Investment House LLC Makes New Investment in Airbnb, Inc. (NASDAQ:ABNB)

Investment House LLC purchased a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, Holdings Channel reports. The fund purchased 19,890 shares of the company’s stock, valued at approximately $2,614,000.

A number of other large investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at $25,000. Berbice Capital Management LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at $26,000. Whipplewood Advisors LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at $44,000. Cromwell Holdings LLC raised its stake in shares of Airbnb by 82.5% in the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after acquiring an additional 170 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Airbnb in the third quarter valued at $55,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Price Performance

ABNB stock opened at $124.56 on Wednesday. The firm has a 50 day moving average of $135.93 and a 200-day moving average of $133.20. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. 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 company has a market cap of $78.54 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, equities analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ABNB shares. B. Riley increased their price objective on Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. UBS Group increased their price objective on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Argus upgraded Airbnb from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Truist Financial dropped their target price on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Finally, Hsbc Global Res raised Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $148.15.

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total transaction of $89,705.00. Following the completion of the sale, the chief technology officer now directly owns 182,614 shares of the company’s stock, valued at $23,401,984.10. The trade was a 0.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.80, for a total transaction of $27,171,338.00. Following the sale, the director now directly owns 214,290 shares of the company’s stock, valued at $27,171,972. This represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,055,209 shares of company stock valued at $289,943,548. Company 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.