LMG Wealth Partners LLC Purchases 380 Shares of Airbnb, Inc. (NASDAQ:ABNB)

LMG Wealth Partners LLC boosted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 1.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,058 shares of the company’s stock after purchasing an additional 380 shares during the period. LMG Wealth Partners LLC’s holdings in Airbnb were worth $2,636,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ieq Capital LLC grew its stake in shares of Airbnb by 103.1% during the fourth quarter. Ieq Capital LLC now owns 188,289 shares of the company’s stock valued at $24,743,000 after purchasing an additional 95,559 shares during the last quarter. Bryn Mawr Capital Management LLC boosted its position in Airbnb by 73.6% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 12,630 shares of the company’s stock valued at $1,660,000 after buying an additional 5,356 shares during the last quarter. Laidlaw Wealth Management LLC raised its position in shares of Airbnb by 14.6% during the fourth quarter. Laidlaw Wealth Management LLC now owns 7,279 shares of the company’s stock worth $957,000 after acquiring an additional 929 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of Airbnb by 19.8% during the fourth quarter. Global Retirement Partners LLC now owns 2,128 shares of the company’s stock valued at $280,000 after acquiring an additional 351 shares during the period. Finally, Kestra Investment Management LLC bought a new position in Airbnb in the fourth quarter valued at about $59,000. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Down 1.7 %

Shares of ABNB stock opened at $157.83 on Thursday. The firm’s fifty day moving average price is $134.80 and its two-hundred day moving average price is $130.65. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $100.06 billion, a P/E ratio of 38.22, a PEG ratio of 2.38 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, equities analysts predict that Airbnb, Inc. will post 4.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ABNB. Piper Sandler boosted their price objective on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Argus upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday. Morgan Stanley lifted their target price on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Phillip Securities reissued a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a research note on Tuesday, November 12th. Finally, The Goldman Sachs Group upgraded Airbnb from a “sell” rating to a “neutral” rating and raised their price target for the stock from $110.00 to $153.00 in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Airbnb presently has an average rating of “Hold” and an average price target of $147.00.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 500 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $136.01, for a total transaction of $68,005.00. Following the transaction, the chief technology officer now directly 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 Securities & Exchange Commission, which is available at this link. Also, insider Nathan Blecharczyk sold 183,078 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the completion of the sale, the insider now owns 164,850 shares of the company’s stock, valued at $26,046,300. This trade represents a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,834,455 shares of company stock worth $256,987,686 in the last 90 days. Corporate insiders own 27.83% of the company’s stock.

About Airbnb

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.