Whipplewood Advisors LLC Takes $44,000 Position in Airbnb, Inc. (NASDAQ:ABNB)

Whipplewood Advisors LLC acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 337 shares of the company’s stock, valued at approximately $44,000.

Several other large investors have also modified their holdings of ABNB. Pacer Advisors Inc. boosted 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 acquiring an additional 4,172,985 shares during the period. Meritage Group LP acquired a new stake in shares of Airbnb in the third quarter valued at approximately $160,985,000. Principal Financial Group Inc. boosted its holdings in shares of Airbnb by 174.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock valued at $245,268,000 after acquiring an additional 1,185,892 shares during the period. Edgewood Management LLC boosted its holdings in shares of 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 acquiring an additional 1,143,464 shares during the period. Finally, Temasek Holdings Private Ltd lifted its holdings in shares of Airbnb by 91.3% during the third quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock worth $294,726,000 after purchasing an additional 1,109,076 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Baird R W raised Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Robert W. Baird raised Airbnb from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $140.00 to $175.00 in a report on Friday, February 14th. DA Davidson increased their price target on Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Barclays increased their price target on Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a report on Friday, February 14th. Finally, Gordon Haskett raised Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price target for the company in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $146.48.

Insider Activity

In other news, insider Nathan Blecharczyk sold 183,078 shares of Airbnb stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the transaction, the insider now directly owns 164,850 shares of the company’s stock, valued at $26,046,300. The trade was a 52.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Aristotle N. Balogh sold 500 shares of Airbnb 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 transaction, the chief technology officer now directly owns 185,414 shares in the company, valued at $25,218,158.14. This represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,117,468 shares of company stock valued at $299,565,586 in the last three months. Corporate insiders own 27.83% of the company’s stock.

Airbnb Stock Down 0.4 %

Shares of NASDAQ:ABNB opened at $138.87 on Friday. The stock’s 50-day moving average price is $136.52 and its two-hundred day moving average price is $131.81. 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, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The firm has a market cap of $87.56 billion, a price-to-earnings ratio of 33.62, a PEG ratio of 3.52 and a beta of 1.12.

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 32.29% and a net margin of 23.85%. On average, research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

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.