Murphy & Mullick Capital Management Corp Takes $348,000 Position in Airbnb, Inc. (NASDAQ:ABNB)

Murphy & Mullick Capital Management Corp acquired a new position in Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,646 shares of the company’s stock, valued at approximately $348,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ABNB. Quest Partners LLC boosted its holdings in shares of Airbnb by 3,643.9% in the third quarter. Quest Partners LLC now owns 2,134 shares of the company’s stock valued at $271,000 after acquiring an additional 2,077 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in Airbnb by 2.7% in the third quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock worth $468,000 after purchasing an additional 97 shares during the period. Brown Brothers Harriman & Co. bought a new position in Airbnb during the 3rd quarter valued at $67,000. Private Trust Co. NA increased its position in shares of Airbnb by 9.9% during the 3rd quarter. Private Trust Co. NA now owns 1,121 shares of the company’s stock valued at $142,000 after purchasing an additional 101 shares during the period. Finally, D.A. Davidson & CO. raised its stake in shares of Airbnb by 2.1% in the 3rd quarter. D.A. Davidson & CO. now owns 31,575 shares of the company’s stock worth $4,004,000 after buying an additional 650 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Up 0.0 %

Shares of Airbnb stock opened at $129.88 on Wednesday. The firm has a market cap of $81.89 billion, a price-to-earnings ratio of 31.45, a P/E/G ratio of 3.52 and a beta of 1.10. The stock has a 50-day simple moving average of $135.79 and a 200-day simple moving average of $133.64. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.00. 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 posted 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 expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Jefferies Financial Group raised Airbnb from a “hold” rating to a “buy” rating and raised their target price for the company from $165.00 to $185.00 in a research note on Monday, March 10th. Truist Financial cut their price target on shares of Airbnb from $123.00 to $112.00 and set a “hold” rating for the company in a report on Friday, March 21st. Susquehanna lifted their price objective on shares of Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a research note on Tuesday, February 18th. Wells Fargo & Company cut their target price on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Finally, Argus upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned 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, Airbnb currently has a consensus rating of “Hold” and a consensus target price of $147.36.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $131.87, for a total value of $2,637,400.00. Following the transaction, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at approximately $24,450,544.18. This trade represents a 9.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian Chesky sold 230,772 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the sale, the chief executive officer now directly owns 12,000,913 shares of the company’s stock, valued at $1,934,067,139.08. The trade was a 1.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,055,909 shares of company stock valued at $289,763,290. Insiders own 27.83% of the company’s stock.

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.