LPL Financial LLC Boosts Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

LPL Financial LLC increased its position in Airbnb, Inc. (NASDAQ:ABNB) by 19.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 267,517 shares of the company’s stock after purchasing an additional 42,725 shares during the period. LPL Financial LLC’s holdings in Airbnb were worth $35,226,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ABNB. Verde Capital Management grew its stake in shares of Airbnb by 25.3% in the fourth 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. Tri Ri Asset Management Corp purchased a new stake in Airbnb in the third quarter worth approximately $6,352,000. Baltimore Washington Financial Advisors Inc. grew its position in Airbnb by 14.8% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock worth $6,498,000 after purchasing an additional 6,357 shares during the period. Assenagon Asset Management S.A. raised its stake in Airbnb by 40.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock valued at $90,123,000 after buying an additional 197,558 shares during the last quarter. Finally, Sarasin & Partners LLP bought a new position in shares of Airbnb during the 4th quarter valued at $2,272,000. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Performance

NASDAQ ABNB opened at $120.69 on Friday. 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, Inc. has a 1-year low of $110.38 and a 1-year high of $166.74. The business has a 50 day simple moving average of $135.29 and a two-hundred day simple moving average of $133.58. The stock has a market capitalization of $76.10 billion, a PE ratio of 29.22, a P/E/G ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last posted 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 net margin of 23.85% and a return on equity of 32.29%. On average, research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on ABNB. Robert W. Baird cut their price objective on Airbnb from $175.00 to $160.00 and set an “outperform” rating for the company in a report on Tuesday. UBS Group boosted their price target on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Bank of America upped their price target on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. DA Davidson raised their price objective on shares of Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Finally, The Goldman Sachs Group raised shares of Airbnb from a “sell” rating to a “neutral” rating and upped their target price for the company from $110.00 to $153.00 in a report on Friday, February 14th. Five equities research 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 company. Based on data from MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average price target of $147.36.

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $129.55, for a total value of $90,685.00. Following the completion of the sale, the chief technology officer now directly owns 170,719 shares of the company’s stock, valued at $22,116,646.45. This trade represents a 0.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian Chesky sold 38,461 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $135.82, for a total value of $5,223,773.02. Following the transaction, the chief executive officer now directly owns 12,498,908 shares in the company, valued at approximately $1,697,601,684.56. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,270,894 shares of company stock valued at $317,578,168 in the last three months. Corporate insiders own 27.83% of the company’s stock.

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.