Lindbrook Capital LLC Increases Stake in Airbnb, Inc. (NASDAQ:ABNB)

Lindbrook Capital LLC increased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,540 shares of the company’s stock after buying an additional 78 shares during the period. Lindbrook Capital LLC’s holdings in Airbnb were worth $728,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ABNB. Golden State Wealth Management LLC purchased a new position in Airbnb in the 4th quarter worth about $25,000. Hollencrest Capital Management increased its stake in 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 buying an additional 200 shares during the period. Berbice Capital Management LLC purchased a new position in Airbnb in the 4th quarter worth about $26,000. Ashton Thomas Securities LLC bought a new position in Airbnb during the 3rd quarter worth about $30,000. Finally, Whipplewood Advisors LLC bought a new position in Airbnb during the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

ABNB opened at $134.77 on Friday. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $84.98 billion, a PE ratio of 32.63, a P/E/G ratio of 3.52 and a beta of 1.10. The firm has a 50 day moving average of $136.92 and a two-hundred day moving average of $132.44.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. On average, analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. UBS Group increased their target price on shares of Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. The Goldman Sachs Group upgraded shares of Airbnb from a “sell” rating to a “neutral” rating and increased their target price for the stock from $110.00 to $153.00 in a report on Friday, February 14th. B. Riley increased their target price on shares of Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Bank of America increased their target price on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Finally, Truist Financial dropped their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Five analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and an average price target of $146.48.

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $140.10, for a total transaction of $98,070.00. Following the completion of the transaction, the chief technology officer now directly owns 172,819 shares of the company’s stock, valued at $24,211,941.90. The trade was a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $140.10, for a total transaction of $875,625.00. Following the transaction, the chief financial officer now directly owns 449,463 shares of the company’s stock, valued at approximately $62,969,766.30. This trade represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,093,970 shares of company stock valued at $296,365,992. 27.83% of the stock is owned by insiders.

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.