ORG Wealth Partners LLC Raises Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

ORG Wealth Partners LLC lifted its position in Airbnb, Inc. (NASDAQ:ABNB) by 42.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,884 shares of the company’s stock after buying an additional 1,165 shares during the period. ORG Wealth Partners LLC’s holdings in Airbnb were worth $510,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new stake in Airbnb during the 3rd quarter valued at approximately $25,000. Hollencrest Capital Management lifted its stake in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Airbnb during the 3rd quarter valued at approximately $30,000. Quarry LP acquired a new stake in Airbnb during the 3rd quarter valued at approximately $55,000. Finally, Meeder Asset Management Inc. lifted its stake in Airbnb by 73.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 375 shares of the company’s stock valued at $57,000 after acquiring an additional 159 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ABNB. Barclays lifted their price objective on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Wedbush lifted their target price on shares of Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Susquehanna lifted their target price on shares of Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a report on Monday, November 11th. Citigroup lifted their target price on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company lifted their target price on shares of Airbnb from $100.00 to $102.00 and gave the company an “underweight” rating in a report on Tuesday, October 8th. Six research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $139.48.

Insider Buying and Selling at Airbnb

In related news, insider Nathan Blecharczyk sold 9,603 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the sale, the insider now directly owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. This represents a 5.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Chesky sold 38,460 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $133.97, for a total transaction of $5,152,486.20. Following the completion of the sale, the chief executive officer now directly owns 13,200,529 shares in the company, valued at approximately $1,768,474,870.13. The trade was a 0.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 955,057 shares of company stock worth $128,033,252 over the last three months. Insiders own 27.83% of the company’s stock.

Airbnb Trading Down 0.8 %

NASDAQ ABNB traded down $1.06 during trading hours on Friday, reaching $129.74. The company had a trading volume of 1,772,995 shares, compared to its average volume of 3,266,962. The stock has a 50-day moving average of $135.12 and a 200 day moving average of $132.93. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year 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. The stock has a market capitalization of $82.25 billion, a P/E ratio of 45.52, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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 posted $2.39 EPS. As a group, research analysts anticipate that Airbnb, Inc. will post 3.99 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.