58,494 Shares in Airbnb, Inc. (NASDAQ:ABNB) Bought by World Investment Advisors

World Investment Advisors acquired a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 58,494 shares of the company’s stock, valued at approximately $7,687,000.

Other institutional investors have also modified their holdings of the company. CAP Partners LLC raised its stake in shares of Airbnb by 3.6% in the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock valued at $293,000 after acquiring an additional 77 shares during the period. Lindbrook Capital LLC increased its holdings in Airbnb by 1.4% in the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock valued at $728,000 after purchasing an additional 78 shares during the last quarter. Manchester Capital Management LLC raised its position in Airbnb by 18.2% in the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock valued at $69,000 after purchasing an additional 81 shares during the period. Salvus Wealth Management LLC lifted its stake in Airbnb by 2.5% during the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock worth $455,000 after purchasing an additional 84 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its holdings in shares of Airbnb by 2.3% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 4,285 shares of the company’s stock valued at $565,000 after buying an additional 95 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $161.05, for a total transaction of $112,735.00. Following the transaction, the chief technology officer now owns 180,514 shares in the company, valued at approximately $29,071,779.70. The trade was a 0.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brian Chesky sold 38,461 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $135.82, for a total value of $5,223,773.02. Following the completion of the sale, the chief executive officer now directly owns 12,498,908 shares of the company’s stock, valued at $1,697,601,684.56. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,250,894 shares of company stock worth $314,940,768. 27.83% of the stock is owned by insiders.

Airbnb Stock Up 1.3 %

ABNB opened at $122.80 on Thursday. The business has a 50 day moving average price of $134.55 and a two-hundred day moving average price of $133.79. 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 company has a market cap of $77.43 billion, a PE ratio of 29.73, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $166.74.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on ABNB shares. Hsbc Global Res upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Morgan Stanley upped their target price on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. Tigress Financial raised their price target on shares of Airbnb from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, March 14th. Robert W. Baird cut their price objective on Airbnb from $175.00 to $160.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 25th. Finally, Wells Fargo & Company decreased their target price on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Five 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $147.36.

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.