Whitaker Myers Wealth Managers LTD. Takes Position in Airbnb, Inc. (NASDAQ:ABNB)

Whitaker Myers Wealth Managers LTD. acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, Holdings Channel reports. The fund acquired 2,046 shares of the company’s stock, valued at approximately $269,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northwest Investment Counselors LLC bought a new position in Airbnb during the 3rd quarter worth approximately $25,000. Hollencrest Capital Management boosted its stake 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. Ashton Thomas Securities LLC bought a new position in Airbnb during the 3rd quarter worth approximately $30,000. Quarry LP bought a new position in Airbnb during the 3rd quarter worth approximately $55,000. Finally, CVA Family Office LLC boosted its stake in Airbnb by 131.2% during the 3rd quarter. CVA Family Office LLC now owns 474 shares of the company’s stock worth $60,000 after acquiring an additional 269 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Insider Activity at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $129.82, for a total transaction of $90,874.00. Following the completion of the transaction, the chief technology officer now owns 184,014 shares of the company’s stock, valued at approximately $23,888,697.48. The trade was a 0.38 % decrease in their ownership of the stock. The sale 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 business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $139.94, for a total value of $10,764,604.62. Following the transaction, the chief executive officer now directly owns 12,616,300 shares of the company’s stock, valued at approximately $1,765,525,022. The trade was a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,130,982 shares of company stock valued at $150,523,585 over the last quarter. 27.83% of the stock is owned by corporate insiders.

Airbnb Stock Up 2.2 %

ABNB stock opened at $135.12 on Friday. The company has a market cap 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. The business has a 50-day simple moving average of $134.16 and a 200 day simple moving average of $132.11. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last posted its quarterly 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). The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period last year, the firm earned $2.39 EPS. Sell-side analysts anticipate that Airbnb, Inc. will post 3.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on ABNB. Raymond James began coverage on shares of Airbnb in a research note on Friday, September 27th. They set a “market perform” rating and a $134.00 price objective on the stock. TD Cowen raised their target price on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Barclays raised their target price on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Jefferies Financial Group raised their target price on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, JMP Securities restated a “market perform” rating on shares of Airbnb in a report on Monday, December 16th. Six investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Airbnb presently has an average rating of “Hold” and an average target price of $139.63.

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.