D.A. Davidson & CO. Raises Stake in Airbnb, Inc. (NASDAQ:ABNB)

D.A. Davidson & CO. boosted its position in Airbnb, Inc. (NASDAQ:ABNB) by 1.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 31,907 shares of the company’s stock after purchasing an additional 332 shares during the period. D.A. Davidson & CO.’s holdings in Airbnb were worth $4,193,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in Airbnb in the fourth quarter worth approximately $25,000. Berbice Capital Management LLC purchased a new stake in Airbnb in the fourth quarter worth approximately $26,000. Hollencrest Capital Management boosted its stake in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after buying an additional 200 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Airbnb in the third quarter valued at approximately $30,000. Finally, Quarry LP bought a new stake in Airbnb in the third quarter valued at approximately $55,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling

In related news, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the completion of the sale, the chief executive officer now directly owns 12,000,913 shares in the company, valued at approximately $1,934,067,139.08. This trade represents a 1.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total value of $89,705.00. Following the completion of the sale, the chief technology officer now owns 182,614 shares of the company’s stock, valued at $23,401,984.10. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,950,540 shares of company stock worth $275,598,944. 27.83% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on ABNB. HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Gordon Haskett upgraded Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective for the company in a research report on Friday, February 14th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research report on Friday, February 14th. Argus upgraded Airbnb from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Five analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $147.00.

Airbnb Trading Down 1.7 %

NASDAQ ABNB opened at $155.31 on Friday. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The stock has a market cap of $98.46 billion, a P/E ratio of 37.61, a P/E/G ratio of 3.89 and a beta of 1.12. The stock’s fifty day moving average price is $135.15 and its 200-day moving average price is $130.82. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. As a group, equities analysts forecast that Airbnb, Inc. will post 4.29 EPS for the current fiscal year.

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.