New Wave Wealth Advisors LLC Takes $81,000 Position in Airbnb, Inc. (NASDAQ:ABNB)

New Wave Wealth Advisors LLC bought a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 620 shares of the company’s stock, valued at approximately $81,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ABNB. Edgewood Management LLC raised its stake in shares of Airbnb by 9.2% in the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after buying an additional 1,143,464 shares in the last quarter. Geode Capital Management LLC increased its stake in Airbnb by 1.6% in the third quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock valued at $1,189,635,000 after acquiring an additional 146,761 shares during the period. Pacer Advisors Inc. raised its position in Airbnb by 6,085.6% in the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after purchasing an additional 4,172,985 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Airbnb by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock worth $343,185,000 after purchasing an additional 52,358 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Airbnb by 3.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,360,004 shares of the company’s stock worth $299,272,000 after purchasing an additional 80,610 shares during the period. 80.76% of the stock is owned by institutional investors.

Airbnb Trading Down 0.5 %

NASDAQ ABNB opened at $131.17 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a market capitalization of $83.16 billion, a PE ratio of 46.02, a P/E/G ratio of 1.74 and a beta of 1.13. The stock has a 50-day simple moving average of $133.69 and a 200 day simple moving average of $130.78.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the business earned $2.39 EPS. Research analysts forecast that Airbnb, Inc. will post 3.98 EPS for the current year.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 500 shares of Airbnb stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $136.01, for a total transaction of $68,005.00. Following the transaction, the chief technology officer now owns 185,414 shares in the company, valued at $25,218,158.14. The trade was a 0.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total value of $28,088,477.80. Following the sale, the director now directly owns 10,321 shares of the company’s stock, valued at approximately $1,352,876.68. The trade was a 95.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,372,293 shares of company stock valued at $181,759,318 in the last quarter. Company insiders own 27.83% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on ABNB. UBS Group upped their price objective on Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Cantor Fitzgerald reiterated an “underweight” rating and issued a $94.00 price target on shares of Airbnb in a research report on Monday, October 7th. DA Davidson lifted their price objective on Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Morgan Stanley boosted their target price on shares of Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Finally, Phillip Securities reiterated a “reduce” rating and set a $120.00 target price on shares of Airbnb in a research report on Tuesday, November 12th. Six equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.