Aaron Wealth Advisors LLC Acquires 1,061 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Aaron Wealth Advisors LLC increased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 36.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,993 shares of the company’s stock after purchasing an additional 1,061 shares during the period. Aaron Wealth Advisors LLC’s holdings in Airbnb were worth $525,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in shares of Airbnb by 13.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 788,487 shares of the company’s stock worth $119,558,000 after buying an additional 90,788 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Airbnb by 13.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,197 shares of the company’s stock valued at $788,000 after acquiring an additional 608 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Airbnb by 104.6% during the second quarter. Canada Pension Plan Investment Board now owns 189,428 shares of the company’s stock valued at $28,723,000 after purchasing an additional 96,832 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Airbnb by 11.1% during the second quarter. Thrivent Financial for Lutherans now owns 19,729 shares of the company’s stock valued at $2,992,000 after purchasing an additional 1,969 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its stake in Airbnb by 0.7% during the second quarter. Ameritas Investment Partners Inc. now owns 17,533 shares of the company’s stock worth $2,659,000 after purchasing an additional 125 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ABNB has been the topic of several recent research reports. Barclays increased their price objective on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Susquehanna boosted their price objective on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a report on Monday, November 11th. Piper Sandler increased their target price on shares of Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Robert W. Baird lifted their target price on shares of Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Morgan Stanley upped their price target on shares of Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research report on Monday, January 13th. Six investment 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.com, Airbnb has an average rating of “Hold” and a consensus price target of $139.63.

Insider Activity

In related news, CEO Brian Chesky sold 76,923 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the sale, the chief executive officer now directly owns 12,616,300 shares of the company’s stock, valued at approximately $1,765,525,022. This represents a 0.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $135.33, for a total transaction of $81,198.00. Following the sale, the chief technology officer now owns 192,244 shares of the company’s stock, valued at approximately $26,016,380.52. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,130,982 shares of company stock worth $150,523,585. Insiders own 27.83% of the company’s stock.

Airbnb Price Performance

ABNB opened at $135.12 on Monday. 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 company has a market cap of $85.66 billion, a price-to-earnings ratio of 47.41, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13. The stock has a fifty day simple moving average of $134.16 and a two-hundred day simple moving average of $131.95. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the business earned $2.39 earnings per share. Research analysts predict that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Airbnb Company 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.