Sequoia Financial Advisors LLC Acquires 1,983 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Sequoia Financial Advisors LLC grew its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 49.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,985 shares of the company’s stock after buying an additional 1,983 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Airbnb were worth $786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted 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 buying an additional 4,172,985 shares in the last quarter. Meritage Group LP bought a new position in shares of Airbnb during the third quarter worth about $160,985,000. Principal Financial Group Inc. raised its position in shares of Airbnb by 174.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock worth $245,268,000 after acquiring an additional 1,185,892 shares during the last quarter. Edgewood Management LLC increased its holdings in Airbnb by 9.2% in the third 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 in the last quarter. Finally, Temasek Holdings Private Ltd increased its holdings in Airbnb by 91.3% in the third quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock worth $294,726,000 after purchasing an additional 1,109,076 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $131.88, for a total value of $28,259,905.80. Following the sale, the director now directly owns 1,285,715 shares in the company, valued at $169,560,094.20. This represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 183,078 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the transaction, the insider now directly 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 have sold a total of 2,269,494 shares of company stock worth $318,203,453 over the last ninety days. 27.83% of the stock is currently owned by company insiders.

Airbnb Stock Performance

Shares of ABNB stock opened at $122.86 on Monday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average price of $136.23 and a 200 day moving average price of $133.07. The company has a market cap of $77.47 billion, a P/E ratio of 29.75, a PEG ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results 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%. Sell-side analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on ABNB. Gordon Haskett raised Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective for the company in a research note on Friday, February 14th. DA Davidson boosted their price objective on Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research report on Friday, February 14th. UBS Group boosted their target price on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Finally, Truist Financial decreased their price objective on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research note on Wednesday, December 4th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $148.15.

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.