Sequoia Financial Advisors LLC Purchases 1,983 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Sequoia Financial Advisors LLC lifted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 49.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,985 shares of the company’s stock after acquiring an additional 1,983 shares during the period. Sequoia Financial Advisors LLC’s holdings in Airbnb were worth $786,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb in the fourth quarter worth $25,000. Berbice Capital Management LLC acquired a new stake in shares of Airbnb in the fourth quarter worth $26,000. Whipplewood Advisors LLC acquired a new stake in Airbnb during the fourth quarter worth $44,000. Cromwell Holdings LLC boosted its stake in Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after buying an additional 170 shares in the last quarter. Finally, Quarry LP acquired a new stake in Airbnb during the third quarter worth $55,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insiders Place Their Bets

In other Airbnb news, insider Nathan Blecharczyk sold 183,078 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the completion of the transaction, the insider now owns 164,850 shares of the company’s stock, valued at $26,046,300. This represents a 52.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $130.18, for a total value of $91,126.00. Following the transaction, the chief technology officer now directly owns 172,119 shares of the company’s stock, valued at approximately $22,406,451.42. This trade represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,269,494 shares of company stock valued at $318,203,453 in the last quarter. 27.83% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on ABNB. Baird R W upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Robert W. Baird upgraded shares of Airbnb from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $140.00 to $175.00 in a research note on Friday, February 14th. Bank of America lifted their price target on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Canaccord Genuity Group boosted their target price on shares of Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Hsbc Global Res upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $148.15.

Airbnb Price Performance

Shares of ABNB opened at $122.86 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a 50 day simple moving average of $136.23 and a 200 day simple moving average of $133.07. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The firm has a market capitalization of $77.47 billion, a PE ratio of 29.75, a P/E/G ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Sell-side analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal 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.