Envestnet Portfolio Solutions Inc. Buys 5,532 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Envestnet Portfolio Solutions Inc. lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 32.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,673 shares of the company’s stock after acquiring an additional 5,532 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Airbnb were worth $2,979,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. CAP Partners LLC boosted its position in Airbnb by 3.6% during the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock worth $293,000 after purchasing an additional 77 shares during the period. Lindbrook Capital LLC lifted its stake in shares of Airbnb by 1.4% in the fourth quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock worth $728,000 after buying an additional 78 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in shares of Airbnb by 18.2% during the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock worth $69,000 after buying an additional 81 shares during the period. Salvus Wealth Management LLC grew its stake in Airbnb by 2.5% in the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after buying an additional 84 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in Airbnb by 19.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock worth $74,000 after acquiring an additional 94 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $161.05, for a total transaction of $112,735.00. Following the completion of the sale, the chief technology officer now directly owns 180,514 shares of the company’s stock, valued at approximately $29,071,779.70. The trade was a 0.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Brian Chesky sold 38,461 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $133.58, for a total transaction of $5,137,620.38. Following the completion of the transaction, the chief executive officer now directly owns 12,537,369 shares in the company, valued at $1,674,741,751.02. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,093,670 shares of company stock worth $294,812,710. Insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Hsbc Global Res upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Barclays increased their target price on Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a research note on Friday, February 14th. Wedbush reaffirmed an “outperform” rating and issued a $155.00 price target on shares of Airbnb in a research report on Tuesday, February 4th. Truist Financial reduced their price objective on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Finally, Argus raised shares of Airbnb from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $148.15.

Airbnb Stock Up 1.2 %

Shares of NASDAQ:ABNB opened at $126.00 on Thursday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a market cap of $79.45 billion, a P/E ratio of 30.51, a P/E/G 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. The company’s 50-day moving average price is $135.83 and its two-hundred day moving average price is $133.14.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating 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%. As a group, research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

About Airbnb

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.