Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Capital Advisors Inc. OK

Capital Advisors Inc. OK raised its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 169,266 shares of the company’s stock after purchasing an additional 7,542 shares during the period. Capital Advisors Inc. OK’s holdings in Airbnb were worth $22,243,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Certuity LLC acquired a new stake in Airbnb during the 4th quarter valued at $251,000. CAP Partners LLC grew its holdings in Airbnb by 3.6% during the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock valued at $293,000 after purchasing an additional 77 shares in the last quarter. Essex Financial Services Inc. acquired a new stake in Airbnb during the 4th quarter valued at $231,000. Cambiar Investors LLC acquired a new stake in Airbnb during the 4th quarter valued at $36,918,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Airbnb during the 4th quarter valued at $201,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Performance

Shares of ABNB opened at $134.52 on Wednesday. The company’s 50 day moving average price is $132.87 and its 200 day moving average price is $129.87. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a market capitalization of $85.28 billion, a PE ratio of 47.20, a PEG ratio of 1.88 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

Analyst Upgrades and Downgrades

A number of research firms have commented on ABNB. Wedbush reiterated an “outperform” rating and set a $155.00 price objective on shares of Airbnb in a research note on Tuesday, February 4th. Bank of America increased their price objective on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Jefferies Financial Group increased their price objective on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Wells Fargo & Company dropped their price objective on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Finally, Piper Sandler increased their price objective on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $139.63.

Insider Activity at Airbnb

In other Airbnb news, CAO David C. Bernstein sold 1,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 40,581 shares of the company’s stock, valued at $5,559,597. The trade was a 2.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Brian Chesky sold 76,923 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the completion of the sale, the chief executive officer now directly owns 12,616,300 shares of the company’s stock, valued at $1,765,525,022. This represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,417,704 shares of company stock valued at $187,654,829. Corporate insiders own 27.83% of the company’s stock.

About Airbnb

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.