Wedmont Private Capital Boosts Stake in Airbnb, Inc. (NASDAQ:ABNB)

Wedmont Private Capital grew its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 26.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,505 shares of the company’s stock after acquiring an additional 727 shares during the quarter. Wedmont Private Capital’s holdings in Airbnb were worth $454,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ABNB. Northwest Investment Counselors LLC bought a new stake in Airbnb during the third quarter worth about $25,000. Hollencrest Capital Management lifted its holdings in shares of Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Airbnb in the 3rd quarter valued at $30,000. Quarry LP bought a new position in shares of Airbnb during the 3rd quarter valued at $55,000. Finally, CVA Family Office LLC lifted its stake in Airbnb by 131.2% in the third quarter. CVA Family Office LLC now owns 474 shares of the company’s stock worth $60,000 after purchasing an additional 269 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Trading Up 3.9 %

Shares of ABNB stock opened at $132.52 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The company has a market cap of $84.01 billion, a price-to-earnings ratio of 46.50, a PEG ratio of 1.93 and a beta of 1.13. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The firm has a fifty day moving average price of $134.62 and a 200-day moving average price of $132.22.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter in the previous year, the company earned $2.39 EPS. As a group, equities analysts predict that Airbnb, Inc. will post 3.99 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Barclays boosted their target price on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Bank of America lifted their target price on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Jefferies Financial Group raised their price target on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Piper Sandler increased their target price on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Susquehanna boosted their price target on Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a report on Monday, November 11th. Six research 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’s stock. According to data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and a consensus price target of $139.81.

Insider Transactions at Airbnb

In other news, insider Nathan Blecharczyk sold 9,603 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the transaction, the insider now owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 500 shares of Airbnb stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total transaction of $68,005.00. Following the completion of the sale, the chief technology officer now owns 185,414 shares in the company, valued at approximately $25,218,158.14. This represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 915,997 shares of company stock valued at $122,800,660 over 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.