stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the sale, the insider now owns 164,850 shares in the company, valued at $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO David C. Bernstein sold 1,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $137.00, for a total transaction of $137,000.00. Following 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 disclosure for this sale can be found here. Insiders have sold a total of 1,417,704 shares of company stock worth $187,654,829 over the last quarter. Corporate insiders own 27.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. UBS Group raised their target price on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. DA Davidson raised their target price on shares of Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Evercore ISI raised their target price on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. Truist Financial lowered their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research note on Wednesday, December 4th. Finally, Wedbush reissued an “outperform” rating and set a $155.00 price target on shares of Airbnb in a research note on Tuesday, February 4th. Six investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $139.63.

Airbnb Stock Performance

NASDAQ:ABNB opened at $135.24 on Tuesday. The stock has a market cap of $85.74 billion, a P/E ratio of 47.45, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12. The firm’s fifty day simple moving average is $132.93 and its 200 day simple moving average is $129.91. Airbnb, Inc. has a twelve month low of $110.38 and a twelve 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 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.