One Wealth Capital Management LLC Invests $553,000 in Airbnb, Inc. (NASDAQ:ABNB)

One Wealth Capital Management LLC bought a new stake in Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,208 shares of the company’s stock, valued at approximately $553,000.

Several other hedge funds have also recently added to or reduced their stakes in ABNB. Asset Dedication LLC lifted its stake in Airbnb by 7.6% in the second quarter. Asset Dedication LLC now owns 1,193 shares of the company’s stock valued at $181,000 after acquiring an additional 84 shares during the last quarter. Koshinski Asset Management Inc. lifted its stake in Airbnb by 3.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $292,000 after purchasing an additional 85 shares during the last quarter. Edge Capital Group LLC grew its holdings in Airbnb by 1.2% during the second quarter. Edge Capital Group LLC now owns 7,617 shares of the company’s stock worth $1,155,000 after purchasing an additional 87 shares during the period. Lazari Capital Management Inc. raised its stake in 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. lifted its position in shares of Airbnb by 19.3% in the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock valued at $74,000 after buying an additional 94 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Price Performance

ABNB stock traded down $4.07 during midday trading on Tuesday, reaching $131.13. 2,891,115 shares of the stock were exchanged, compared to its average volume of 3,226,916. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a fifty day moving average price of $135.44 and a 200 day moving average price of $133.09. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market capitalization of $83.13 billion, a PE ratio of 46.01, a P/E/G ratio of 1.93 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results 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 quarter last year, the firm posted $2.39 earnings per share. As a group, analysts expect that Airbnb, Inc. will post 3.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ABNB. Cantor Fitzgerald restated an “underweight” rating and issued a $94.00 price target on shares of Airbnb in a research note on Monday, October 7th. DA Davidson raised their target price 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. Jefferies Financial Group upped their price target on shares of Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company raised their price objective on shares of Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 8th. Finally, JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research note on Monday, December 16th. Six equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $139.48.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $133.51, for a total transaction of $80,106.00. Following the completion of the transaction, the chief technology officer now owns 193,444 shares in the company, valued at approximately $25,826,708.44. This trade represents a 0.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Chesky sold 38,460 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $133.97, for a total transaction of $5,152,486.20. Following the completion of the sale, the chief executive officer now directly owns 13,200,529 shares in the company, valued at approximately $1,768,474,870.13. This represents a 0.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 695,361 shares of company stock worth $92,728,581. 27.83% of the stock is currently owned by company insiders.

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.