Concurrent Investment Advisors LLC Grows Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Concurrent Investment Advisors LLC grew its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,585 shares of the company’s stock after purchasing an additional 247 shares during the period. Concurrent Investment Advisors LLC’s holdings in Airbnb were worth $734,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in Airbnb in the 4th quarter worth about $25,000. Hollencrest Capital Management increased its position in shares of Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the period. Berbice Capital Management LLC purchased a new position in shares of Airbnb during the fourth quarter worth approximately $26,000. Ashton Thomas Securities LLC purchased a new position in shares of Airbnb during the third quarter worth approximately $30,000. Finally, Quarry LP purchased a new position in Airbnb during the 3rd quarter worth $55,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ABNB shares. TD Cowen raised their price objective on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Susquehanna raised their price target on Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a research note on Tuesday, February 18th. Canaccord Genuity Group raised their target price on shares of Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Wells Fargo & Company cut their target price on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Finally, Piper Sandler lifted their price objective on shares of Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Five investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Airbnb has an average rating of “Hold” and a consensus price target of $146.48.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 500 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $136.01, for a total value of $68,005.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $161.16, for a total value of $37,191,215.52. Following the transaction, the chief executive officer now owns 12,000,913 shares of the company’s stock, valued at approximately $1,934,067,139.08. This represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,873,617 shares of company stock valued at $264,834,339 in the last ninety days. Insiders own 27.83% of the company’s stock.

Airbnb Stock Down 5.9 %

Airbnb stock opened at $146.07 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The business’s 50-day simple moving average is $135.45 and its two-hundred day simple moving average is $131.09. The company has a market cap of $92.10 billion, a PE ratio of 35.37, a PEG ratio of 3.74 and a beta of 1.12. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Equities analysts anticipate that Airbnb, Inc. will post 4.31 EPS 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.