Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC raised its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 14.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,451 shares of the company’s stock after buying an additional 311 shares during the quarter. Burns Matteson Capital Management LLC’s holdings in Airbnb were worth $322,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Salvus Wealth Management LLC boosted its stake in Airbnb by 2.5% in the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock worth $455,000 after purchasing an additional 84 shares in the last quarter. Koshinski Asset Management Inc. lifted its stake 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 worth $292,000 after buying an additional 85 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of Airbnb by 19.3% during the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock valued at $74,000 after buying an additional 94 shares during the last quarter. Kingsview Wealth Management LLC increased its position in shares of Airbnb by 2.7% in the 3rd quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock valued at $468,000 after acquiring an additional 97 shares during the period. Finally, Y.D. More Investments Ltd raised its stake in Airbnb by 3.0% in the 4th quarter. Y.D. More Investments Ltd now owns 3,461 shares of the company’s stock worth $455,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insiders Place Their Bets

In related news, Director Joseph Gebbia sold 214,285 shares of the company’s 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 transaction, the director now directly owns 10,321 shares in the company, valued at approximately $1,352,876.68. This represents a 95.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nathan Blecharczyk sold 9,603 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the sale, the insider now directly owns 164,850 shares of the company’s stock, 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. Over the last 90 days, insiders have sold 1,417,704 shares of company stock valued at $187,654,829. Insiders own 27.83% of the company’s stock.

Analyst Upgrades and Downgrades

ABNB has been the topic of several research analyst reports. Piper Sandler boosted their price target on Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Citigroup upped their target price on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Susquehanna raised their price target on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research report on Monday, November 11th. TD Cowen upped their price objective on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Jefferies Financial Group raised their target price on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight 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 $139.63.

Airbnb Stock Performance

NASDAQ:ABNB opened at $134.98 on Monday. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a market cap of $85.57 billion, a P/E ratio of 47.36, a P/E/G ratio of 1.88 and a beta of 1.12. 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 company’s 50-day moving average price is $132.98 and its 200-day moving average price is $129.94.

Airbnb (NASDAQ:ABNB) last issued its earnings results 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 company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the firm earned $2.39 earnings per share. On average, sell-side analysts forecast that Airbnb, Inc. will post 3.97 earnings per share for the current fiscal year.

Airbnb 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.