Center for Financial Planning Inc. Buys 901 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Center for Financial Planning Inc. lifted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 9,010.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 911 shares of the company’s stock after purchasing an additional 901 shares during the quarter. Center for Financial Planning Inc.’s holdings in Airbnb were worth $120,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in Airbnb in the 4th quarter worth approximately $25,000. Northwest Investment Counselors LLC purchased a new position in Airbnb in the 3rd quarter worth approximately $25,000. Berbice Capital Management LLC purchased a new position in Airbnb in the 4th quarter worth approximately $26,000. Hollencrest Capital Management raised its holdings in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in Airbnb in the 3rd quarter worth approximately $30,000. 80.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ABNB. Wells Fargo & Company decreased their price objective on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. JMP Securities restated a “market perform” rating on shares of Airbnb in a report on Friday. The Goldman Sachs Group upgraded shares of Airbnb from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $110.00 to $153.00 in a report on Friday. DA Davidson boosted their target price on shares of Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday. Finally, TD Cowen boosted their target price on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Five analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $145.79.

Airbnb Trading Up 14.4 %

Shares of ABNB stock opened at $161.42 on Friday. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market capitalization of $102.34 billion, a PE ratio of 56.64, a PEG ratio of 1.88 and a beta of 1.12. The stock has a fifty day simple moving average of $133.49 and a two-hundred day simple moving average of $130.17.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. On average, analysts predict that Airbnb, Inc. will post 3.97 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $136.01, for a total transaction of $68,005.00. Following the completion of the transaction, the chief technology officer now 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian Chesky sold 190,301 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $140.51, for a total value of $26,739,193.51. Following the transaction, the chief executive officer now owns 12,231,685 shares of the company’s stock, valued at approximately $1,718,674,059.35. The trade was a 1.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,608,005 shares of company stock worth $214,394,023. 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.