Kestra Investment Management LLC Invests $59,000 in Airbnb, Inc. (NASDAQ:ABNB)

Kestra Investment Management LLC purchased a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 446 shares of the company’s stock, valued at approximately $59,000.

Several other institutional investors have also added to or reduced their stakes in ABNB. Golden State Wealth Management LLC bought a new position in shares of Airbnb during the 4th quarter valued at approximately $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 valued at $26,000 after purchasing an additional 200 shares in the last quarter. Berbice Capital Management LLC bought a new position in Airbnb during the fourth quarter valued at $26,000. Ashton Thomas Securities LLC purchased a new position in shares of Airbnb in the 3rd quarter worth $30,000. Finally, Quarry LP purchased a new position in shares of Airbnb in the 3rd quarter worth $55,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

ABNB has been the subject of a number of analyst reports. UBS Group increased their price target on shares of Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Baird R W raised Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Argus raised Airbnb from a “hold” rating to a “buy” rating in a research report on Wednesday. JMP Securities restated a “market perform” rating on shares of Airbnb in a research report on Friday, February 14th. Finally, Truist Financial dropped their price objective on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research note on Wednesday, December 4th. Five research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $147.00.

Airbnb Trading Down 5.9 %

Shares of NASDAQ ABNB opened at $146.07 on Friday. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The business has a fifty day moving average price of $135.45 and a 200 day moving average price of $130.96. The stock has a market capitalization of $92.60 billion, a P/E 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 current ratio of 1.69 and a quick ratio of 1.69.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Equities research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Buying and Selling at Airbnb

In related news, CAO David C. Bernstein sold 1,000 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the transaction, the chief accounting officer now directly owns 40,581 shares of the company’s stock, valued at $5,559,597. This represents a 2.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Brian Chesky sold 76,923 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $139.94, for a total value of $10,764,604.62. Following the completion of the sale, the chief executive officer now directly owns 12,616,300 shares of the company’s stock, valued at approximately $1,765,525,022. This represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,950,540 shares of company stock worth $275,598,944 over the last three months. Corporate insiders own 27.83% of the company’s stock.

About Airbnb

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.