Centerline Wealth Advisors LLC Invests $265,000 in Airbnb, Inc. (NASDAQ:ABNB)

Centerline Wealth Advisors LLC acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 2,015 shares of the company’s stock, valued at approximately $265,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Edgewood Management LLC raised its position in shares of Airbnb by 9.2% in the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after acquiring an additional 1,143,464 shares in the last quarter. Geode Capital Management LLC raised its holdings in Airbnb by 1.6% in the third quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock worth $1,189,635,000 after purchasing an additional 146,761 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Airbnb by 6,085.6% in the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after purchasing an additional 4,172,985 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Airbnb by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock worth $343,185,000 after purchasing an additional 52,358 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Airbnb by 3.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,360,004 shares of the company’s stock worth $299,272,000 after purchasing an additional 80,610 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ABNB. Wells Fargo & Company reduced their target price on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Robert W. Baird raised their price target on Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Morgan Stanley raised their price target on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Citigroup raised their price target on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Susquehanna raised their price target on Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a report on Monday, November 11th. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Airbnb has a consensus rating of “Hold” and an average price target of $139.63.

Airbnb Stock Up 2.3 %

Shares of ABNB opened at $132.57 on Friday. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a market capitalization of $84.05 billion, a PE ratio of 46.52, a price-to-earnings-growth ratio of 1.72 and a beta of 1.12. The stock has a fifty day simple moving average of $133.00 and a two-hundred day simple moving average of $130.28. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the business earned $2.39 earnings per share. As a group, equities analysts forecast that Airbnb, Inc. will post 3.98 EPS for the current year.

Insider Activity

In other news, insider Nathan Blecharczyk sold 9,603 shares of Airbnb stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the sale, the insider now directly owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total value of $28,088,477.80. Following the completion of the sale, the director now directly owns 10,321 shares of the company’s stock, valued at $1,352,876.68. The trade was a 95.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,417,704 shares of company stock valued at $187,654,829 in the last quarter. Insiders own 27.83% of the company’s stock.

Airbnb 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.