U.S. Capital Wealth Advisors LLC Acquires 7,363 Shares of Airbnb, Inc. (NASDAQ:ABNB)

U.S. Capital Wealth Advisors LLC lifted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 385.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,271 shares of the company’s stock after purchasing an additional 7,363 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Airbnb were worth $1,218,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new position in shares of Airbnb during the third quarter worth approximately $25,000. Berbice Capital Management LLC bought a new position in shares of Airbnb during the fourth quarter worth approximately $26,000. Hollencrest Capital Management increased its stake in shares of Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Airbnb during the third quarter worth approximately $30,000. Finally, Quarry LP bought a new position in shares of Airbnb during the third quarter worth approximately $55,000. Institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

ABNB has been the topic of a number of recent research reports. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research note on Monday, December 16th. Barclays increased their price target on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Truist Financial reduced their price target on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research report on Wednesday, December 4th. Morgan Stanley increased their price target on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. Finally, Robert W. Baird increased their price target on Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Six research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $139.63.

Insider Buying and Selling

In other news, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total transaction of $89,705.00. Following the completion of the sale, the chief technology officer now owns 182,614 shares in the company, valued at $23,401,984.10. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nathan Blecharczyk sold 9,603 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the sale, the insider now owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. This represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,372,293 shares of company stock valued at $181,759,318. 27.83% of the stock is owned by company insiders.

Airbnb Stock Performance

ABNB stock opened at $130.74 on Wednesday. The stock has a 50-day moving average price of $133.29 and a 200-day moving average price of $130.27. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year 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. The firm has a market cap of $82.89 billion, a PE ratio of 45.87, a price-to-earnings-growth ratio of 1.72 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the business posted $2.39 earnings per share. As a group, equities research analysts expect that Airbnb, Inc. will post 3.98 earnings per share for the current 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.