Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Wealth Alliance

Wealth Alliance raised its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 17.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,496 shares of the company’s stock after purchasing an additional 370 shares during the quarter. Wealth Alliance’s holdings in Airbnb were worth $328,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ABNB. Pacer Advisors Inc. increased its stake in Airbnb by 6,085.6% in the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after purchasing an additional 4,172,985 shares during the period. Meritage Group LP purchased a new stake in shares of Airbnb in the third quarter valued at about $160,985,000. Principal Financial Group Inc. boosted its holdings in shares of Airbnb by 174.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock valued at $245,268,000 after acquiring an additional 1,185,892 shares in the last quarter. Edgewood Management LLC boosted its holdings in shares of Airbnb by 9.2% in the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after acquiring an additional 1,143,464 shares in the last quarter. Finally, Temasek Holdings Private Ltd boosted its holdings in shares of Airbnb by 91.3% in the third quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock valued at $294,726,000 after acquiring an additional 1,109,076 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Stock Performance

NASDAQ:ABNB opened at $146.07 on Friday. The firm has a 50 day simple moving average of $135.45 and a 200-day simple moving average of $130.96. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market cap of $92.60 billion, a PE ratio of 35.37, a P/E/G ratio of 3.81 and a beta of 1.12. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share 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 analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total transaction of $89,705.00. Following the completion of the transaction, the chief technology officer now owns 182,614 shares of the company’s stock, valued at approximately $23,401,984.10. This represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 76,923 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the completion of the sale, the chief executive officer now directly owns 12,616,300 shares of the company’s stock, valued at $1,765,525,022. The trade was a 0.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,950,540 shares of company stock valued at $275,598,944. Insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

ABNB has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a report on Friday, February 14th. Evercore ISI lifted their target price on shares of Airbnb to $155.00 and gave the company a “hold” rating in a report on Wednesday, January 15th. B. Riley lifted their target price on shares of Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Bank of America lifted their target price on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Finally, Citigroup lifted their target price on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a report on Monday, November 11th. Five analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $147.00.

About Airbnb

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.