TRUE Private Wealth Advisors Purchases Shares of 4,490 Airbnb, Inc. (NASDAQ:ABNB)

TRUE Private Wealth Advisors bought a new position in Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,490 shares of the company’s stock, valued at approximately $611,000.

Several other large investors have also recently made changes to their positions in ABNB. CVA Family Office LLC bought a new stake in shares of Airbnb in the fourth quarter worth about $26,000. Orion Capital Management LLC bought a new stake in Airbnb during the third quarter worth approximately $27,000. McGlone Suttner Wealth Management Inc. bought a new stake in Airbnb during the fourth quarter worth approximately $30,000. Farmers & Merchants Investments Inc. bought a new stake in Airbnb during the third quarter worth approximately $39,000. Finally, Financial Management Professionals Inc. increased its stake in Airbnb by 518.4% during the fourth quarter. Financial Management Professionals Inc. now owns 303 shares of the company’s stock worth $41,000 after acquiring an additional 254 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ABNB shares. Wedbush reissued a “neutral” rating and set a $160.00 price objective (up from $150.00) on shares of Airbnb in a research note on Wednesday, February 14th. Mizuho boosted their price objective on Airbnb from $130.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. Barclays boosted their price objective on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research note on Monday, January 29th. Bank of America boosted their target price on Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. Finally, DA Davidson restated a “neutral” rating and set a $145.00 target price on shares of Airbnb in a research report on Friday, March 15th. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Airbnb has a consensus rating of “Hold” and a consensus target price of $147.58.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 78,682 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total value of $13,320,862.60. Following the transaction, the chief technology officer now directly owns 144,331 shares of the company’s stock, valued at approximately $24,435,238.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CTO Aristotle N. Balogh sold 78,682 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the sale, the chief technology officer now directly owns 144,331 shares of the company’s stock, valued at approximately $24,435,238.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 75,500 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $155.31, for a total transaction of $11,725,905.00. Following the sale, the chief technology officer now directly owns 146,131 shares in the company, valued at $22,695,605.61. The disclosure for this sale can be found here. Insiders have sold a total of 490,584 shares of company stock valued at $77,302,032 in the last ninety days. Company insiders own 30.84% of the company’s stock.

Airbnb Stock Up 1.1 %

Airbnb stock opened at $158.37 on Thursday. The business has a fifty day moving average of $159.21 and a two-hundred day moving average of $141.97. The firm has a market cap of $102.48 billion, a P/E ratio of 21.87, a P/E/G ratio of 1.99 and a beta of 1.25. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a twelve month low of $103.55 and a twelve month high of $170.10.

Airbnb (NASDAQ:ABNB) last released its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. On average, analysts forecast that Airbnb, Inc. will post 4.63 earnings per share 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.