Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Red Spruce Capital LLC

Red Spruce Capital LLC boosted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,746 shares of the company’s stock after acquiring an additional 410 shares during the quarter. Airbnb accounts for approximately 1.2% of Red Spruce Capital LLC’s investment portfolio, making the stock its 29th biggest position. Red Spruce Capital LLC’s holdings in Airbnb were worth $2,726,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on ABNB shares. Raymond James initiated coverage on shares of Airbnb in a report on Friday, September 27th. They set a “market perform” rating and a $134.00 price target for the company. UBS Group increased their target price on Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Barclays lifted their price target on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Susquehanna increased their price objective on Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a report on Monday, November 11th. Finally, Jefferies Financial Group boosted their target price on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $139.63.

Insider Activity

In other news, insider Nathan Blecharczyk sold 9,603 shares of Airbnb stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the sale, the insider now owns 164,850 shares of the company’s stock, valued at $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Gebbia sold 11,635 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total value of $1,596,322.00. Following the transaction, the director now owns 16,472 shares in the company, valued at $2,259,958.40. This trade represents a 41.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,130,382 shares of company stock worth $150,441,919 in the last 90 days. 27.83% of the stock is currently owned by corporate insiders.

Airbnb Stock Performance

NASDAQ ABNB opened at $133.07 on Wednesday. The stock has a market capitalization of $84.36 billion, a price-to-earnings ratio of 46.69, a PEG ratio of 1.83 and a beta of 1.13. The business’s 50 day moving average is $134.11 and its two-hundred day moving average is $131.55. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share 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 business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the company earned $2.39 EPS. Research analysts expect that Airbnb, Inc. will post 3.98 EPS for the current year.

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.