Global Retirement Partners LLC Has $280,000 Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Global Retirement Partners LLC lifted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 19.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,128 shares of the company’s stock after buying an additional 351 shares during the period. Global Retirement Partners LLC’s holdings in Airbnb were worth $280,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Verde Capital Management raised its stake in Airbnb by 25.3% during the fourth quarter. Verde Capital Management now owns 21,118 shares of the company’s stock worth $2,775,000 after acquiring an additional 4,269 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Airbnb during the 3rd quarter worth approximately $34,982,000. Tri Ri Asset Management Corp bought a new position in Airbnb in the 3rd quarter valued at approximately $6,352,000. J.W. Cole Advisors Inc. lifted its stake in Airbnb by 86.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock valued at $583,000 after purchasing an additional 2,132 shares during the last quarter. Finally, Baltimore Washington Financial Advisors Inc. boosted its position in Airbnb by 14.8% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock valued at $6,498,000 after buying an additional 6,357 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Evercore ISI increased their price target on Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. Wells Fargo & Company dropped their target price on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Truist Financial cut their price target on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research note on Wednesday, December 4th. Citigroup upped their price objective on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Baird R W upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Five analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and a consensus target price of $146.48.

Airbnb Stock Performance

Shares of ABNB stock opened at $144.82 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $135.71 and a two-hundred day simple moving average of $131.30. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The firm has a market capitalization of $91.31 billion, a PE ratio of 35.07, a price-to-earnings-growth ratio of 3.74 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 500 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total value 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Brian Chesky sold 230,772 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the completion of the sale, the chief executive officer now owns 12,000,913 shares of the company’s stock, valued at approximately $1,934,067,139.08. This represents a 1.89 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,876,329 shares of company stock valued at $265,258,279. Corporate insiders own 27.83% of the company’s stock.

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.