Smartleaf Asset Management LLC Purchases 523 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Smartleaf Asset Management LLC lifted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 31.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,182 shares of the company’s stock after purchasing an additional 523 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Airbnb were worth $288,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in Airbnb during the fourth quarter worth about $25,000. Hollencrest Capital Management raised its position in shares of Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the period. Berbice Capital Management LLC acquired a new stake in shares of Airbnb during the fourth quarter worth about $26,000. Ashton Thomas Securities LLC bought a new position in shares of Airbnb during the 3rd quarter valued at about $30,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Airbnb in the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Trading Up 0.8 %

ABNB stock opened at $142.58 on Thursday. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The stock has a market cap of $89.90 billion, a price-to-earnings ratio of 34.52, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. The company has a fifty day moving average price of $136.93 and a two-hundred day moving average price of $132.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Equities analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Citigroup lifted their price target on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, November 11th. B. Riley boosted their price objective on shares of Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Morgan Stanley boosted their price target on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Finally, Wells Fargo & Company reduced their price objective on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Five investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Airbnb currently has an average rating of “Hold” and an average price target of $146.48.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $135.35, for a total value of $94,745.00. Following the completion of the sale, the chief technology officer now directly owns 184,714 shares in the company, valued at $25,001,039.90. The trade was a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 183,078 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the transaction, the insider now owns 164,850 shares in the company, valued at $26,046,300. The trade was a 52.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,087,020 shares of company stock worth $295,392,297 over the last quarter. Company insiders own 27.83% of the company’s stock.

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.