Essential Planning LLC. Takes Position in Airbnb, Inc. (NASDAQ:ABNB)

Essential Planning LLC. purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,877 shares of the company’s stock, valued at approximately $387,000.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in Airbnb in the 4th quarter valued at approximately $25,000. Berbice Capital Management LLC bought a new position in Airbnb in the 4th quarter valued at approximately $26,000. Ashton Thomas Securities LLC bought a new position in Airbnb in the 3rd quarter valued at approximately $30,000. Whipplewood Advisors LLC bought a new position in Airbnb in the 4th quarter valued at approximately $44,000. Finally, Cromwell Holdings LLC raised its holdings in Airbnb by 82.5% in the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after buying an additional 170 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on ABNB. Bank of America raised 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. DA Davidson raised their price objective on shares of Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Truist Financial lowered their price target on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a report on Wednesday, December 4th. UBS Group raised their price target on shares of Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Finally, Argus upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $148.00.

Insiders Place Their Bets

In other news, insider Nathan Blecharczyk sold 183,078 shares of Airbnb stock in a transaction on Friday, February 14th. The stock was sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the sale, the insider now directly owns 164,850 shares in the company, valued at $26,046,300. The trade was a 52.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $130.18, for a total value of $91,126.00. Following the sale, the chief technology officer now owns 172,119 shares in the company, valued at $22,406,451.42. The trade was a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,269,494 shares of company stock valued at $318,203,453 in the last three months. 27.83% of the stock is currently owned by insiders.

Airbnb Price Performance

ABNB opened at $119.38 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market capitalization of $75.27 billion, a price-to-earnings ratio of 28.91, a P/E/G ratio of 3.52 and a beta of 1.10. The firm’s fifty day moving average price is $136.49 and its two-hundred day moving average price is $132.80. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal 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.