Ameritas Advisory Services LLC lifted its position in shares of Airbnb, Inc. (NASDAQ:ABNB – Free Report) by 53.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,193 shares of the company’s stock after acquiring an additional 1,106 shares during the period. Ameritas Advisory Services LLC’s holdings in Airbnb were worth $420,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in Airbnb during the third quarter worth $34,982,000. Tri Ri Asset Management Corp bought a new position in shares of Airbnb in the 3rd quarter worth $6,352,000. J.W. Cole Advisors Inc. increased its position in shares of Airbnb by 86.5% during the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after acquiring an additional 2,132 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Airbnb by 40.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock worth $90,123,000 after purchasing an additional 197,558 shares during the last quarter. Finally, Shellback Capital LP purchased a new position in shares of Airbnb during the second quarter valued at approximately $22,744,000. Institutional investors and hedge funds own 80.76% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently commented on ABNB shares. Morgan Stanley increased their price target on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research report on Monday, January 13th. TD Cowen increased their price objective on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, November 8th. Evercore ISI boosted their price target on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research report on Wednesday, January 15th. Barclays raised their target price on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Finally, Phillip Securities reaffirmed a “reduce” rating and set a $120.00 target price on shares of Airbnb in a report on Tuesday, November 12th. Six analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $139.63.
Airbnb Price Performance
ABNB opened at $133.24 on Friday. The stock has a market cap of $84.47 billion, a P/E ratio of 46.75, a PEG ratio of 1.81 and a beta of 1.13. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. 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 business has a fifty day moving average of $134.08 and a 200 day moving average of $131.56.
Airbnb (NASDAQ:ABNB – Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter in the prior year, the business posted $2.39 EPS. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 3.98 EPS for the current year.
Insider Buying and Selling
In other news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $135.33, for a total value of $81,198.00. Following the completion of the transaction, the chief technology officer now directly owns 192,244 shares in the company, valued at $26,016,380.52. This trade represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 9,603 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the sale, the insider now directly owns 164,850 shares in the company, valued at $21,466,767. This trade represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,169,543 shares of company stock worth $155,659,368 in the last 90 days. 27.83% of the stock is 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.
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