Farther Finance Advisors LLC Purchases 924 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Farther Finance Advisors LLC grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 35.1% during the fourth quarter, HoldingsChannel reports. The firm owned 3,559 shares of the company’s stock after buying an additional 924 shares during the period. Farther Finance Advisors LLC’s holdings in Airbnb were worth $468,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in Airbnb during the fourth quarter worth $25,000. Berbice Capital Management LLC bought a new position in Airbnb during the fourth quarter worth $26,000. Whipplewood Advisors LLC bought a new position in Airbnb during the fourth quarter worth $44,000. Cromwell Holdings LLC boosted its stake in Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after acquiring an additional 170 shares in the last quarter. Finally, Quarry LP bought a new position in Airbnb during the third quarter worth $55,000. 80.76% of the stock is owned by institutional investors.

Insider Transactions at Airbnb

In other news, CEO Brian Chesky sold 38,461 shares of the 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 transaction, the chief executive officer now owns 12,537,369 shares in the company, valued at $1,674,741,751.02. This represents a 0.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $135.35, for a total transaction of $94,745.00. Following the completion of the transaction, the chief technology officer now owns 184,714 shares in the company, valued at $25,001,039.90. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,269,494 shares of company stock worth $318,203,453 in the last quarter. Company insiders own 27.83% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on ABNB shares. HSBC upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Jefferies Financial Group upgraded shares of Airbnb from a “hold” rating to a “buy” rating and upped their price objective for the stock from $165.00 to $185.00 in a report on Monday, March 10th. JMP Securities restated a “market perform” rating on shares of Airbnb in a report on Friday, February 14th. Evercore ISI upped their price objective on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a report on Wednesday, January 15th. Finally, Needham & Company LLC restated a “hold” rating on shares of Airbnb in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $148.15.

Airbnb Price Performance

ABNB opened at $122.86 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market capitalization of $77.47 billion, a P/E ratio of 29.75, a P/E/G ratio of 3.52 and a beta of 1.10. The company’s 50-day simple moving average is $136.23 and its two-hundred day simple moving average is $133.07. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10.

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 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%. As a group, analysts predict that Airbnb, Inc. will post 4.31 EPS for the current 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.