Aaron Wealth Advisors LLC Purchases 1,061 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Aaron Wealth Advisors LLC boosted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 36.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,993 shares of the company’s stock after buying an additional 1,061 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Airbnb were worth $525,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Salvus Wealth Management LLC lifted its holdings in shares of 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 during the period. Koshinski Asset Management Inc. lifted its holdings in Airbnb by 3.8% during the 3rd quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock worth $292,000 after buying an additional 85 shares during the period. Edge Capital Group LLC grew its position in shares of Airbnb by 1.2% in the 2nd quarter. Edge Capital Group LLC now owns 7,617 shares of the company’s stock valued at $1,155,000 after buying an additional 87 shares during the last quarter. Lazari Capital Management Inc. increased its stake in shares of Airbnb by 3.6% in the second quarter. Lazari Capital Management Inc. now owns 2,517 shares of the company’s stock valued at $382,000 after buying an additional 88 shares during the period. Finally, First Horizon Advisors Inc. raised its position in shares of Airbnb by 19.3% during the third 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 last quarter. 80.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

ABNB has been the subject of a number of recent analyst reports. JMP Securities reissued a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. Wells Fargo & Company decreased their price objective on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday. Bank of America boosted their target price on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Citigroup increased their price target on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, UBS Group boosted their price objective on Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Six investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $139.63.

Insider Buying and Selling

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total value of $28,088,477.80. Following the completion of the sale, the director now directly owns 10,321 shares of the company’s stock, valued at $1,352,876.68. This trade represents a 95.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $136.11, for a total value of $81,666.00. Following the transaction, the chief technology officer now directly owns 192,844 shares in the company, valued at $26,247,996.84. This 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 1,130,982 shares of company stock valued at $150,523,585. 27.83% of the stock is owned by insiders.

Airbnb Stock Up 2.2 %

Airbnb stock opened at $135.12 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The stock 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. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm’s 50-day simple moving average is $134.16 and its 200 day simple moving average is $131.95.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period in the prior year, the company earned $2.39 earnings per share. Research analysts predict that Airbnb, Inc. will post 3.99 EPS for the current fiscal year.

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.