Albert D Mason Inc. Grows Stake in Airbnb, Inc. (NASDAQ:ABNB)

Albert D Mason Inc. boosted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,157 shares of the company’s stock after acquiring an additional 106 shares during the quarter. Albert D Mason Inc.’s holdings in Airbnb were worth $415,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new stake in Airbnb during the 3rd quarter valued at $25,000. Hollencrest Capital Management boosted its position in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Airbnb during the third quarter valued at about $30,000. Quarry LP purchased a new stake in shares of Airbnb during the third quarter worth about $55,000. Finally, CVA Family Office LLC lifted its stake in shares of Airbnb by 131.2% in the third quarter. CVA Family Office LLC now owns 474 shares of the company’s stock worth $60,000 after acquiring an additional 269 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Trading Up 2.2 %

Shares of ABNB stock opened at $135.12 on Friday. The stock has a 50-day simple moving average of $134.15 and a 200 day simple moving average of $132.22. The stock has a market capitalization of $85.66 billion, a P/E ratio of 47.41, a P/E/G ratio of 1.63 and a beta of 1.13. 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.

Airbnb (NASDAQ:ABNB) last posted 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 net margin of 16.96% and a return on equity of 32.88%. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the business posted $2.39 EPS. On average, sell-side analysts expect that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on ABNB. Citigroup raised their price objective on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Morgan Stanley raised their price target on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. Bank of America upped their price target on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Phillip Securities reissued a “reduce” rating and set a $120.00 price objective on shares of Airbnb in a report on Tuesday, November 12th. Finally, Barclays upped their target price on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Airbnb currently has an average rating of “Hold” and a consensus price target of $139.63.

Insiders Place Their Bets

In other Airbnb news, Director Joseph Gebbia sold 11,635 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the sale, the director now owns 16,472 shares in the company, valued at approximately $2,259,958.40. The trade was a 41.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $129.82, for a total transaction of $90,874.00. Following the completion of the transaction, the chief technology officer now owns 184,014 shares of the company’s stock, valued at approximately $23,888,697.48. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,130,982 shares of company stock worth $150,523,585. 27.83% of the stock is owned by insiders.

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.