TriaGen Wealth Management LLC Has $2.22 Million Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

TriaGen Wealth Management LLC boosted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,874 shares of the company’s stock after buying an additional 162 shares during the period. TriaGen Wealth Management LLC’s holdings in Airbnb were worth $2,217,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Caprock Group LLC increased its position in Airbnb by 12.3% in the 4th quarter. Caprock Group LLC now owns 9,699 shares of the company’s stock worth $1,275,000 after purchasing an additional 1,065 shares during the last quarter. New Wave Wealth Advisors LLC bought a new stake in Airbnb in the fourth quarter worth approximately $81,000. Mediolanum International Funds Ltd bought a new stake in Airbnb in the fourth quarter worth approximately $6,006,000. Summa Corp. bought a new stake in Airbnb in the fourth quarter worth approximately $201,000. Finally, Swedbank AB grew its position in Airbnb by 0.5% in the fourth quarter. Swedbank AB now owns 868,592 shares of the company’s stock worth $114,142,000 after acquiring an additional 4,685 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Down 0.5 %

Shares of NASDAQ:ABNB opened at $131.17 on Friday. The company’s fifty day moving average is $133.69 and its 200-day moving average is $130.78. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a market capitalization of $83.16 billion, a PE ratio of 46.02, a P/E/G ratio of 1.74 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the prior year, the company posted $2.39 earnings per share. Equities research analysts predict that Airbnb, Inc. will post 3.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ABNB has been the subject of several recent research reports. Benchmark reissued a “buy” rating and issued a $155.00 target price on shares of Airbnb in a research report on Friday, November 8th. Citigroup boosted their target price on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Morgan Stanley boosted their target price on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. Robert W. Baird boosted their target price on shares of Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, DA Davidson boosted their price objective on shares of Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research note on Monday, November 18th. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Airbnb has an average rating of “Hold” and an average price target of $139.63.

Insiders Place Their Bets

In related news, insider Nathan Blecharczyk sold 9,603 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the transaction, the insider now owns 164,850 shares in the company, valued at $21,466,767. This represents a 5.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Chesky sold 76,923 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the completion of the sale, the chief executive officer now owns 12,616,300 shares of the company’s stock, valued at $1,765,525,022. The trade was a 0.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,372,293 shares of company stock valued at $181,759,318. 27.83% of the stock is currently owned by corporate insiders.

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.