Airbnb, Inc. (NASDAQ:ABNB) Position Boosted by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lifted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,352 shares of the company’s stock after purchasing an additional 630 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Airbnb were worth $2,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Verde Capital Management boosted its stake in shares of Airbnb by 25.3% during the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after buying an additional 4,269 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Airbnb during the third quarter worth $34,982,000. Tri Ri Asset Management Corp acquired a new stake in Airbnb during the third quarter valued at $6,352,000. J.W. Cole Advisors Inc. grew its stake in Airbnb by 86.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock valued at $583,000 after purchasing an additional 2,132 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Airbnb by 40.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock valued at $90,123,000 after purchasing an additional 197,558 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Airbnb

In related news, insider Nathan Blecharczyk sold 9,603 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the transaction, the insider now owns 164,850 shares in the company, valued at $21,466,767. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $129.58, for a total value of $90,706.00. Following the completion of the sale, the chief technology officer now owns 181,914 shares in the company, valued at $23,572,416.12. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,417,704 shares of company stock valued at $187,654,829. Company insiders own 27.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ABNB shares. Wells Fargo & Company reduced their price target on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Piper Sandler lifted their target price on shares of Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Citigroup increased their price target on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Susquehanna lifted their price objective on shares of Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a research note on Monday, November 11th. Finally, Phillip Securities reissued a “reduce” rating and set a $120.00 target price on shares of Airbnb in a research report on Tuesday, November 12th. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus target price of $139.63.

Airbnb Stock Down 0.5 %

ABNB opened at $134.52 on Wednesday. The company has a market capitalization of $85.28 billion, a P/E ratio of 47.20, a P/E/G ratio of 1.88 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The firm’s fifty day moving average price is $132.87 and its two-hundred day moving average price is $129.87. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10.

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.