Venturi Wealth Management LLC Raises Stake in Airbnb, Inc. (NASDAQ:ABNB)

Venturi Wealth Management LLC increased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 826.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,446 shares of the company’s stock after purchasing an additional 3,966 shares during the period. Venturi Wealth Management LLC’s holdings in Airbnb were worth $584,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. CAP Partners LLC raised its holdings in shares of Airbnb by 3.6% in the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock valued at $293,000 after acquiring an additional 77 shares in the last quarter. Manchester Capital Management LLC raised its holdings in shares of Airbnb by 18.2% in the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock valued at $69,000 after acquiring an additional 81 shares in the last quarter. Salvus Wealth Management LLC raised its holdings in shares of Airbnb by 2.5% in the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after acquiring an additional 84 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Airbnb by 19.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock valued at $74,000 after acquiring an additional 94 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its holdings in shares of Airbnb by 2.7% in the 3rd quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock valued at $468,000 after acquiring an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In other Airbnb news, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction on Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the completion of the transaction, the chief accounting officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction on Friday, February 14th. The shares were sold at an average price of $161.16, for a total value of $37,191,215.52. Following the transaction, the chief executive officer now owns 12,000,913 shares of the company’s stock, valued at $1,934,067,139.08. The trade was a 1.89 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,834,455 shares of company stock worth $256,987,686. 27.83% of the stock is owned by insiders.

Airbnb Trading Down 1.7 %

ABNB opened at $157.83 on Thursday. The stock has a market cap of $100.06 billion, a PE ratio of 38.22, a PEG ratio of 2.38 and a beta of 1.12. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average of $134.80 and a 200-day moving average of $130.65. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10.

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

Analysts Set New Price Targets

Several research firms have weighed in on ABNB. Canaccord Genuity Group raised their price target on Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a report on Friday, February 14th. UBS Group increased their price objective on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Citigroup increased their price objective on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Robert W. Baird upgraded Airbnb from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $140.00 to $175.00 in a research report on Friday, February 14th. Finally, Morgan Stanley increased their price objective on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research report on Monday, January 13th. Five analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Airbnb has a consensus rating of “Hold” and a consensus price target of $147.00.

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.