2,620 Shares in Airbnb, Inc. (NASDAQ:ABNB) Acquired by Greenleaf Trust

Greenleaf Trust bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,620 shares of the company’s stock, valued at approximately $357,000.

A number of other hedge funds have also recently bought and sold shares of ABNB. CWM LLC boosted its position in Airbnb by 60.3% during the third quarter. CWM LLC now owns 6,628 shares of the company’s stock worth $909,000 after acquiring an additional 2,493 shares during the last quarter. HB Wealth Management LLC boosted its holdings in shares of Airbnb by 15.7% in the 3rd quarter. HB Wealth Management LLC now owns 3,018 shares of the company’s stock valued at $414,000 after purchasing an additional 409 shares during the last quarter. Impact Partnership Wealth LLC boosted its holdings in shares of Airbnb by 286.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 499 shares of the company’s stock valued at $68,000 after purchasing an additional 370 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in shares of Airbnb by 10.5% in the 3rd quarter. DAVENPORT & Co LLC now owns 1,963 shares of the company’s stock valued at $269,000 after purchasing an additional 187 shares during the last quarter. Finally, Caprock Group LLC boosted its holdings in shares of Airbnb by 8.4% in the 3rd quarter. Caprock Group LLC now owns 2,958 shares of the company’s stock valued at $406,000 after purchasing an additional 229 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Price Performance

ABNB opened at $160.95 on Wednesday. The company has a 50-day moving average of $159.80 and a 200-day moving average of $142.89. The company has a market capitalization of $104.15 billion, a P/E ratio of 22.23, a PEG ratio of 1.99 and a beta of 1.25. Airbnb, Inc. has a 1-year low of $103.55 and a 1-year high of $170.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data 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 net margin of 48.32% and a return on equity of 40.96%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. Equities analysts expect that Airbnb, Inc. will post 4.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Mizuho lifted their price target on shares of Airbnb from $130.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. UBS Group decreased their price target on shares of Airbnb from $148.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Benchmark assumed coverage on shares of Airbnb in a report on Thursday, April 11th. They set a “buy” rating and a $190.00 target price on the stock. B. Riley Financial assumed coverage on shares of Airbnb in a report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 target price on the stock. Finally, B. Riley assumed coverage on shares of Airbnb in a report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 target price on the stock. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $147.58.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $163.00, for a total transaction of $97,800.00. Following the completion of the sale, the chief technology officer now owns 144,931 shares of the company’s stock, valued at approximately $23,623,753. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $163.00, for a total transaction of $97,800.00. Following the completion of the transaction, the chief technology officer now directly owns 144,931 shares of the company’s stock, valued at approximately $23,623,753. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 78,682 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the transaction, the chief technology officer now directly owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The disclosure for this sale can be found here. Insiders sold a total of 463,674 shares of company stock valued at $73,516,515 in the last quarter. Insiders own 30.84% of the company’s stock.

Airbnb Company 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.