4,057 Shares in Airbnb, Inc. (NASDAQ:ABNB) Acquired by Gallagher Capital Advisors LLC

Gallagher Capital Advisors LLC bought a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,057 shares of the company’s stock, valued at approximately $533,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in shares of Airbnb during the 4th quarter valued at $25,000. Hollencrest Capital Management increased its position 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 buying an additional 200 shares in the last quarter. Berbice Capital Management LLC purchased a new stake in Airbnb in the fourth quarter valued at about $26,000. Ashton Thomas Securities LLC acquired a new stake in Airbnb in the third quarter worth about $30,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Airbnb during the fourth quarter worth about $44,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Evercore ISI increased their price objective on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research report on Wednesday, January 15th. UBS Group raised their price target on shares of Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Morgan Stanley boosted their price objective on shares of Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research report on Friday, February 14th. Finally, Barclays increased their price objective on Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $146.48.

Insider Activity at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $135.35, for a total value of $94,745.00. Following the sale, the chief technology officer now owns 184,714 shares of the company’s stock, valued at $25,001,039.90. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $131.88, for a total value of $28,259,905.80. Following the transaction, the director now owns 1,285,715 shares of the company’s stock, valued at approximately $169,560,094.20. This represents a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,054,509 shares of company stock worth $290,940,989. Company insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

Airbnb stock opened at $134.39 on Monday. The firm has a 50 day simple moving average of $136.94 and a 200-day simple moving average of $132.76. The stock has a market cap of $84.74 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNB) last posted 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%. On average, analysts expect that Airbnb, Inc. will post 4.31 EPS for the current 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.