Graypoint LLC Has $650,000 Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Graypoint LLC lifted its holdings in Airbnb, Inc. (NASDAQ:ABNBFree Report) by 3.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,778 shares of the company’s stock after purchasing an additional 155 shares during the quarter. Graypoint LLC’s holdings in Airbnb were worth $650,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mount Vernon Associates Inc. MD boosted its position in Airbnb by 1.0% during the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,270 shares of the company’s stock worth $990,000 after acquiring an additional 75 shares during the last quarter. Venturi Wealth Management LLC boosted its position in Airbnb by 36.2% during the 4th quarter. Venturi Wealth Management LLC now owns 301 shares of the company’s stock worth $41,000 after acquiring an additional 80 shares during the last quarter. Centurion Wealth Management LLC boosted its position in Airbnb by 2.3% during the 4th quarter. Centurion Wealth Management LLC now owns 3,605 shares of the company’s stock worth $491,000 after acquiring an additional 81 shares during the last quarter. New World Advisors LLC boosted its position in Airbnb by 2.6% during the 4th quarter. New World Advisors LLC now owns 3,256 shares of the company’s stock worth $443,000 after acquiring an additional 82 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its position in Airbnb by 5.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,823 shares of the company’s stock worth $250,000 after acquiring an additional 89 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Airbnb from $118.00 to $140.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Wedbush reiterated a “neutral” rating and set a $160.00 price objective (up previously from $150.00) on shares of Airbnb in a research note on Wednesday, February 14th. B. Riley Financial assumed coverage on Airbnb in a research note on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price objective on the stock. UBS Group dropped their price objective on Airbnb from $148.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. Finally, Benchmark assumed coverage on Airbnb in a research note on Thursday. They set a “buy” rating and a $190.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $147.58.

Get Our Latest Stock Analysis on ABNB

Airbnb Stock Down 3.7 %

Shares of NASDAQ ABNB opened at $159.37 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. Airbnb, Inc. has a 52 week low of $103.55 and a 52 week high of $170.10. The stock has a market capitalization of $103.12 billion, a P/E ratio of 22.01, a PEG ratio of 2.04 and a beta of 1.25. The stock’s fifty day moving average is $158.53 and its 200 day moving average is $141.53.

Airbnb (NASDAQ:ABNBGet Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Sell-side analysts forecast that Airbnb, Inc. will post 4.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 78,682 shares of Airbnb stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $169.30, for a total value of $13,320,862.60. Following the transaction, the chief technology officer now owns 144,331 shares in the company, valued at $24,435,238.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $161.55, for a total value of $96,930.00. Following the transaction, the chief technology officer now owns 222,304 shares in the company, valued at $35,913,211.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 78,682 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $169.30, for a total value of $13,320,862.60. Following the sale, the chief technology officer now owns 144,331 shares in the company, valued at $24,435,238.30. The disclosure for this sale can be found here. Insiders have sold a total of 615,367 shares of company stock worth $94,049,172 over the last 90 days. Insiders own 30.84% of the company’s stock.

Airbnb Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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