Wedmont Private Capital Acquires 435 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Wedmont Private Capital boosted its holdings in Airbnb, Inc. (NASDAQ:ABNBFree Report) by 17.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,970 shares of the company’s stock after buying an additional 435 shares during the period. Wedmont Private Capital’s holdings in Airbnb were worth $416,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Wellesley Asset Management bought a new position in Airbnb in the 1st quarter worth approximately $121,000. Resurgent Financial Advisors LLC bought a new stake in shares of Airbnb during the second quarter valued at approximately $25,000. Orion Capital Management LLC bought a new stake in shares of Airbnb during the third quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. bought a new stake in shares of Airbnb during the third quarter valued at approximately $39,000. Finally, Quadrant Capital Group LLC increased its position in shares of Airbnb by 58.4% during the second quarter. Quadrant Capital Group LLC now owns 282 shares of the company’s stock valued at $36,000 after purchasing an additional 104 shares during the period. 44.19% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 2,750 shares of the stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $141.00, for a total value of $387,750.00. Following the completion of the sale, the chief technology officer now directly owns 159,396 shares in the company, valued at $22,474,836. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CTO Aristotle N. Balogh sold 75,500 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $155.31, for a total transaction of $11,725,905.00. Following the completion of the transaction, the chief technology officer now directly owns 146,131 shares of the company’s stock, valued at $22,695,605.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 2,750 shares of the company’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $141.00, for a total value of $387,750.00. Following the transaction, the chief technology officer now directly owns 159,396 shares of the company’s stock, valued at $22,474,836. The disclosure for this sale can be found here. Insiders sold 1,181,869 shares of company stock worth $168,899,641 over the last ninety days. 30.84% of the stock is currently owned by corporate insiders.

Airbnb Trading Up 0.8 %

NASDAQ ABNB opened at $161.86 on Tuesday. The stock has a 50-day simple moving average of $149.91 and a 200 day simple moving average of $138.18. The company has a market capitalization of $104.73 billion, a PE ratio of 22.36, a P/E/G ratio of 2.12 and a beta of 1.25. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 12 month low of $103.55 and a 12 month high of $168.19.

Airbnb (NASDAQ:ABNBGet Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. Research analysts forecast that Airbnb, Inc. will post 4.66 EPS for the current year.

Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of research reports. UBS Group lowered their price objective on Airbnb from $148.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. Royal Bank of Canada boosted their price objective on Airbnb from $140.00 to $150.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 14th. Susquehanna boosted their price objective on Airbnb from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Wednesday, February 14th. BMO Capital Markets boosted their price target on Airbnb from $134.00 to $135.00 and gave the company a “market perform” rating in a research note on Wednesday, February 14th. Finally, TheStreet raised Airbnb from a “c-” rating to a “b-” rating in a research note on Tuesday, December 12th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $144.96.

View Our Latest Report on Airbnb

About Airbnb

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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