VisionPoint Advisory Group LLC Invests $72,000 in Airbnb, Inc. (NASDAQ:ABNB)

VisionPoint Advisory Group LLC bought a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 547 shares of the company’s stock, valued at approximately $72,000.

Other institutional investors also recently bought and sold shares of the company. Cromwell Holdings LLC grew its holdings in Airbnb by 82.5% in the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after purchasing an additional 170 shares during the last quarter. ING Groep NV boosted its position in shares of Airbnb by 56.2% in the 4th quarter. ING Groep NV now owns 139,863 shares of the company’s stock worth $18,379,000 after purchasing an additional 50,299 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in Airbnb by 4.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 5,585 shares of the company’s stock worth $734,000 after buying an additional 247 shares during the last quarter. Handelsbanken Fonder AB grew its stake in Airbnb by 3.0% during the 4th quarter. Handelsbanken Fonder AB now owns 145,321 shares of the company’s stock worth $19,097,000 after buying an additional 4,192 shares during the last quarter. Finally, Wealth Alliance increased its position in Airbnb by 17.4% during the 4th quarter. Wealth Alliance now owns 2,496 shares of the company’s stock valued at $328,000 after buying an additional 370 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Airbnb

In other Airbnb news, CEO Brian Chesky sold 115,385 shares of Airbnb stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $160.32, for a total transaction of $18,498,523.20. Following the sale, the chief executive officer now owns 11,885,528 shares of the company’s stock, valued at $1,905,487,848.96. The trade was a 0.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $161.05, for a total transaction of $112,735.00. Following the sale, the chief technology officer now directly owns 180,514 shares of the company’s stock, valued at approximately $29,071,779.70. This represents a 0.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,950,540 shares of company stock valued at $275,598,944 over the last 90 days. Corporate insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. B. Riley raised their price target on Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. UBS Group lifted their target price on shares of Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Hsbc Global Res upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. TD Cowen raised their price target on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, JMP Securities reissued a “market perform” rating on shares of Airbnb in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $147.00.

Airbnb Stock Down 5.9 %

Shares of ABNB opened at $146.07 on Friday. The firm has a market cap of $92.60 billion, a P/E ratio of 35.37, a PEG ratio of 3.81 and a beta of 1.12. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The stock’s 50 day moving average is $135.45 and its two-hundred day moving average is $130.96. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

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