Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Avestar Capital LLC

Avestar Capital LLC lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 52.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,470 shares of the company’s stock after purchasing an additional 3,580 shares during the period. Avestar Capital LLC’s holdings in Airbnb were worth $1,376,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Koshinski Asset Management Inc. raised its holdings in shares of Airbnb by 3.8% during the third quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $292,000 after acquiring an additional 85 shares during the last quarter. CX Institutional lifted its holdings in Airbnb by 17.1% in the 3rd quarter. CX Institutional now owns 1,679 shares of the company’s stock valued at $213,000 after purchasing an additional 245 shares in the last quarter. Creative Planning lifted 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 purchasing an additional 21,518 shares in the last quarter. Sumitomo Life Insurance Co. boosted its stake in Airbnb by 12.2% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 48,100 shares of the company’s stock worth $6,100,000 after purchasing an additional 5,241 shares during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its stake in Airbnb by 40.2% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 2,932 shares of the company’s stock worth $372,000 after purchasing an additional 840 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Price Performance

Shares of ABNB opened at $140.52 on Thursday. The company has a market cap of $89.09 billion, a P/E ratio of 49.31, a PEG ratio of 1.88 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. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The firm’s 50 day moving average price is $132.90 and its 200 day moving average price is $129.95.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lowered their price target 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. Bank of America increased their price objective on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Jefferies Financial Group upped their price target on Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Susquehanna lifted their price objective on Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research report on Monday, November 11th. Finally, Morgan Stanley upped their target price on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Airbnb presently has a consensus rating of “Hold” and a consensus price target of $139.63.

Insiders Place Their Bets

In other news, CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $129.58, for a total value of $809,875.00. Following the completion of the transaction, the chief financial officer now owns 484,988 shares in the company, valued at approximately $62,844,745.04. This trade represents a 1.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nathan Blecharczyk sold 9,603 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the sale, the insider now directly owns 164,850 shares in the company, valued at approximately $21,466,767. This trade represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,417,704 shares of company stock worth $187,654,829 over the last 90 days. Corporate insiders own 27.83% of the company’s stock.

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.