Diversify Wealth Management LLC Grows Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Diversify Wealth Management LLC lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 52.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,682 shares of the company’s stock after acquiring an additional 10,861 shares during the quarter. Diversify Wealth Management LLC’s holdings in Airbnb were worth $4,107,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ABNB. Grove Bank & Trust increased its holdings in Airbnb by 28.5% during the 4th quarter. Grove Bank & Trust now owns 20,758 shares of the company’s stock worth $2,728,000 after purchasing an additional 4,610 shares during the period. Clarius Group LLC grew its position in shares of Airbnb by 39.0% during the 4th quarter. Clarius Group LLC now owns 2,352 shares of the company’s stock worth $309,000 after buying an additional 660 shares in the last quarter. Aaron Wealth Advisors LLC increased its stake in shares of Airbnb by 36.2% during the fourth quarter. Aaron Wealth Advisors LLC now owns 3,993 shares of the company’s stock valued at $525,000 after buying an additional 1,061 shares during the period. Whitaker Myers Wealth Managers LTD. bought a new stake in shares of Airbnb in the fourth quarter valued at about $269,000. Finally, Kera Capital Partners Inc. purchased a new stake in Airbnb in the fourth quarter worth about $302,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on ABNB. Evercore ISI boosted their price target on shares of Airbnb to $155.00 and gave the company a “hold” rating in a report on Wednesday, January 15th. Wedbush upped their target price on Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. TD Cowen lifted their price target on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, November 8th. Wells Fargo & Company decreased their price objective on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research note on Thursday. Finally, Phillip Securities reiterated a “reduce” rating and issued a $120.00 target price on shares of Airbnb in a research note on Tuesday, November 12th. Six analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $139.63.

Airbnb Stock Performance

NASDAQ ABNB opened at $135.12 on Monday. The firm has a market capitalization of $85.66 billion, a P/E ratio of 47.41, a PEG ratio of 1.63 and a beta of 1.13. The stock has a 50-day simple moving average of $134.16 and a two-hundred day simple moving average of $131.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the prior year, the business posted $2.39 earnings per share. On average, equities analysts forecast that Airbnb, Inc. will post 3.99 earnings per share for the current year.

Insider Activity

In other news, CEO Brian Chesky sold 76,923 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the sale, the chief executive officer now directly owns 12,616,300 shares in the company, valued at $1,765,525,022. This trade represents a 0.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 500 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was 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 of the company’s stock, valued at $25,218,158.14. The trade was a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,130,982 shares of company stock valued at $150,523,585 in the last three months. 27.83% of the stock is currently owned by corporate insiders.

About Airbnb

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.