Howard Capital Management Inc. Boosts Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Howard Capital Management Inc. increased its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,183 shares of the company’s stock after buying an additional 352 shares during the quarter. Howard Capital Management Inc.’s holdings in Airbnb were worth $1,601,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Verde Capital Management increased its position in Airbnb by 25.3% in the fourth quarter. Verde Capital Management now owns 21,118 shares of the company’s stock worth $2,775,000 after buying an additional 4,269 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Airbnb during the 3rd quarter valued at approximately $34,982,000. Tri Ri Asset Management Corp bought a new position in shares of Airbnb during the 3rd quarter valued at approximately $6,352,000. J.W. Cole Advisors Inc. increased its holdings in Airbnb by 86.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after acquiring an additional 2,132 shares in the last quarter. Finally, Baltimore Washington Financial Advisors Inc. raised its stake in Airbnb by 14.8% during the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock worth $6,498,000 after acquiring an additional 6,357 shares during the period. 80.76% of the stock is owned by institutional investors.

Airbnb Trading Down 5.9 %

ABNB opened at $146.07 on Monday. 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 $92.10 billion, a price-to-earnings ratio of 35.37, a P/E/G ratio of 3.74 and a beta of 1.12. The stock’s 50 day moving average price is $135.45 and its 200-day moving average price is $131.09. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

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

Insiders Place Their Bets

In other Airbnb news, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction on Friday, February 14th. The stock was sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the completion of the sale, the chief executive officer now directly owns 12,000,913 shares of the company’s stock, valued at $1,934,067,139.08. The trade was a 1.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total value of $89,705.00. Following the sale, the chief technology officer now directly owns 182,614 shares of the company’s stock, valued at approximately $23,401,984.10. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,873,617 shares of company stock worth $264,834,339 in the last three months. Corporate insiders own 27.83% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Phillip Securities reiterated a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a research report on Tuesday, November 12th. Argus upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating and raised their price target for the company from $110.00 to $153.00 in a report on Friday, February 14th. Truist Financial decreased their price target on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Finally, UBS Group raised their price target on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $146.48.

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.