Traynor Capital Management Inc. Buys 5,004 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Traynor Capital Management Inc. increased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 45.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,955 shares of the company’s stock after purchasing an additional 5,004 shares during the quarter. Traynor Capital Management Inc.’s holdings in Airbnb were worth $2,097,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new stake in Airbnb in the 3rd quarter valued at approximately $25,000. Hollencrest Capital Management boosted its stake in shares of Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after buying an additional 200 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Airbnb in the 3rd quarter valued at about $30,000. Quarry LP acquired a new stake in shares of Airbnb in the third quarter valued at about $55,000. Finally, CVA Family Office LLC raised its holdings in Airbnb by 131.2% during 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 own 80.76% of the company’s stock.

Insiders Place Their Bets

In other Airbnb news, Director Joseph Gebbia sold 11,635 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total value of $1,596,322.00. Following the completion of the sale, the director now directly owns 16,472 shares in the company, valued at approximately $2,259,958.40. This trade represents a 41.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $129.82, for a total value of $90,874.00. Following the completion of the sale, the chief technology officer now owns 184,014 shares of the company’s stock, valued at approximately $23,888,697.48. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,130,382 shares of company stock worth $150,441,919. 27.83% of the stock is currently owned by insiders.

Airbnb Stock Down 0.4 %

Shares of NASDAQ ABNB opened at $132.50 on Thursday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. 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 firm has a market cap of $84.00 billion, a PE ratio of 46.49, a price-to-earnings-growth ratio of 1.83 and a beta of 1.13. The company has a 50 day simple moving average of $134.10 and a 200 day simple moving average of $131.55.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) 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 the consensus estimate of $3.72 billion. During the same period in the prior year, the business earned $2.39 earnings per share. On average, research analysts forecast that Airbnb, Inc. will post 3.98 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ABNB. Jefferies Financial Group increased their price objective on Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. DA Davidson boosted their price target on Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Bank of America raised their price target on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Truist Financial decreased their price objective on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Finally, Barclays raised their price objective on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Six research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $139.63.

Airbnb Company 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.