Toth Financial Advisory Corp Has $91,000 Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Toth Financial Advisory Corp increased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 59.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 696 shares of the company’s stock after purchasing an additional 259 shares during the quarter. Toth Financial Advisory Corp’s holdings in Airbnb were worth $91,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ABNB. Pacer Advisors Inc. grew its holdings in shares of Airbnb by 6,085.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after purchasing an additional 4,172,985 shares in the last quarter. Meritage Group LP bought a new stake in Airbnb in the 3rd quarter valued at $160,985,000. Edgewood Management LLC raised its stake in shares of Airbnb by 9.2% in the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after buying an additional 1,143,464 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Airbnb by 19,430.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock worth $1,419,610,000 after acquiring an additional 1,113,747 shares during the period. Finally, Temasek Holdings Private Ltd boosted its position in shares of Airbnb by 91.3% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock valued at $294,726,000 after acquiring an additional 1,109,076 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Insider Activity at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total value of $28,088,477.80. Following the transaction, the director now owns 10,321 shares of the company’s stock, valued at approximately $1,352,876.68. The trade was a 95.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $135.33, for a total transaction of $81,198.00. Following the completion of the transaction, the chief technology officer now directly owns 192,244 shares of the company’s stock, valued at approximately $26,016,380.52. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,169,543 shares of company stock worth $155,659,368 in the last ninety days. Company insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ABNB. Jefferies Financial Group increased their price target on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Evercore ISI raised their target price on Airbnb to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, January 15th. Citigroup upped their price target on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Susquehanna lifted 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, JPMorgan Chase & Co. boosted their target price on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and an average price target of $139.63.

Airbnb Price Performance

ABNB opened at $127.09 on Friday. The company has a fifty day moving average price of $133.97 and a two-hundred day moving average price of $131.24. The firm has a market capitalization of $80.57 billion, a PE ratio of 44.59, a P/E/G ratio of 1.80 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 debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the company posted $2.39 EPS. As a group, analysts anticipate that Airbnb, Inc. will post 3.98 earnings per share for the current year.

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.