620 Shares in Airbnb, Inc. (NASDAQ:ABNB) Purchased by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC bought a new stake in Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, HoldingsChannel.com reports. The fund bought 620 shares of the company’s stock, valued at approximately $81,000.

Other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in shares of Airbnb by 6,085.6% in the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after purchasing an additional 4,172,985 shares during the last quarter. Meritage Group LP bought a new position in Airbnb in the third quarter valued at $160,985,000. Edgewood Management LLC grew its position in Airbnb by 9.2% in the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after purchasing an additional 1,143,464 shares in the last quarter. International Assets Investment Management LLC increased its stake in Airbnb by 19,430.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock valued at $1,419,610,000 after buying an additional 1,113,747 shares during the last quarter. Finally, Temasek Holdings Private Ltd lifted its position in Airbnb by 91.3% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock worth $294,726,000 after buying an additional 1,109,076 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Insiders Place Their Bets

In related news, Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $129.21, for a total transaction of $27,687,764.85. Following the completion of the sale, the director now directly owns 857,145 shares in the company, valued at $110,751,705.45. This represents a 20.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Aristotle N. Balogh sold 500 shares of the firm’s stock in a transaction dated 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 directly owns 185,414 shares in the company, valued at $25,218,158.14. This trade represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,372,293 shares of company stock worth $181,759,318 over the last ninety days. Corporate insiders own 27.83% of the company’s stock.

Airbnb Stock Down 0.5 %

NASDAQ ABNB opened at $131.17 on Friday. The company has a market cap of $83.16 billion, a price-to-earnings ratio of 46.02, a PEG ratio of 1.74 and a beta of 1.13. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year 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 50 day moving average of $133.69 and a 200-day moving average of $130.78.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the company posted $2.39 earnings per share. On average, equities research analysts expect that Airbnb, Inc. will post 3.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Robert W. Baird lifted their target price on Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Benchmark restated a “buy” rating and issued a $155.00 price target on shares of Airbnb in a research note on Friday, November 8th. Susquehanna upped their price objective on Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research note on Monday, November 11th. Morgan Stanley boosted their target price on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Finally, Bank of America increased their price target on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Airbnb presently has a consensus rating of “Hold” and a consensus price target of $139.63.

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.