D.A. Davidson & CO. Acquires 332 Shares of Airbnb, Inc. (NASDAQ:ABNB)

D.A. Davidson & CO. boosted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,907 shares of the company’s stock after buying an additional 332 shares during the quarter. D.A. Davidson & CO.’s holdings in Airbnb were worth $4,193,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Eastern Bank acquired a new stake in shares of Airbnb during the 3rd quarter worth approximately $105,000. Commerzbank Aktiengesellschaft FI grew its position in shares of Airbnb by 60.8% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 4,190 shares of the company’s stock worth $531,000 after buying an additional 1,585 shares during the period. International Assets Investment Management LLC grew its position 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 buying an additional 1,113,747 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in shares of Airbnb by 24.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 2,530 shares of the company’s stock worth $321,000 after buying an additional 500 shares during the period. Finally, IFM Investors Pty Ltd grew its position in shares of Airbnb by 0.7% during the 3rd quarter. IFM Investors Pty Ltd now owns 88,751 shares of the company’s stock worth $11,255,000 after buying an additional 634 shares during the period. Institutional investors own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In other news, CEO Brian Chesky sold 76,923 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the completion of the transaction, the chief executive officer now owns 12,616,300 shares of the company’s stock, valued at approximately $1,765,525,022. The trade was a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO David C. Bernstein sold 1,000 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $137.00, for a total value of $137,000.00. Following the transaction, the chief accounting officer now directly owns 40,581 shares of the company’s stock, valued at $5,559,597. The trade was a 2.40 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,950,540 shares of company stock valued at $275,598,944. 27.83% of the stock is owned by corporate insiders.

Airbnb Stock Down 1.7 %

ABNB stock opened at $155.31 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $98.46 billion, a PE ratio of 37.61, a PEG ratio of 3.89 and a beta of 1.12. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The stock has a 50-day simple moving average of $135.15 and a two-hundred day simple moving average of $130.82.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, equities analysts predict that Airbnb, Inc. will post 4.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on ABNB shares. Wells Fargo & Company reduced their price objective on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Susquehanna lifted their price target on shares of Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a research report on Tuesday. Truist Financial reduced their price target on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Argus raised shares of Airbnb from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Five analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $147.00.

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.