Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC raised its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 52.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,682 shares of the company’s stock after acquiring an additional 10,861 shares during the quarter. Diversify Wealth Management LLC’s holdings in Airbnb were worth $4,107,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in Airbnb during the third quarter worth about $25,000. Hollencrest Capital Management lifted its stake in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Airbnb during the 3rd quarter worth approximately $30,000. Quarry LP purchased a new stake in shares of Airbnb in the third quarter valued at approximately $55,000. Finally, CVA Family Office LLC increased its holdings in shares of Airbnb by 131.2% in the third quarter. CVA Family Office LLC now owns 474 shares of the company’s stock valued at $60,000 after purchasing an additional 269 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the topic of a number of recent research reports. Wells Fargo & Company lowered their price objective on Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research note on Thursday. Phillip Securities reissued a “reduce” rating and issued a $120.00 price objective on shares of Airbnb in a report on Tuesday, November 12th. Piper Sandler lifted their target price on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. UBS Group increased their price target on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, DA Davidson upped their price objective on Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Six analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and an average target price of $139.63.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $136.11, for a total transaction of $81,666.00. Following the sale, the chief technology officer now directly owns 192,844 shares in the company, valued at $26,247,996.84. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO David C. Bernstein sold 1,000 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $137.00, for a total transaction of $137,000.00. Following the completion of the transaction, the chief accounting officer now owns 40,581 shares of the company’s stock, valued at $5,559,597. This represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,130,982 shares of company stock valued at $150,523,585. Corporate insiders own 27.83% of the company’s stock.

Airbnb Trading Up 2.2 %

NASDAQ ABNB opened at $135.12 on Monday. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The firm has a 50 day moving average of $134.16 and a two-hundred day moving average of $131.95. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $85.66 billion, a PE ratio of 47.41, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the firm posted $2.39 EPS. As a group, research analysts expect that Airbnb, Inc. will post 3.99 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.