Lake Street Advisors Group LLC Acquires 539 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Lake Street Advisors Group LLC grew its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,468 shares of the company’s stock after purchasing an additional 539 shares during the period. Lake Street Advisors Group LLC’s holdings in Airbnb were worth $2,164,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ABNB. Golden State Wealth Management LLC bought a new stake in Airbnb in the 4th quarter worth about $25,000. Hollencrest Capital Management lifted its stake in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the period. Berbice Capital Management LLC purchased a new stake in shares of Airbnb during the 4th quarter valued at about $26,000. Ashton Thomas Securities LLC bought a new stake in shares of Airbnb in the third quarter worth approximately $30,000. Finally, Cromwell Holdings LLC raised its holdings in shares of Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after purchasing an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ABNB. Citigroup raised their target price on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Baird R W upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Truist Financial lowered their target price on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Finally, Wells Fargo & Company cut their price target on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $146.48.

Insider Buying and Selling at Airbnb

In related news, CAO David C. Bernstein sold 1,000 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $137.00, for a total value of $137,000.00. Following the completion of the transaction, the chief accounting officer now owns 40,581 shares of the company’s stock, valued at approximately $5,559,597. This trade represents a 2.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 2,712 shares of Airbnb stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $156.32, for a total value of $423,939.84. Following the completion of the transaction, the insider now owns 159,337 shares of the company’s stock, valued at approximately $24,907,559.84. This represents a 1.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,876,329 shares of company stock worth $265,258,279 in the last quarter. 27.83% of the stock is owned by corporate insiders.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $141.55 on Wednesday. The company has a market cap of $89.25 billion, a P/E ratio of 34.27, a P/E/G ratio of 3.52 and a beta of 1.12. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. 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 firm’s fifty day moving average is $135.89 and its two-hundred day moving average is $131.49.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts anticipate 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.