Copperwynd Financial LLC Purchases 315 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Copperwynd Financial LLC boosted its position in shares of Airbnb, Inc. (NASDAQ:ABNBFree Report) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,008 shares of the company’s stock after acquiring an additional 315 shares during the period. Copperwynd Financial LLC’s holdings in Airbnb were worth $546,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. CVA Family Office LLC purchased a new stake in Airbnb in the fourth quarter valued at about $26,000. Orion Capital Management LLC purchased a new stake in Airbnb during the 3rd quarter worth approximately $27,000. Bfsg LLC acquired a new position in Airbnb during the 4th quarter valued at approximately $27,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Airbnb in the fourth quarter worth $30,000. Finally, Financial Management Professionals Inc. lifted its stake in shares of Airbnb by 518.4% during the fourth quarter. Financial Management Professionals Inc. now owns 303 shares of the company’s stock worth $41,000 after buying an additional 254 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ABNB shares. B. Riley assumed coverage on Airbnb in a research note on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 target price for the company. Wells Fargo & Company upped their target price on Airbnb from $107.00 to $127.00 and gave the company an “underweight” rating in a research report on Monday, April 1st. Citigroup reduced their price target on shares of Airbnb from $170.00 to $167.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Piper Sandler Companies increased their price objective on shares of Airbnb from $145.00 to $155.00 and gave the stock a “neutral” rating in a research note on Thursday, May 9th. Finally, UBS Group boosted their target price on shares of Airbnb from $143.00 to $157.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $152.38.

Read Our Latest Stock Analysis on ABNB

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 72,976 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $167.00, for a total transaction of $12,186,992.00. Following the sale, the chief technology officer now owns 145,531 shares of the company’s stock, valued at $24,303,677. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $145.71, for a total value of $87,426.00. Following the completion of the sale, the chief technology officer now directly owns 212,374 shares of the company’s stock, valued at $30,945,015.54. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 72,976 shares of Airbnb stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $167.00, for a total value of $12,186,992.00. Following the sale, the chief technology officer now owns 145,531 shares in the company, valued at approximately $24,303,677. The disclosure for this sale can be found here. Insiders sold 294,613 shares of company stock valued at $46,961,852 in the last 90 days. Company insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

Airbnb stock opened at $147.08 on Wednesday. The stock has a market cap of $94.73 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 1.80 and a beta of 1.18. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a 50 day simple moving average of $154.89 and a 200-day simple moving average of $149.11. Airbnb, Inc. has a 1-year low of $112.32 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNBGet Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.18. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter last year, the firm earned $0.18 earnings per share. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. On average, analysts expect that Airbnb, Inc. will post 4.67 EPS for the current year.

About Airbnb

(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.

Further Reading

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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