Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Wynn Capital LLC

Wynn Capital LLC grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 14.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,627 shares of the company’s stock after acquiring an additional 330 shares during the period. Wynn Capital LLC’s holdings in Airbnb were worth $345,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in Airbnb by 10.8% in the second quarter. Envestnet Asset Management Inc. now owns 920,842 shares of the company’s stock valued at $139,627,000 after buying an additional 89,978 shares in the last quarter. J.W. Cole Advisors Inc. increased its holdings in shares of Airbnb by 52.9% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 2,466 shares of the company’s stock valued at $374,000 after acquiring an additional 853 shares during the last quarter. Angeles Investment Advisors LLC raised its position in shares of Airbnb by 13.6% during the 2nd quarter. Angeles Investment Advisors LLC now owns 2,176 shares of the company’s stock worth $330,000 after acquiring an additional 260 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Airbnb by 13.0% during the second quarter. Dimensional Fund Advisors LP now owns 788,487 shares of the company’s stock worth $119,558,000 after purchasing an additional 90,788 shares during the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new position in Airbnb in the second quarter valued at approximately $3,453,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $135.35, for a total value of $94,745.00. Following the sale, the chief technology officer now owns 184,714 shares in the company, valued at $25,001,039.90. This represents a 0.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total value of $28,088,477.80. Following the transaction, the director now directly owns 10,321 shares of the company’s stock, valued at approximately $1,352,876.68. This represents a 95.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 915,997 shares of company stock valued at $122,800,660 in the last ninety days. 27.83% of the stock is currently owned by company insiders.

Airbnb Stock Performance

NASDAQ ABNB opened at $127.60 on Wednesday. The stock has a market capitalization of $80.89 billion, a price-to-earnings ratio of 44.77, a PEG ratio of 1.93 and a beta of 1.13. The business’s 50 day moving average is $134.62 and its two-hundred day moving average is $132.22. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the prior year, the company earned $2.39 EPS. Research analysts expect that Airbnb, Inc. will post 3.99 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Citigroup raised their price objective on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Cantor Fitzgerald reissued an “underweight” rating and issued a $94.00 price target on shares of Airbnb in a research report on Monday, October 7th. Susquehanna raised their price objective on Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a report on Monday, November 11th. Jefferies Financial Group lifted their target price on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company upped their target price on Airbnb from $100.00 to $102.00 and gave the company an “underweight” rating in a research report on Tuesday, October 8th. Six equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Airbnb currently has an average rating of “Hold” and a consensus target price of $139.32.

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.