Murphy & Mullick Capital Management Corp Takes Position in Airbnb, Inc. (NASDAQ:ABNB)

Murphy & Mullick Capital Management Corp bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, HoldingsChannel reports. The firm bought 2,646 shares of the company’s stock, valued at approximately $348,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Airbnb by 20.3% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 9,676 shares of the company’s stock worth $1,272,000 after purchasing an additional 1,630 shares in the last quarter. Zions Bancorporation N.A. lifted its position in Airbnb by 10,419.6% in the fourth quarter. Zions Bancorporation N.A. now owns 19,882 shares of the company’s stock worth $2,613,000 after purchasing an additional 19,693 shares during the period. Corebridge Financial Inc. boosted its stake in Airbnb by 2.7% during the fourth quarter. Corebridge Financial Inc. now owns 151,858 shares of the company’s stock worth $19,956,000 after buying an additional 4,016 shares in the last quarter. Congress Wealth Management LLC DE bought a new stake in Airbnb in the 4th quarter valued at $416,000. Finally, LPL Financial LLC raised its stake in shares of Airbnb by 19.0% in the 4th quarter. LPL Financial LLC now owns 267,517 shares of the company’s stock valued at $35,226,000 after buying an additional 42,725 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Brian Chesky sold 38,461 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $135.82, for a total transaction of $5,223,773.02. Following the completion of the sale, the chief executive officer now directly owns 12,498,908 shares of the company’s stock, valued at approximately $1,697,601,684.56. This represents a 0.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $126.00, for a total transaction of $88,200.00. Following the completion of the transaction, the chief technology officer now directly owns 171,419 shares in the company, valued at approximately $21,598,794. The trade was a 0.41 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,055,909 shares of company stock worth $289,763,290. Company insiders own 27.83% of the company’s stock.

Airbnb Trading Up 0.0 %

NASDAQ:ABNB opened at $129.88 on Wednesday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.00. The firm has a market capitalization of $81.89 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 3.52 and a beta of 1.10. The business’s 50-day moving average price is $135.79 and its two-hundred day moving average price is $133.64.

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

Analysts Set New Price Targets

A number of analysts recently weighed in on ABNB shares. Robert W. Baird lowered their target price on shares of Airbnb from $175.00 to $160.00 and set an “outperform” rating on the stock in a research note on Tuesday. Morgan Stanley upped their price objective on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Jefferies Financial Group upgraded Airbnb from a “hold” rating to a “buy” rating and raised their target price for the stock from $165.00 to $185.00 in a research report on Monday, March 10th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research report on Friday, February 14th. Finally, The Goldman Sachs Group upgraded Airbnb from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $110.00 to $153.00 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 company’s stock. Based on data from MarketBeat, Airbnb currently has an average rating of “Hold” and an average target price of $147.36.

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.