Whitaker Myers Wealth Managers LTD. Takes $269,000 Position in Airbnb, Inc. (NASDAQ:ABNB)

Whitaker Myers Wealth Managers LTD. purchased a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,046 shares of the company’s stock, valued at approximately $269,000.

Other large investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Airbnb in the 3rd quarter valued at approximately $34,982,000. Tri Ri Asset Management Corp acquired a new position in Airbnb in the 3rd quarter valued at approximately $6,352,000. J.W. Cole Advisors Inc. increased its stake in Airbnb by 86.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock valued at $583,000 after buying an additional 2,132 shares during the period. Shellback Capital LP acquired a new position in Airbnb in the 2nd quarter valued at approximately $22,744,000. Finally, Assenagon Asset Management S.A. increased its stake in Airbnb by 40.5% in 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 period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on ABNB. Raymond James began coverage on shares of Airbnb in a research report on Friday, September 27th. They issued a “market perform” rating and a $134.00 target price for the company. Wells Fargo & Company decreased their target price on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday. JMP Securities reissued a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. Piper Sandler boosted their target price on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, DA Davidson boosted their target price on shares of Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Six investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $139.63.

Airbnb Trading Up 2.2 %

Shares of Airbnb stock opened at $135.12 on Friday. The stock has a market capitalization of $85.66 billion, a P/E ratio of 47.41, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a 50-day simple moving average of $134.16 and a 200 day simple moving average of $132.11. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter last year, the business earned $2.39 EPS. Research analysts expect that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 500 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $136.01, for a total transaction of $68,005.00. Following the sale, the chief technology officer now owns 185,414 shares of the company’s stock, valued at $25,218,158.14. This represents a 0.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 76,923 shares of the 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 approximately $1,765,525,022. This represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,130,982 shares of company stock valued at $150,523,585 in the last 90 days. 27.83% of the stock is currently owned by insiders.

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.