Newbridge Financial Services Group Inc. Acquires Shares of 5,087 Airbnb, Inc. (NASDAQ:ABNB)

Newbridge Financial Services Group Inc. bought a new position in Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,087 shares of the company’s stock, valued at approximately $668,000.

A number of other hedge funds have also made changes to their positions in ABNB. Northwest Investment Counselors LLC bought a new stake in Airbnb during the third quarter worth about $25,000. Golden State Wealth Management LLC acquired a new position in shares of Airbnb in the 4th quarter worth approximately $25,000. Hollencrest Capital Management grew its position in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in Airbnb during the 4th quarter valued at $26,000. Finally, Ashton Thomas Securities LLC bought a new position in Airbnb in the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In related news, CTO Aristotle N. Balogh sold 500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $136.01, for a total transaction of $68,005.00. Following the transaction, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at approximately $25,218,158.14. The trade was a 0.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Chesky sold 76,923 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $139.94, for a total value of $10,764,604.62. Following the completion of the sale, the chief executive officer now owns 12,616,300 shares in the company, valued at approximately $1,765,525,022. This trade represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,417,704 shares of company stock worth $187,654,829 over the last quarter. 27.83% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ABNB. Barclays increased their target price on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Benchmark restated a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a research report on Friday, November 8th. Bank of America upped their target price on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Citigroup raised their price target on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, DA Davidson increased their price objective on Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $139.63.

Airbnb Trading Up 1.8 %

Shares of NASDAQ:ABNB opened at $134.98 on Friday. The company’s 50-day moving average price is $132.98 and its two-hundred day moving average price is $130.04. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market capitalization of $85.57 billion, a PE ratio of 47.36, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the prior year, the business posted $2.39 earnings per share. On average, equities analysts forecast that Airbnb, Inc. will post 3.97 EPS 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.