Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by ORG Wealth Partners LLC

ORG Wealth Partners LLC raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 42.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,884 shares of the company’s stock after buying an additional 1,165 shares during the period. ORG Wealth Partners LLC’s holdings in Airbnb were worth $510,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Airbnb by 0.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,011 shares of the company’s stock valued at $3,679,000 after purchasing an additional 241 shares in the last quarter. First Hawaiian Bank lifted its holdings in Airbnb by 161.4% in the 4th quarter. First Hawaiian Bank now owns 6,631 shares of the company’s stock valued at $871,000 after purchasing an additional 4,094 shares in the last quarter. One Wealth Capital Management LLC purchased a new position in Airbnb in the 4th quarter valued at about $553,000. Norman Fields Gottscho Capital Management LLC lifted its holdings in Airbnb by 30.9% in the 4th quarter. Norman Fields Gottscho Capital Management LLC now owns 2,605 shares of the company’s stock valued at $342,000 after purchasing an additional 615 shares in the last quarter. Finally, Everence Capital Management Inc. lifted its holdings in Airbnb by 19.3% in the 4th quarter. Everence Capital Management Inc. now owns 9,280 shares of the company’s stock valued at $1,219,000 after purchasing an additional 1,500 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ABNB shares. Truist Financial decreased their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research report on Wednesday, December 4th. DA Davidson boosted their price objective on shares of Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Jefferies Financial Group increased their target price on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their price target on Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Raymond James initiated coverage on Airbnb in a report on Friday, September 27th. They issued a “market perform” rating and a $134.00 price objective on the stock. Six analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $139.48.

Airbnb Stock Down 0.8 %

ABNB stock traded down $1.06 during midday trading on Friday, hitting $129.74. 1,772,995 shares of the company’s stock were exchanged, compared to its average volume of 3,266,962. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The firm has a 50 day moving average price of $135.12 and a 200-day moving average price of $132.93. The stock has a market capitalization of $82.25 billion, a price-to-earnings ratio of 45.52, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the prior year, the firm earned $2.39 earnings per share. On average, analysts anticipate that Airbnb, Inc. will post 3.99 EPS for the current year.

Insider Activity

In related news, Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the completion of the transaction, the director now directly owns 10,321 shares in the company, valued at $1,352,876.68. This represents a 95.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $133.51, for a total value of $80,106.00. Following the transaction, the chief technology officer now owns 193,444 shares of the company’s stock, valued at approximately $25,826,708.44. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 955,057 shares of company stock worth $128,033,252. 27.83% of the stock is currently owned by insiders.

Airbnb Company 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.