Atomi Financial Group Inc. Raises Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Atomi Financial Group Inc. grew its stake in Airbnb, Inc. (NASDAQ:ABNB) by 1.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,774 shares of the company’s stock after purchasing an additional 109 shares during the quarter. Atomi Financial Group Inc.’s holdings in Airbnb were worth $759,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ABNB. Northwest Investment Counselors LLC purchased a new stake in Airbnb in the third quarter worth about $25,000. Hollencrest Capital Management raised its position in shares of Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Airbnb in the 3rd quarter worth approximately $30,000. Quarry LP bought a new stake in shares of Airbnb during the third quarter valued at approximately $55,000. Finally, CVA Family Office LLC grew its stake in Airbnb by 131.2% in the third quarter. CVA Family Office LLC now owns 474 shares of the company’s stock worth $60,000 after purchasing an additional 269 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the sale, the director now directly owns 10,321 shares of the company’s stock, valued at $1,352,876.68. This trade represents a 95.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 9,603 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 164,850 shares in the company, valued at $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,130,382 shares of company stock valued at $150,441,919 in the last ninety days. Corporate insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $132.50 on Thursday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The firm has a market capitalization of $84.00 billion, a price-to-earnings ratio of 46.49, a price-to-earnings-growth ratio of 1.83 and a beta of 1.13. The firm has a 50 day moving average of $134.10 and a 200 day moving average of $131.55.

Airbnb (NASDAQ:ABNB) last announced its earnings results 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 return on equity of 32.88% and a net margin of 16.96%. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the prior year, the business posted $2.39 earnings per share. On average, research analysts anticipate that Airbnb, Inc. will post 3.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

ABNB has been the subject of several recent research reports. Raymond James initiated coverage on Airbnb in a research report on Friday, September 27th. They set a “market perform” rating and a $134.00 price objective for the company. Morgan Stanley upped their price objective on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a report on Monday, December 16th. Wedbush upped their price target on Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Bank of America lifted their price objective on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Six research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Airbnb presently has a consensus rating of “Hold” and a consensus target price of $139.63.

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.