Financial Architects Inc decreased its holdings in Airbnb, Inc. (NASDAQ:ABNB – Get Rating) by 29.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,517 shares of the company’s stock after selling 2,257 shares during the quarter. Financial Architects Inc’s holdings in Airbnb were worth $472,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Avidian Wealth Solutions LLC increased its holdings in Airbnb by 39.1% in the 4th quarter. Avidian Wealth Solutions LLC now owns 4,833 shares of the company’s stock valued at $413,000 after buying an additional 1,359 shares during the period. Westpac Banking Corp increased its holdings in Airbnb by 6.0% in the 4th quarter. Westpac Banking Corp now owns 142,174 shares of the company’s stock valued at $12,156,000 after buying an additional 8,053 shares during the period. Synovus Financial Corp bought a new position in Airbnb in the 4th quarter valued at about $586,000. Flossbach Von Storch AG bought a new position in Airbnb in the 4th quarter valued at about $19,356,000. Finally, Los Angeles Capital Management LLC increased its holdings in Airbnb by 158.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 102,478 shares of the company’s stock valued at $8,762,000 after buying an additional 62,770 shares during the period. Institutional investors and hedge funds own 39.02% of the company’s stock.
Insider Activity at Airbnb
In other Airbnb news, CAO David C. Bernstein sold 12,382 shares of the company’s stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $140.00, for a total transaction of $1,733,480.00. Following the transaction, the chief accounting officer now owns 50,171 shares in the company, valued at $7,023,940. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Airbnb news, Director Joseph Gebbia sold 333,332 shares of the company’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $134.12, for a total transaction of $44,706,487.84. Following the transaction, the director now owns 9,666,769 shares in the company, valued at $1,296,507,058.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO David C. Bernstein sold 12,382 shares of the company’s stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $140.00, for a total transaction of $1,733,480.00. Following the transaction, the chief accounting officer now owns 50,171 shares in the company, valued at approximately $7,023,940. The disclosure for this sale can be found here. Insiders have sold 2,758,285 shares of company stock worth $338,794,053 in the last quarter. Company insiders own 32.69% of the company’s stock.
Airbnb Stock Down 0.3 %
Airbnb stock opened at $114.95 on Friday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.36. Airbnb, Inc. has a 12-month low of $81.91 and a 12-month high of $163.24. The firm’s fifty day moving average is $119.47 and its 200 day moving average is $108.22. The company has a market capitalization of $73.63 billion, a PE ratio of 41.16, a PEG ratio of 1.79 and a beta of 1.14.
Airbnb (NASDAQ:ABNB – Get Rating) last released its earnings results on Tuesday, February 14th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.21. Airbnb had a net margin of 22.54% and a return on equity of 35.92%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company earned $0.08 EPS. Airbnb’s quarterly revenue was up 24.2% compared to the same quarter last year. As a group, sell-side analysts predict that Airbnb, Inc. will post 3.4 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms have commented on ABNB. Wolfe Research reissued a “peer perform” rating on shares of Airbnb in a report on Wednesday, February 15th. Morgan Stanley lifted their price target on shares of Airbnb from $80.00 to $100.00 and gave the company an “underweight” rating in a report on Thursday, February 16th. Citigroup lifted their price target on shares of Airbnb from $140.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, February 16th. Royal Bank of Canada lifted their price target on shares of Airbnb from $110.00 to $135.00 and gave the company a “sector perform” rating in a report on Wednesday, February 15th. Finally, Robert W. Baird lifted their price target on shares of Airbnb from $100.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, February 15th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, Airbnb has a consensus rating of “Hold” and a consensus target price of $141.58.
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 model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.
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