Pittenger & Anderson Inc. Purchases 755 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Pittenger & Anderson Inc. raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 32.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,110 shares of the company’s stock after acquiring an additional 755 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Airbnb were worth $409,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new stake in Airbnb in the 3rd quarter valued at about $25,000. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at approximately $25,000. Hollencrest Capital Management boosted its stake in shares of Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the period. Berbice Capital Management LLC acquired a new position in shares of Airbnb during the 4th quarter worth approximately $26,000. Finally, Ashton Thomas Securities LLC bought a new stake in Airbnb in the 3rd quarter valued at $30,000. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Up 14.4 %

Shares of ABNB opened at $161.42 on Tuesday. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $102.34 billion, a PE ratio of 56.64, a PEG ratio of 1.88 and a beta of 1.12. The stock’s 50-day moving average price is $133.97 and its two-hundred day moving average price is $130.23.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. On average, analysts anticipate that Airbnb, Inc. will post 3.97 EPS for the current year.

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 190,301 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $140.51, for a total value of $26,739,193.51. Following the completion of the sale, the chief executive officer now directly owns 12,231,685 shares in the company, valued at approximately $1,718,674,059.35. This trade represents a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total transaction of $89,705.00. Following the transaction, the chief technology officer now owns 182,614 shares in the company, valued at $23,401,984.10. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,393,720 shares of company stock valued at $186,305,545 over the last 90 days. Company insiders own 27.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Truist Financial reduced their price objective on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Citigroup upped their price target on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Morgan Stanley upped their target price on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research report on Monday, January 13th. UBS Group increased their target price on Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, DA Davidson upped their price objective on Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a report on Friday. Five investment analysts have rated the stock with a sell rating, twenty have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $145.79.

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.