Certuity LLC Buys New Shares in Airbnb, Inc. (NASDAQ:ABNB)

Certuity LLC acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,913 shares of the company’s stock, valued at approximately $251,000.

Several other institutional investors also recently bought and sold shares of the business. CAP Partners LLC grew its stake in Airbnb by 3.6% during the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock worth $293,000 after buying an additional 77 shares during the period. Salvus Wealth Management LLC grew its stake in Airbnb by 2.5% during the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock worth $455,000 after buying an additional 84 shares during the period. First Horizon Advisors Inc. grew its stake in Airbnb by 19.3% during the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock worth $74,000 after buying an additional 94 shares during the period. Kingsview Wealth Management LLC grew its stake in Airbnb by 2.7% during the third quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock worth $468,000 after buying an additional 97 shares during the period. Finally, Y.D. More Investments Ltd grew its stake in Airbnb by 3.0% during the fourth quarter. Y.D. More Investments Ltd now owns 3,461 shares of the company’s stock worth $455,000 after buying an additional 100 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on ABNB. Citigroup boosted their price objective on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Truist Financial reduced their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research report on Wednesday, December 4th. Susquehanna boosted their target price on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research report on Monday, November 11th. Wells Fargo & Company reduced their target price on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Finally, Evercore ISI boosted their target price on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, January 15th. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $139.38.

Airbnb Stock Up 0.4 %

ABNB stock opened at $141.04 on Friday. The firm has a fifty day moving average price of $133.00 and a two-hundred day moving average price of $130.02. The firm has a market cap of $89.42 billion, a price-to-earnings ratio of 49.49, a PEG ratio of 1.88 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results 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 net margin of 16.96% and a return on equity of 32.88%. Research analysts predict that Airbnb, Inc. will post 3.97 EPS for the current year.

Insider Transactions at Airbnb

In related news, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $129.58, for a total value of $809,875.00. Following the completion of the transaction, the chief financial officer now owns 484,988 shares in the company, valued at $62,844,745.04. This represents a 1.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Nathan Blecharczyk sold 9,603 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the transaction, the insider now owns 164,850 shares of the company’s stock, valued at $21,466,767. This represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,417,704 shares of company stock worth $187,654,829. Insiders own 27.83% of the company’s stock.

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.