Airbnb, Inc. (NASDAQ:ABNB) Stake Increased by PDS Planning Inc

PDS Planning Inc increased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 10.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,110 shares of the company’s stock after acquiring an additional 205 shares during the quarter. PDS Planning Inc’s holdings in Airbnb were worth $277,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ABNB. Golden State Wealth Management LLC bought a new stake in Airbnb during the fourth quarter valued at $25,000. Berbice Capital Management LLC acquired a new position in shares of Airbnb during the fourth quarter valued at $26,000. Whipplewood Advisors LLC acquired a new position in shares of Airbnb during the fourth quarter valued at $44,000. Cromwell Holdings LLC lifted its holdings in Airbnb by 82.5% in the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after purchasing an additional 170 shares during the period. Finally, Quarry LP acquired a new stake in Airbnb in the third quarter worth about $55,000. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Truist Financial reduced their price objective on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a report on Wednesday, December 4th. Canaccord Genuity Group upped their price objective on shares of Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Robert W. Baird raised shares of Airbnb from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $140.00 to $175.00 in a report on Friday, February 14th. Hsbc Global Res raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Finally, UBS Group upped their price objective on shares of Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $148.15.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $131.87, for a total value of $2,637,400.00. Following the completion of the sale, the chief technology officer now owns 185,414 shares of the company’s stock, valued at approximately $24,450,544.18. The trade was a 9.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Brian Chesky sold 38,461 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $133.58, for a total value of $5,137,620.38. Following the completion of the sale, the chief executive officer now directly owns 12,537,369 shares of the company’s stock, valued at approximately $1,674,741,751.02. The trade was a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,055,209 shares of company stock valued at $289,943,548. 27.83% of the stock is owned by corporate insiders.

Airbnb Price Performance

Shares of ABNB opened at $124.56 on Wednesday. The company has a market capitalization of $78.54 billion, a price-to-earnings ratio of 30.16, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The business’s 50-day moving average is $135.93 and its 200-day moving average is $133.20.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating 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%. Equities research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal 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.