Savant Capital LLC Purchases 38,893 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Savant Capital LLC grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 1,957.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,880 shares of the company’s stock after purchasing an additional 38,893 shares during the quarter. Savant Capital LLC’s holdings in Airbnb were worth $5,372,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. CWM LLC boosted its stake in Airbnb by 65.6% during the third quarter. CWM LLC now owns 21,309 shares of the company’s stock worth $2,702,000 after acquiring an additional 8,441 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in Airbnb by 2.5% during the third quarter. Exchange Traded Concepts LLC now owns 20,248 shares of the company’s stock worth $2,568,000 after acquiring an additional 495 shares in the last quarter. Koshinski Asset Management Inc. boosted its stake in Airbnb by 3.8% during the third quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock worth $292,000 after acquiring an additional 85 shares in the last quarter. CVA Family Office LLC boosted its stake in Airbnb by 131.2% during the third quarter. CVA Family Office LLC now owns 474 shares of the company’s stock worth $60,000 after acquiring an additional 269 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new position in Airbnb during the third quarter worth $345,000. 80.76% of the stock is owned by institutional investors.

Airbnb Price Performance

ABNB opened at $135.24 on Tuesday. The firm has a market cap of $85.74 billion, a P/E ratio of 47.45, a PEG ratio of 1.88 and a beta of 1.12. The firm has a 50-day moving average of $132.93 and a 200 day moving average of $129.91. 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.

Insider Activity at Airbnb

In other Airbnb news, CAO David C. Bernstein sold 1,000 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $137.00, for a total transaction of $137,000.00. Following the completion of the transaction, the chief accounting officer now owns 40,581 shares in the company, valued at $5,559,597. This trade represents a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $129.58, for a total transaction of $809,875.00. Following the transaction, the chief financial officer now owns 484,988 shares of the company’s stock, valued at $62,844,745.04. This represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,417,704 shares of company stock worth $187,654,829. 27.83% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on ABNB shares. Robert W. Baird increased their target price on shares of Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. DA Davidson increased their target price on shares of Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research note on Monday, November 18th. TD Cowen upped their price objective on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Truist Financial lowered their price objective on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Finally, Citigroup upped 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. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $139.63.

Airbnb Company 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.