2,530 Shares in Airbnb, Inc. (NASDAQ:ABNB) Purchased by Allegiance Financial Group Advisory Services LLC

Allegiance Financial Group Advisory Services LLC acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,530 shares of the company’s stock, valued at approximately $332,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of ABNB. Verde Capital Management grew its stake in Airbnb by 25.3% in the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock worth $2,775,000 after acquiring an additional 4,269 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Airbnb in the 3rd quarter worth $34,982,000. Tri Ri Asset Management Corp acquired a new position in Airbnb in the 3rd quarter worth $6,352,000. J.W. Cole Advisors Inc. lifted its holdings in Airbnb by 86.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after buying an additional 2,132 shares in the last quarter. Finally, Baltimore Washington Financial Advisors Inc. raised its stake in shares of Airbnb by 14.8% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock valued at $6,498,000 after purchasing an additional 6,357 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total value of $89,705.00. Following the completion of the sale, the chief technology officer now owns 182,614 shares in the company, valued at $23,401,984.10. This represents a 0.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nathan Blecharczyk sold 2,712 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $156.32, for a total transaction of $423,939.84. Following the completion of the sale, the insider now owns 159,337 shares of the company’s stock, valued at approximately $24,907,559.84. The trade was a 1.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,876,329 shares of company stock valued at $265,258,279 over the last ninety days. Insiders own 27.83% of the company’s stock.

Airbnb Stock Up 1.8 %

ABNB stock opened at $144.03 on Thursday. 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 $90.82 billion, a PE ratio of 34.87, a P/E/G ratio of 3.52 and a beta of 1.12. The firm has a 50 day simple moving average of $136.22 and a 200 day simple moving average of $131.58. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Equities research analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ABNB shares. Phillip Securities restated a “reduce” rating and issued a $120.00 target price on shares of Airbnb in a research note on Tuesday, November 12th. Wells Fargo & Company cut their target price on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Evercore ISI upped their target price on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. HSBC upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a research report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $146.48.

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.