Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Independent Advisor Alliance

Independent Advisor Alliance grew its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 38.8% during the fourth quarter, Holdings Channel reports. The firm owned 7,461 shares of the company’s stock after purchasing an additional 2,084 shares during the period. Independent Advisor Alliance’s holdings in Airbnb were worth $980,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Verde Capital Management raised its holdings in Airbnb by 25.3% during the fourth quarter. Verde Capital Management now owns 21,118 shares of the company’s stock worth $2,775,000 after purchasing an additional 4,269 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Airbnb during the third quarter worth approximately $34,982,000. Tri Ri Asset Management Corp acquired a new stake in Airbnb during the third quarter worth approximately $6,352,000. Baltimore Washington Financial Advisors Inc. raised its holdings in Airbnb by 14.8% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock worth $6,498,000 after purchasing an additional 6,357 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Airbnb by 40.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock worth $90,123,000 after purchasing an additional 197,558 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ABNB. Robert W. Baird upgraded shares of Airbnb from a “neutral” rating to an “outperform” rating and upped their price target for the company from $140.00 to $175.00 in a research report on Friday, February 14th. Morgan Stanley upped their price target on shares of Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research report on Monday, January 13th. Evercore ISI upped their price target on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research report on Wednesday, January 15th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research report on Friday, February 14th. Finally, DA Davidson upped their price target on shares of Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $148.15.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 230,772 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $161.16, for a total value of $37,191,215.52. Following the transaction, the chief executive officer now directly owns 12,000,913 shares in the company, valued at approximately $1,934,067,139.08. This represents a 1.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $130.18, for a total transaction of $91,126.00. Following the completion of the transaction, the chief technology officer now owns 172,119 shares in the company, valued at approximately $22,406,451.42. This trade represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,269,494 shares of company stock worth $318,203,453. Corporate insiders own 27.83% of the company’s stock.

Airbnb Price Performance

Airbnb stock opened at $122.86 on Friday. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm’s 50-day simple moving average is $136.23 and its 200 day simple moving average is $132.96. The firm has a market capitalization of $77.47 billion, a PE ratio of 29.75, a P/E/G ratio of 3.52 and a beta of 1.10.

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

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.