Optas LLC Takes Position in Airbnb, Inc. (NASDAQ:ABNB)

Optas LLC bought a new position in Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,179 shares of the company’s stock, valued at approximately $286,000.

A number of other institutional investors and hedge funds have also modified their holdings of ABNB. Northwest Investment Counselors LLC acquired a new stake in Airbnb during the 3rd quarter worth about $25,000. Berbice Capital Management LLC acquired a new stake in shares of Airbnb during the fourth quarter worth approximately $26,000. Hollencrest Capital Management grew its position in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Airbnb in the 3rd quarter valued at approximately $30,000. Finally, Quarry LP purchased a new stake in Airbnb in the 3rd quarter worth approximately $55,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In related news, insider Nathan Blecharczyk sold 9,603 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the sale, the insider now directly owns 164,850 shares of the company’s stock, valued at $21,466,767. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 500 shares of Airbnb stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total value of $68,005.00. Following the completion of the transaction, the chief technology officer now owns 185,414 shares of the company’s stock, valued at approximately $25,218,158.14. The trade was a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,372,293 shares of company stock worth $181,759,318 over the last three months. Company insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ABNB shares. Susquehanna upped their price target on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research note on Monday, November 11th. Robert W. Baird lifted their price target on Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, November 8th. JPMorgan Chase & Co. increased their price objective on Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. 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 note on Thursday, January 16th. Finally, Wedbush restated an “outperform” rating and set a $155.00 price target on shares of Airbnb in a research note on Tuesday. Six analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $139.63.

Airbnb Trading Up 0.7 %

Shares of ABNB stock opened at $130.74 on Wednesday. The firm has a fifty day moving average of $133.29 and a 200-day moving average of $130.27. The stock has a market cap of $82.89 billion, a price-to-earnings ratio of 45.87, a P/E/G ratio of 1.72 and a beta of 1.12. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the firm posted $2.39 earnings per share. On average, equities research analysts forecast that Airbnb, Inc. will post 3.98 earnings per share for the current fiscal year.

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.