Strategic Financial Concepts LLC Takes $6.20 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Strategic Financial Concepts LLC purchased a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 47,167 shares of the company’s stock, valued at approximately $6,198,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning grew its position in shares of Airbnb by 44.0% in the third quarter. Creative Planning now owns 70,442 shares of the company’s stock valued at $8,808,000 after purchasing an additional 21,518 shares in the last quarter. Aaron Wealth Advisors LLC increased its stake in shares of Airbnb by 40.2% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 2,932 shares of the company’s stock worth $372,000 after acquiring an additional 840 shares during the last quarter. Stratos Wealth Advisors LLC raised its holdings in shares of Airbnb by 277.7% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 18,194 shares of the company’s stock worth $2,307,000 after acquiring an additional 13,377 shares during the period. TriaGen Wealth Management LLC raised its holdings in shares of Airbnb by 17.5% during the 3rd quarter. TriaGen Wealth Management LLC now owns 16,712 shares of the company’s stock worth $2,119,000 after acquiring an additional 2,492 shares during the period. Finally, Verde Capital Management grew its holdings in shares of Airbnb by 7.5% in the third quarter. Verde Capital Management now owns 16,849 shares of the company’s stock valued at $2,137,000 after purchasing an additional 1,170 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $136.01, for a total transaction of $68,005.00. Following the completion of the sale, the chief technology officer now owns 185,414 shares in the company, valued at $25,218,158.14. This represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nathan Blecharczyk sold 9,603 shares of Airbnb stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the transaction, the insider now owns 164,850 shares in the company, valued at approximately $21,466,767. This trade represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,608,005 shares of company stock worth $214,394,023. Company insiders own 27.83% of the company’s stock.

Wall Street Analysts Forecast Growth

ABNB has been the topic of several analyst reports. Wells Fargo & Company reduced their price target on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Baird R W upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday. Truist Financial cut their price objective on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Wedbush reissued an “outperform” rating and set a $155.00 target price on shares of Airbnb in a research note on Tuesday, February 4th. Finally, DA Davidson lifted their target price on Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday. Five analysts have rated the stock with a sell rating, twenty have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $145.79.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $161.42 on Friday. The stock has a market cap of $102.34 billion, a P/E ratio of 56.64, a P/E/G ratio of 1.88 and a beta of 1.12. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The stock has a 50 day moving average of $133.49 and a two-hundred day moving average of $130.11. 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 (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. On average, research analysts forecast that Airbnb, Inc. will post 3.97 earnings per share for the current year.

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.