Synergy Financial Group LTD Acquires 759 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Synergy Financial Group LTD boosted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 14.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,074 shares of the company’s stock after buying an additional 759 shares during the period. Synergy Financial Group LTD’s holdings in Airbnb were worth $798,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Golden State Wealth Management LLC purchased a new position in shares of Airbnb in the fourth quarter worth $25,000. Hollencrest Capital Management raised its stake in 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. Berbice Capital Management LLC acquired a new stake in Airbnb during the 4th quarter worth about $26,000. Ashton Thomas Securities LLC purchased a new stake in Airbnb during the 3rd quarter valued at about $30,000. Finally, Cromwell Holdings LLC increased its holdings in shares of Airbnb by 82.5% in the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after purchasing an additional 170 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on ABNB shares. Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Piper Sandler increased their price objective on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. JMP Securities restated a “market perform” rating on shares of Airbnb in a research report on Friday, February 14th. Gordon Haskett raised Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price target on the stock in a research report on Friday, February 14th. Finally, Bank of America boosted their price objective on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Five analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $146.48.

Insider Buying and Selling

In other news, CTO Aristotle N. Balogh sold 500 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $136.01, for a total value of $68,005.00. Following the completion of the sale, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at approximately $25,218,158.14. This represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nathan Blecharczyk sold 2,712 shares of Airbnb stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $156.32, for a total value of $423,939.84. Following the completion of the sale, the insider now owns 159,337 shares in the company, valued at approximately $24,907,559.84. This trade represents a 1.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,876,329 shares of company stock worth $265,258,279 over the last 90 days. 27.83% of the stock is owned by insiders.

Airbnb Stock Down 0.9 %

Shares of NASDAQ ABNB opened at $144.82 on Tuesday. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The stock has a market cap of $91.31 billion, a P/E ratio of 35.07, a PEG ratio of 3.52 and a beta of 1.12. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The business’s fifty day simple moving average is $135.71 and its 200-day simple moving average is $131.30.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. As a group, equities analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

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.