SwitchPoint Financial Planning LLC Invests $422,000 in Airbnb, Inc. (NASDAQ:ABNB)

SwitchPoint Financial Planning LLC purchased a new position in Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, HoldingsChannel reports. The firm purchased 3,213 shares of the company’s stock, valued at approximately $422,000.

Several other institutional investors also recently added to or reduced their stakes in ABNB. Golden State Wealth Management LLC bought a new stake in shares of Airbnb during the fourth quarter valued at approximately $25,000. Berbice Capital Management LLC bought a new stake in Airbnb during the 4th quarter valued at $26,000. Whipplewood Advisors LLC purchased a new stake in shares of Airbnb in the 4th quarter worth $44,000. Cromwell Holdings LLC grew its position 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 buying an additional 170 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Airbnb during the third quarter valued at $55,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Trading Up 0.0 %

Airbnb stock opened at $129.88 on Wednesday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a market cap of $81.89 billion, a PE ratio of 31.45, a P/E/G ratio of 3.52 and a beta of 1.10. The stock’s 50 day simple moving average is $135.79 and its two-hundred day simple moving average is $133.64. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.00.

Airbnb (NASDAQ:ABNB) last released its quarterly 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 net margin of 23.85% and a return on equity of 32.29%. Analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Nathan Blecharczyk sold 183,078 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $158.00, for a total value of $28,926,324.00. Following the transaction, the insider now directly owns 164,850 shares of the company’s stock, valued at approximately $26,046,300. This trade represents a 52.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $126.00, for a total value of $88,200.00. Following the completion of the sale, the chief technology officer now owns 171,419 shares in the company, valued at approximately $21,598,794. The trade was a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,055,909 shares of company stock valued at $289,763,290. 27.83% of the stock is owned by company insiders.

Analysts Set New Price Targets

ABNB has been the subject of a number of research reports. Truist Financial lowered their price objective on shares of Airbnb from $123.00 to $112.00 and set a “hold” rating for the company in a research note on Friday, March 21st. 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 research note on Thursday, January 16th. Tigress Financial boosted their price objective on shares of Airbnb from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, March 14th. Bank of America upped their target price on Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Finally, Evercore ISI lifted their price target on Airbnb to $155.00 and gave the company a “hold” rating in a report on Wednesday, January 15th. Five analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $147.36.

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.