Opal Wealth Advisors LLC Makes New Investment in Airbnb, Inc. (NASDAQ:ABNB)

Opal Wealth Advisors LLC bought a new stake in Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,530 shares of the company’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Verde Capital Management lifted its position in shares of Airbnb by 25.3% in the fourth quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after acquiring an additional 4,269 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Airbnb in the third quarter valued at approximately $34,982,000. Tri Ri Asset Management Corp purchased a new position in shares of Airbnb in the third quarter valued at approximately $6,352,000. J.W. Cole Advisors Inc. lifted its position in Airbnb by 86.5% during the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after buying an additional 2,132 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Airbnb by 40.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock worth $90,123,000 after buying an additional 197,558 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of analyst reports. DA Davidson lifted their price objective on Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Susquehanna raised their target price on Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research note on Monday, November 11th. Jefferies Financial Group raised their target price on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a research note on Monday, December 16th. Finally, TD Cowen lifted their price objective on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $139.63.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $129.58, for a total value of $90,706.00. Following the completion of the sale, the chief technology officer now directly owns 181,914 shares of the company’s stock, valued at approximately $23,572,416.12. The trade was a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO David C. Bernstein sold 1,000 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $137.00, for a total value of $137,000.00. Following the completion of the transaction, the chief accounting officer now owns 40,581 shares in the company, valued at $5,559,597. This trade represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,417,704 shares of company stock valued at $187,654,829. Insiders own 27.83% of the company’s stock.

Airbnb Stock Up 0.2 %

Airbnb stock opened at $135.24 on Tuesday. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. 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 company has a market capitalization of $85.74 billion, a P/E ratio of 47.45, a PEG ratio of 1.88 and a beta of 1.12. The stock has a 50-day simple moving average of $132.93 and a 200-day simple moving average of $129.91.

About Airbnb

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.