Salvus Wealth Management LLC Buys 84 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Salvus Wealth Management LLC grew its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,461 shares of the company’s stock after purchasing an additional 84 shares during the period. Salvus Wealth Management LLC’s holdings in Airbnb were worth $455,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of Airbnb by 13.0% in the 2nd 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 period. Bradley Foster & Sargent Inc. CT boosted its holdings in Airbnb by 1,231.3% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 20,741 shares of the company’s stock worth $3,145,000 after acquiring an additional 19,183 shares in the last quarter. Meiji Yasuda Life Insurance Co grew its position in Airbnb by 39.8% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 4,921 shares of the company’s stock valued at $746,000 after purchasing an additional 1,400 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Airbnb by 35.4% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,780 shares of the company’s stock valued at $2,241,000 after buying an additional 3,861 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Airbnb by 2.0% in the 2nd quarter. Amalgamated Bank now owns 94,210 shares of the company’s stock worth $14,285,000 after purchasing an additional 1,860 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Brian Chesky sold 76,923 shares of Airbnb stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $139.94, for a total value of $10,764,604.62. Following the completion of the transaction, the chief executive officer now owns 12,616,300 shares in the company, valued at $1,765,525,022. The trade was a 0.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 500 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $136.01, for a total value of $68,005.00. Following the transaction, the chief technology officer now owns 185,414 shares in the company, valued at $25,218,158.14. This represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,130,982 shares of company stock valued at $150,523,585 in the last three months. 27.83% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on ABNB. Jefferies Financial Group boosted their target price on shares of Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. TD Cowen increased their price objective on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Robert W. Baird boosted their price target on Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Benchmark restated a “buy” rating and set a $155.00 price objective on shares of Airbnb in a research report on Friday, November 8th. Finally, UBS Group upped their price target on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and an average price target of $139.63.

Airbnb Stock Performance

NASDAQ ABNB opened at $132.16 on Friday. The firm has a market capitalization of $83.79 billion, a P/E ratio of 46.37, a PEG ratio of 1.63 and a beta of 1.13. The stock has a 50-day simple moving average of $134.45 and a two-hundred day simple moving average of $132.22. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10.

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

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.