HB Wealth Management LLC Purchases 384 Shares of Airbnb, Inc. (NASDAQ:ABNB)

HB Wealth Management LLC increased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 12.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,402 shares of the company’s stock after purchasing an additional 384 shares during the period. HB Wealth Management LLC’s holdings in Airbnb were worth $463,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ABNB. Mirae Asset Global Investments Co. Ltd. lifted its position in Airbnb by 9.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 772,642 shares of the company’s stock worth $132,709,000 after purchasing an additional 63,601 shares during the period. TradeLink Capital LLC bought a new position in Airbnb in the 1st quarter valued at $945,000. Synovus Financial Corp increased its position in Airbnb by 22.5% in the first quarter. Synovus Financial Corp now owns 1,490 shares of the company’s stock worth $256,000 after purchasing an additional 274 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Airbnb by 27.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,519 shares of the company’s stock worth $433,000 after buying an additional 549 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in Airbnb during the 1st quarter worth $2,125,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $166.41 on Thursday. The company’s fifty day moving average price is $154.37 and its 200-day moving average price is $139.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market capitalization of $107.68 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 2.13 and a beta of 1.25. Airbnb, Inc. has a one year low of $103.55 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. On average, equities research analysts anticipate that Airbnb, Inc. will post 4.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Airbnb

In other news, CFO Dave Stephenson sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $134.43, for a total value of $3,360,750.00. Following the completion of the sale, the chief financial officer now directly owns 98,828 shares in the company, valued at approximately $13,285,448.04. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CTO Aristotle N. Balogh sold 78,682 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the completion of the sale, the chief technology officer now directly owns 144,331 shares in the company, valued at approximately $24,435,238.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Dave Stephenson sold 25,000 shares of Airbnb stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $134.43, for a total value of $3,360,750.00. Following the completion of the transaction, the chief financial officer now directly owns 98,828 shares in the company, valued at $13,285,448.04. The disclosure for this sale can be found here. Insiders have sold 856,222 shares of company stock worth $126,839,880 over the last ninety days. Insiders own 30.84% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the subject of a number of recent analyst reports. DA Davidson reaffirmed a “neutral” rating and issued a $145.00 price target on shares of Airbnb in a research note on Friday, March 15th. Needham & Company LLC lifted their target price on Airbnb from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. BMO Capital Markets increased their price objective on Airbnb from $134.00 to $135.00 and gave the company a “market perform” rating in a report on Wednesday, February 14th. JPMorgan Chase & Co. raised their target price on shares of Airbnb from $118.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Finally, Susquehanna lifted their price objective on shares of Airbnb from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Wednesday, February 14th. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Airbnb currently has an average rating of “Hold” and a consensus price target of $144.96.

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.