Concurrent Investment Advisors LLC Raises Position in Airbnb, Inc. (NASDAQ:ABNB)

Concurrent Investment Advisors LLC lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,585 shares of the company’s stock after purchasing an additional 247 shares during the period. Concurrent Investment Advisors LLC’s holdings in Airbnb were worth $734,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. CAP Partners LLC grew its stake in Airbnb by 3.6% in the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock valued at $293,000 after buying an additional 77 shares in the last quarter. Manchester Capital Management LLC lifted its position in shares of Airbnb by 18.2% during the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock worth $69,000 after acquiring an additional 81 shares in the last quarter. Salvus Wealth Management LLC lifted its position in shares of Airbnb by 2.5% during the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock worth $455,000 after acquiring an additional 84 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Airbnb by 19.3% during the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock worth $74,000 after acquiring an additional 94 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its holdings in Airbnb by 2.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock worth $468,000 after purchasing an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

Shares of ABNB stock opened at $146.07 on Monday. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The company’s 50-day moving average is $135.45 and its 200 day moving average is $131.09. The company has a market capitalization of $92.10 billion, a price-to-earnings ratio of 35.37, a price-to-earnings-growth ratio of 3.74 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

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

Insiders Place Their Bets

In related news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total transaction of $89,705.00. Following the transaction, the chief technology officer now directly owns 182,614 shares in the company, valued at approximately $23,401,984.10. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elinor Mertz sold 10,500 shares of Airbnb stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $136.97, for a total transaction of $1,438,185.00. Following the transaction, the chief financial officer now directly owns 503,738 shares in the company, valued at $68,996,993.86. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,873,617 shares of company stock valued at $264,834,339. Insiders own 27.83% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ABNB. Wedbush reissued an “outperform” rating and set a $155.00 price objective on shares of Airbnb in a report on Tuesday, February 4th. Phillip Securities reissued a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a report on Tuesday, November 12th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research note on Friday, February 14th. Bank of America increased their target price on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Finally, Evercore ISI increased their target price on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a research note on Wednesday, January 15th. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $146.48.

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.