Kestra Investment Management LLC Acquires Shares of 446 Airbnb, Inc. (NASDAQ:ABNB)

Kestra Investment Management LLC bought a new position in Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 446 shares of the company’s stock, valued at approximately $59,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Venturi Wealth Management LLC boosted its position in Airbnb by 826.3% in the 4th quarter. Venturi Wealth Management LLC now owns 4,446 shares of the company’s stock worth $584,000 after purchasing an additional 3,966 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in Airbnb by 1.1% during the fourth quarter. D.A. Davidson & CO. now owns 31,907 shares of the company’s stock worth $4,193,000 after buying an additional 332 shares in the last quarter. CIBC Asset Management Inc grew its position in Airbnb by 2.1% during the fourth quarter. CIBC Asset Management Inc now owns 139,199 shares of the company’s stock valued at $18,292,000 after buying an additional 2,817 shares during the period. Pittenger & Anderson Inc. grew its position in Airbnb by 32.1% during the fourth quarter. Pittenger & Anderson Inc. now owns 3,110 shares of the company’s stock valued at $409,000 after buying an additional 755 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Airbnb by 174.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock valued at $245,268,000 after buying an additional 1,185,892 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ABNB has been the topic of several recent analyst reports. Evercore ISI raised their target price on Airbnb to $155.00 and gave the company a “hold” rating in a research report on Wednesday, January 15th. Wells Fargo & Company dropped their price objective on Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Piper Sandler upped their target price on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Citigroup increased their target price on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, HSBC raised shares of Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $147.00.

Insider Buying and Selling

In other Airbnb news, insider Nathan Blecharczyk sold 183,078 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the transaction, the insider now directly owns 164,850 shares in the company, valued at $26,046,300. This represents a 52.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction on Friday, February 14th. The shares were sold at an average price of $161.16, for a total value of $37,191,215.52. Following the completion of the sale, the chief executive officer now directly owns 12,000,913 shares of the company’s stock, valued at $1,934,067,139.08. The trade was a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,950,540 shares of company stock valued at $275,598,944. Company insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

Shares of Airbnb stock opened at $146.07 on Friday. The firm has a market cap of $92.60 billion, a PE ratio of 35.37, a price-to-earnings-growth ratio of 3.81 and a beta of 1.12. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The business’s fifty day simple moving average is $135.45 and its 200-day simple moving average is $130.96.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Equities analysts forecast that Airbnb, Inc. will post 4.31 earnings per share 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.