Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Salvus Wealth Management LLC

Salvus Wealth Management LLC raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 2.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,461 shares of the company’s stock after acquiring an additional 84 shares during the quarter. Salvus Wealth Management LLC’s holdings in Airbnb were worth $455,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new stake in shares of Airbnb during the third quarter worth $25,000. Hollencrest Capital Management grew its stake in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Airbnb in the 3rd quarter valued at about $30,000. Quarry LP acquired a new stake in Airbnb in the 3rd quarter valued at about $55,000. Finally, CVA Family Office LLC lifted its stake in Airbnb by 131.2% in the 3rd quarter. CVA Family Office LLC now owns 474 shares of the company’s stock worth $60,000 after purchasing an additional 269 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Stock Performance

Shares of ABNB stock opened at $132.16 on Friday. The firm has a 50 day moving average of $134.45 and a two-hundred day moving average of $132.22. The stock has a market capitalization of $83.79 billion, a PE ratio of 46.37, a P/E/G ratio of 1.63 and a beta of 1.13. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10.

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

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $128.95, for a total transaction of $27,632,050.75. Following the sale, the director now owns 1,071,430 shares in the company, valued at approximately $138,160,898.50. The trade was a 16.67 % decrease in their ownership of the stock. 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 firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the transaction, the chief accounting officer now directly owns 40,581 shares in the company, valued at $5,559,597. The trade was a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,130,982 shares of company stock valued at $150,523,585. 27.83% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ABNB. Citigroup upped their price target on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Raymond James started coverage on Airbnb in a research note on Friday, September 27th. They issued a “market perform” rating and a $134.00 target price for the company. Robert W. Baird lifted their price target on Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. TD Cowen upped their price objective on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, UBS Group raised their price objective on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Airbnb has a consensus rating of “Hold” and an average target price of $139.63.

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.