Annis Gardner Whiting Capital Advisors LLC Raises Position in Airbnb, Inc. (NASDAQ:ABNB)

Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,113 shares of the company’s stock after buying an additional 198 shares during the period. Annis Gardner Whiting Capital Advisors LLC’s holdings in Airbnb were worth $409,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ABNB. Public Sector Pension Investment Board grew its stake in shares of Airbnb by 11.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 18,919 shares of the company’s stock worth $2,399,000 after acquiring an additional 2,000 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Airbnb in the 3rd quarter worth about $899,000. Benjamin Edwards Inc. purchased a new stake in Airbnb in the 3rd quarter valued at about $711,000. Hilltop Holdings Inc. bought a new position in shares of Airbnb during the 3rd quarter worth approximately $344,000. Finally, Janus Henderson Group PLC boosted its stake in shares of Airbnb by 4.0% in the 3rd quarter. Janus Henderson Group PLC now owns 54,131 shares of the company’s stock worth $6,866,000 after buying an additional 2,100 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on ABNB. HSBC raised Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. DA Davidson lifted their target price on Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Jefferies Financial Group upgraded shares of Airbnb from a “hold” rating to a “buy” rating and increased their price target for the company from $165.00 to $185.00 in a research report on Monday, March 10th. The Goldman Sachs Group raised shares of Airbnb from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $110.00 to $153.00 in a research report on Friday, February 14th. Finally, Wells Fargo & Company reduced their target price on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $147.28.

Airbnb Stock Down 7.2 %

ABNB stock opened at $113.97 on Friday. The company’s 50 day moving average is $134.16 and its 200 day moving average is $133.65. The stock has a market cap of $71.86 billion, a price-to-earnings ratio of 27.60, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $166.74.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 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%. Sell-side analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $135.94, for a total transaction of $29,129,902.90. Following the transaction, the director now owns 1,285,715 shares of the company’s stock, valued at approximately $174,780,097.10. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $135.35, for a total transaction of $94,745.00. Following the completion of the sale, the chief technology officer now directly owns 184,714 shares of the company’s stock, valued at $25,001,039.90. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,290,053 shares of company stock valued at $319,656,539 over the last 90 days. Insiders own 27.83% of the company’s stock.

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.