Center for Financial Planning Inc. Buys 901 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Center for Financial Planning Inc. lifted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 9,010.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 911 shares of the company’s stock after acquiring an additional 901 shares during the period. Center for Financial Planning Inc.’s holdings in Airbnb were worth $120,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Banque Pictet & Cie SA raised its position in shares of Airbnb by 13.2% in the fourth quarter. Banque Pictet & Cie SA now owns 137,149 shares of the company’s stock worth $18,023,000 after buying an additional 15,965 shares in the last quarter. Figure 8 Investment Strategies LLC purchased a new stake in shares of Airbnb in the fourth quarter worth $834,000. Avestar Capital LLC raised its position in shares of Airbnb by 52.0% in the fourth quarter. Avestar Capital LLC now owns 10,470 shares of the company’s stock worth $1,376,000 after buying an additional 3,580 shares in the last quarter. MTM Investment Management LLC raised its position in shares of Airbnb by 27.6% in the fourth quarter. MTM Investment Management LLC now owns 9,089 shares of the company’s stock worth $1,194,000 after buying an additional 1,964 shares in the last quarter. Finally, Capital Advisors Inc. OK raised its position in shares of Airbnb by 4.7% in the fourth quarter. Capital Advisors Inc. OK now owns 169,266 shares of the company’s stock worth $22,243,000 after buying an additional 7,542 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Up 14.4 %

NASDAQ ABNB opened at $161.42 on Friday. The business’s 50-day moving average is $133.49 and its 200 day moving average is $130.17. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market capitalization of $102.34 billion, a PE ratio of 56.64, a PEG ratio of 1.88 and a beta of 1.12. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. Sell-side analysts forecast that Airbnb, Inc. will post 3.97 earnings per share for the current year.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $137.00, for a total value of $137,000.00. Following the sale, the chief accounting officer now directly owns 40,581 shares in the company, valued at approximately $5,559,597. The trade was a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,608,005 shares of company stock valued at $214,394,023. 27.83% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group upgraded Airbnb from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $110.00 to $153.00 in a research report on Friday. Wedbush restated an “outperform” rating and set a $155.00 price target on shares of Airbnb in a research report on Tuesday, February 4th. Benchmark raised their price target on Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a research report on Friday. Evercore ISI raised their price target on Airbnb to $155.00 and gave the company a “hold” rating in a research report on Wednesday, January 15th. Finally, Robert W. Baird upgraded Airbnb from a “neutral” rating to an “outperform” rating and raised their price target for the company from $140.00 to $175.00 in a research report on Friday. Five investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $145.79.

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.