Lindbrook Capital LLC Increases Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Lindbrook Capital LLC raised its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 31.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,996 shares of the company’s stock after acquiring an additional 472 shares during the quarter. Lindbrook Capital LLC’s holdings in Airbnb were worth $272,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. CVA Family Office LLC bought a new position in Airbnb during the 4th quarter valued at $26,000. Orion Capital Management LLC acquired a new stake in shares of Airbnb during the third quarter worth $27,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Airbnb during the fourth quarter worth $30,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of Airbnb during the third quarter worth $39,000. Finally, Financial Management Professionals Inc. raised its holdings in shares of Airbnb by 518.4% during the fourth quarter. Financial Management Professionals Inc. now owns 303 shares of the company’s stock worth $41,000 after purchasing an additional 254 shares during the period. 80.76% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $155.83, for a total value of $93,498.00. Following the transaction, the chief technology officer now owns 221,704 shares of the company’s stock, valued at $34,548,134.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Airbnb news, CTO Aristotle N. Balogh sold 22,170 shares of Airbnb stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $169.18, for a total transaction of $3,750,720.60. Following the sale, the chief technology officer now owns 143,731 shares in the company, valued at $24,316,410.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $155.83, for a total transaction of $93,498.00. Following the sale, the chief technology officer now owns 221,704 shares in the company, valued at approximately $34,548,134.32. The disclosure for this sale can be found here. Insiders have sold a total of 463,674 shares of company stock valued at $73,516,515 over the last 90 days. 30.84% of the stock is currently owned by company insiders.

Airbnb Price Performance

Shares of ABNB opened at $156.61 on Tuesday. The firm has a market cap of $101.34 billion, a PE ratio of 21.63, a PEG ratio of 1.99 and a beta of 1.25. The firm’s 50 day moving average price is $159.60 and its 200 day moving average price is $142.65. 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, Inc. has a twelve month low of $103.55 and a twelve month high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 EPS 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 company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. As a group, research analysts expect that Airbnb, Inc. will post 4.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a report on Monday, April 1st. Wedbush reaffirmed a “neutral” rating and issued a $160.00 price objective on shares of Airbnb in a report on Thursday, April 18th. UBS Group dropped their price objective 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. JPMorgan Chase & Co. increased their price objective on shares of Airbnb from $118.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Finally, Mizuho increased their target price on shares of Airbnb from $130.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $147.58.

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.