Creative Financial Designs Inc. ADV Buys 161 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Creative Financial Designs Inc. ADV lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 15.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,178 shares of the company’s stock after acquiring an additional 161 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Airbnb were worth $155,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new stake in Airbnb in the fourth quarter worth approximately $25,000. Berbice Capital Management LLC bought a new stake in shares of Airbnb in the 4th quarter worth approximately $26,000. Whipplewood Advisors LLC purchased a new stake in shares of Airbnb in the 4th quarter valued at $44,000. Cromwell Holdings LLC grew its holdings in shares of Airbnb by 82.5% during the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after purchasing an additional 170 shares during the last quarter. Finally, Quarry LP purchased a new position in Airbnb in the 3rd quarter worth $55,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Airbnb

In other news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $135.35, for a total transaction of $94,745.00. Following the sale, the chief technology officer now owns 184,714 shares in the company, valued at $25,001,039.90. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brian Chesky sold 38,461 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $126.60, for a total transaction of $4,869,162.60. Following the sale, the chief executive officer now directly owns 11,770,144 shares of the company’s stock, valued at $1,490,100,230.40. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,094,370 shares of company stock valued at $294,900,910. 27.83% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ABNB has been the subject of several analyst reports. B. Riley upped their price target on shares of Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Wedbush restated an “outperform” rating and set a $155.00 price target on shares of Airbnb in a research report on Tuesday, February 4th. Morgan Stanley boosted their price objective on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research report on Monday, January 13th. Benchmark raised their target price on shares of Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, Canaccord Genuity Group upped their price target on shares of Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a report on Friday, February 14th. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $148.15.

Airbnb Stock Performance

Shares of ABNB opened at $126.15 on Friday. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market cap of $79.54 billion, a P/E ratio of 30.54, a P/E/G ratio of 3.52 and a beta of 1.10. The business’s 50 day moving average price is $135.74 and its 200-day moving average price is $133.10.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Equities research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

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.