Vested Financial Planning LLC Takes $262,000 Position in Airbnb, Inc. (NASDAQ:ABNB)

Vested Financial Planning LLC bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,990 shares of the company’s stock, valued at approximately $262,000. Airbnb accounts for approximately 0.2% of Vested Financial Planning LLC’s investment portfolio, making the stock its 24th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in ABNB. Elevate Capital Advisors LLC purchased a new position in Airbnb in the 4th quarter valued at about $2,100,000. Savant Capital LLC lifted its stake in shares of Airbnb by 1,957.4% in the fourth quarter. Savant Capital LLC now owns 40,880 shares of the company’s stock worth $5,372,000 after acquiring an additional 38,893 shares in the last quarter. Burns Matteson Capital Management LLC lifted its stake in shares of Airbnb by 14.5% in the fourth quarter. Burns Matteson Capital Management LLC now owns 2,451 shares of the company’s stock worth $322,000 after acquiring an additional 311 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Airbnb in the fourth quarter valued at about $668,000. Finally, Kestra Private Wealth Services LLC grew its stake in Airbnb by 3.8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 17,352 shares of the company’s stock valued at $2,280,000 after purchasing an additional 630 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total value of $89,705.00. Following the transaction, the chief technology officer now directly owns 182,614 shares of the company’s stock, valued at $23,401,984.10. This trade represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nathan Blecharczyk sold 9,603 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were 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 owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. This trade represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,417,704 shares of company stock worth $187,654,829 in the last three months. 27.83% of the stock is currently owned by insiders.

Airbnb Stock Performance

Shares of ABNB opened at $134.98 on Monday. 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’s 50 day moving average is $132.98 and its 200-day moving average is $129.94. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The stock has a market capitalization of $85.57 billion, a P/E ratio of 47.36, a P/E/G ratio of 1.88 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last posted its quarterly 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 business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter last year, the firm posted $2.39 EPS. Equities research analysts anticipate that Airbnb, Inc. will post 3.97 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Citigroup upped their target price on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Benchmark reiterated a “buy” rating and set a $155.00 price objective on shares of Airbnb in a research note on Friday, November 8th. Barclays boosted their target price 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. Susquehanna increased their price target on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research report on Monday, November 11th. Finally, Phillip Securities reissued a “reduce” rating and issued a $120.00 price objective on shares of Airbnb in a report on Tuesday, November 12th. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus price target of $139.63.

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.