FFT Wealth Management LLC Takes Position in Airbnb, Inc. (NASDAQ:ABNB)

FFT Wealth Management LLC purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,620 shares of the company’s stock, valued at approximately $344,000.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in shares of Airbnb during the fourth quarter worth about $25,000. Hollencrest Capital Management grew its stake in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after buying an additional 200 shares in the last quarter. Berbice Capital Management LLC bought a new position in shares of Airbnb in the 4th quarter worth $26,000. Ashton Thomas Securities LLC purchased a new stake in shares of Airbnb during the 3rd quarter valued at $30,000. Finally, Cromwell Holdings LLC lifted its holdings in shares of Airbnb by 82.5% during the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after acquiring an additional 170 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Insider Activity at Airbnb

In related news, insider Nathan Blecharczyk sold 2,712 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $156.32, for a total value of $423,939.84. Following the sale, the insider now owns 159,337 shares in the company, valued at $24,907,559.84. This represents a 1.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 500 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total value of $68,005.00. Following the transaction, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at approximately $25,218,158.14. This trade represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,876,329 shares of company stock valued at $265,258,279 in the last three months. Company insiders own 27.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ABNB. Susquehanna increased their target price on Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a research note on Tuesday, February 18th. Wells Fargo & Company reduced their price objective on Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. TD Cowen raised their price objective on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, November 8th. UBS Group upped their target price on Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Finally, Gordon Haskett raised shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price target on the stock in a research note on Friday, February 14th. Five analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and a consensus price target of $146.48.

Airbnb Stock Down 2.3 %

Shares of NASDAQ:ABNB opened at $141.55 on Wednesday. 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, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The firm has a market capitalization of $89.25 billion, a P/E ratio of 34.27, a P/E/G ratio of 3.52 and a beta of 1.12. The stock has a 50 day moving average price of $135.89 and a 200-day moving average price of $131.49.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data 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%. As a group, equities research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal 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.