Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 14.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,451 shares of the company’s stock after buying an additional 311 shares during the quarter. Burns Matteson Capital Management LLC’s holdings in Airbnb were worth $322,000 as of its most recent filing with the Securities and Exchange Commission.

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

Airbnb Stock Up 1.8 %

ABNB opened at $134.98 on Monday. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The business has a 50 day moving average price of $132.98 and a two-hundred day moving average price of $129.94. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a market cap of $85.57 billion, a PE ratio of 47.36, a P/E/G ratio of 1.88 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the business earned $2.39 earnings per share. As a group, research analysts anticipate that Airbnb, Inc. will post 3.97 EPS for the current year.

Insiders Place Their Bets

In other news, CAO David C. Bernstein sold 1,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 40,581 shares of the company’s stock, valued at approximately $5,559,597. This represents a 2.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 76,923 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $139.94, for a total value of $10,764,604.62. Following the completion of the sale, the chief executive officer now directly owns 12,616,300 shares of the company’s stock, valued at $1,765,525,022. This represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,417,704 shares of company stock worth $187,654,829. 27.83% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Truist Financial dropped their price target on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research note on Wednesday, December 4th. Wedbush reissued an “outperform” rating and set a $155.00 target price on shares of Airbnb in a research note on Tuesday, February 4th. Morgan Stanley increased their price target on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research report on Monday, January 13th. Benchmark reiterated a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a research note on Friday, November 8th. Finally, Bank of America upped their target price on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Six research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $139.63.

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.