Empirical Finance LLC Grows Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Empirical Finance LLC grew its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,791 shares of the company’s stock after purchasing an additional 175 shares during the period. Empirical Finance LLC’s holdings in Airbnb were worth $367,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Exchange Traded Concepts LLC raised its holdings in Airbnb by 2.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 20,248 shares of the company’s stock valued at $2,568,000 after acquiring an additional 495 shares during the last quarter. Koshinski Asset Management Inc. increased its stake in Airbnb by 3.8% in the third quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $292,000 after purchasing an additional 85 shares during the last quarter. Sapient Capital LLC increased its stake in Airbnb by 201.3% in the third quarter. Sapient Capital LLC now owns 4,275 shares of the company’s stock valued at $542,000 after purchasing an additional 2,856 shares during the last quarter. CX Institutional boosted its stake in Airbnb by 17.1% in the 3rd quarter. CX Institutional now owns 1,679 shares of the company’s stock worth $213,000 after buying an additional 245 shares during the last quarter. Finally, Creative Planning grew its holdings in Airbnb by 44.0% in the 3rd quarter. Creative Planning now owns 70,442 shares of the company’s stock valued at $8,808,000 after buying an additional 21,518 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Down 0.5 %

ABNB stock opened at $134.52 on Wednesday. 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 firm has a 50 day simple moving average of $132.87 and a 200-day simple moving average of $129.87. The company has a market capitalization of $85.28 billion, a P/E ratio of 47.20, a PEG ratio of 1.88 and a beta of 1.12. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10.

Insider Buying and Selling at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 9,603 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the transaction, the insider now owns 164,850 shares of the company’s stock, valued at $21,466,767. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Brian Chesky sold 76,923 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $139.94, for a total value of $10,764,604.62. Following the completion of the sale, the chief executive officer now owns 12,616,300 shares of the company’s stock, valued at $1,765,525,022. This trade represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,417,704 shares of company stock worth $187,654,829 in the last ninety days. 27.83% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a report on Monday, December 16th. Morgan Stanley increased their price target on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. boosted their price objective on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Citigroup increased their target price on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Piper Sandler boosted their price target on Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Six analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Airbnb has an average rating of “Hold” and a consensus price target 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.