Opal Wealth Advisors LLC Purchases New Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Opal Wealth Advisors LLC bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 1,530 shares of the company’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Edgewood Management LLC increased its position in Airbnb by 9.2% during the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after purchasing an additional 1,143,464 shares during the period. Geode Capital Management LLC increased its position in Airbnb by 1.6% during the 3rd 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 during the period. Pacer Advisors Inc. increased its position in Airbnb by 6,085.6% during the 3rd 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 during the period. Charles Schwab Investment Management Inc. increased its position in Airbnb by 2.0% during the 3rd 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 during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Airbnb by 3.5% during the 3rd 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 during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total value of $89,705.00. Following the transaction, the chief technology officer now directly owns 182,614 shares of the company’s stock, valued at approximately $23,401,984.10. This trade represents a 0.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO David C. Bernstein sold 1,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $137.00, for a total value of $137,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 40,581 shares in the company, valued at $5,559,597. This trade represents a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,417,704 shares of company stock valued at $187,654,829. 27.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. UBS Group upped their price target on Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Evercore ISI upped their price target on Airbnb to $155.00 and gave the stock a “hold” rating in a report on Wednesday, January 15th. DA Davidson upped their price target on Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. Finally, Jefferies Financial Group upped their price target on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $139.63.

Airbnb Trading Up 0.2 %

Shares of ABNB opened at $135.24 on Tuesday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $85.74 billion, a P/E ratio of 47.45, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12. The stock’s fifty day simple moving average is $132.93 and its 200 day simple moving average is $129.91. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10.

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.