Tyler Stone Wealth Management Buys Shares of 1,589 Airbnb, Inc. (NASDAQ:ABNB)

Tyler Stone Wealth Management purchased a new position in Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,589 shares of the company’s stock, valued at approximately $209,000.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in Airbnb in the 4th quarter valued at $25,000. Berbice Capital Management LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at about $26,000. Graney & King LLC purchased a new position in shares of Airbnb in the fourth quarter worth about $32,000. Whipplewood Advisors LLC acquired a new position in Airbnb during the fourth quarter worth about $44,000. Finally, Cromwell Holdings LLC grew its stake in Airbnb by 82.5% during the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after acquiring an additional 170 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Hsbc Global Res raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. DA Davidson lifted their price objective on Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Baird R W raised Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Evercore ISI raised their target price on Airbnb to $155.00 and gave the stock a “hold” rating in a research note on Wednesday, January 15th. Finally, Morgan Stanley boosted their price target on shares of Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research report on Monday, January 13th. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Airbnb has an average rating of “Hold” and a consensus target price of $147.36.

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction 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 sale, the chief technology officer now directly owns 171,419 shares of the company’s stock, valued at approximately $21,598,794. The trade was a 0.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Chesky sold 38,461 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $126.60, for a total value of $4,869,162.60. Following the completion of the transaction, the chief executive officer now directly owns 11,770,144 shares in the company, valued at $1,490,100,230.40. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,055,909 shares of company stock worth $289,763,290 in the last 90 days. Corporate insiders own 27.83% of the company’s stock.

Airbnb Trading Down 1.0 %

ABNB opened at $128.64 on Thursday. The business has a fifty day moving average price of $135.71 and a 200 day moving average price of $133.60. 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 12 month low of $110.38 and a 12 month high of $169.11. The stock has a market capitalization of $81.11 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping 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%. Sell-side analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

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.