SwitchPoint Financial Planning LLC Makes New $422,000 Investment in Airbnb, Inc. (NASDAQ:ABNB)

SwitchPoint Financial Planning LLC purchased a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,213 shares of the company’s stock, valued at approximately $422,000.

Other hedge funds have also recently made changes to their positions in the company. Verde Capital Management increased its stake in Airbnb by 25.3% in the 4th 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 during the period. Tri Ri Asset Management Corp purchased a new position in shares of Airbnb in the third quarter worth $6,352,000. Baltimore Washington Financial Advisors Inc. raised its holdings in Airbnb by 14.8% during the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock valued at $6,498,000 after buying an additional 6,357 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Airbnb by 40.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock valued at $90,123,000 after buying an additional 197,558 shares during the period. Finally, Sarasin & Partners LLP bought a new stake in Airbnb in the 4th quarter worth $2,272,000. 80.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $126.00, for a total transaction of $88,200.00. Following the completion of the transaction, the chief technology officer now directly owns 171,419 shares of the company’s stock, valued at $21,598,794. The trade was a 0.41 % 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, CEO Brian Chesky sold 38,461 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $126.60, for a total transaction of $4,869,162.60. Following the transaction, the chief executive officer now owns 11,770,144 shares in the company, valued at $1,490,100,230.40. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,055,909 shares of company stock worth $289,763,290. Corporate insiders own 27.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ABNB shares. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a report on Friday, February 14th. Wells Fargo & Company dropped their price objective on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. UBS Group boosted their target price on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating and raised their price target for the stock from $110.00 to $153.00 in a research note on Friday, February 14th. Finally, Benchmark boosted their price objective on shares of Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and an average target price of $147.36.

Airbnb Stock Up 0.0 %

NASDAQ ABNB opened at $129.88 on Wednesday. The stock has a 50 day moving average price of $135.79 and a 200-day moving average price of $133.64. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market capitalization of $81.89 billion, a P/E ratio of 31.45, a P/E/G ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data 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%. As a group, equities analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

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.