Frank Rimerman Advisors LLC Buys 689 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Frank Rimerman Advisors LLC increased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 19.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,256 shares of the company’s stock after acquiring an additional 689 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Airbnb were worth $559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in Airbnb during the 4th quarter worth approximately $25,000. Berbice Capital Management LLC purchased a new stake in Airbnb in the 4th quarter worth approximately $26,000. Whipplewood Advisors LLC purchased a new stake in Airbnb in the 4th quarter worth approximately $44,000. Cromwell Holdings LLC lifted its holdings in Airbnb by 82.5% in the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after buying an additional 170 shares during the period. Finally, Quarry LP purchased a new stake in Airbnb in the 3rd quarter worth approximately $55,000. 80.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $131.88, for a total value of $28,259,905.80. Following the completion of the sale, the director now owns 1,285,715 shares of the company’s stock, valued at $169,560,094.20. The trade was a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $135.35, for a total value of $94,745.00. Following the sale, the chief technology officer now directly owns 184,714 shares of the company’s stock, valued at $25,001,039.90. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,269,494 shares of company stock valued at $318,203,453 over the last 90 days. Company insiders own 27.83% of the company’s stock.

Airbnb Stock Up 2.9 %

Airbnb stock opened at $122.86 on Monday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The firm has a market cap of $77.47 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 3.52 and a beta of 1.10. The stock has a fifty day simple moving average of $136.23 and a two-hundred day simple moving average of $133.07.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping 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%. Equities analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ABNB shares. Susquehanna increased their price objective on Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a report on Tuesday, February 18th. Wells Fargo & Company dropped their price objective on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Baird R W upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Bank of America raised their target price on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Finally, Wedbush restated an “outperform” rating and issued a $155.00 target price on shares of Airbnb in a research note on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and a consensus price target of $148.15.

Airbnb 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.