Sequoia Financial Advisors LLC Raises Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Sequoia Financial Advisors LLC grew its stake in Airbnb, Inc. (NASDAQ:ABNB) by 23.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,384 shares of the company’s stock after buying an additional 1,215 shares during the period. Sequoia Financial Advisors LLC’s holdings in Airbnb were worth $869,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC purchased a new stake in Airbnb in the fourth quarter worth about $62,000. Allspring Global Investments Holdings LLC grew its position in shares of Airbnb by 2.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 57,318 shares of the company’s stock worth $7,803,000 after purchasing an additional 1,371 shares in the last quarter. Valley National Advisers Inc. grew its position in shares of Airbnb by 21.6% during the fourth quarter. Valley National Advisers Inc. now owns 908 shares of the company’s stock worth $123,000 after purchasing an additional 161 shares in the last quarter. Bleakley Financial Group LLC grew its position in shares of Airbnb by 2.4% during the fourth quarter. Bleakley Financial Group LLC now owns 7,364 shares of the company’s stock worth $1,003,000 after purchasing an additional 173 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd grew its position in shares of Airbnb by 48.3% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 2,496,885 shares of the company’s stock worth $339,926,000 after purchasing an additional 813,074 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Activity

In other news, CEO Brian Chesky sold 82,033 shares of Airbnb stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $134.55, for a total value of $11,037,540.15. Following the transaction, the chief executive officer now directly owns 14,937,647 shares in the company, valued at approximately $2,009,860,403.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Brian Chesky sold 82,033 shares of Airbnb stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $134.55, for a total value of $11,037,540.15. Following the transaction, the chief executive officer now directly owns 14,937,647 shares in the company, valued at approximately $2,009,860,403.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nathan Blecharczyk sold 40,000 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $133.39, for a total value of $5,335,600.00. Following the transaction, the insider now owns 553,762 shares in the company, valued at $73,866,313.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 615,367 shares of company stock worth $94,049,172. 30.84% of the stock is currently owned by company insiders.

Airbnb Trading Down 3.7 %

Shares of NASDAQ ABNB opened at $159.37 on Monday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $158.53 and a two-hundred day simple moving average of $141.58. The firm has a market cap of $103.12 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 2.04 and a beta of 1.25. Airbnb, Inc. has a twelve month low of $103.55 and a twelve month high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. Analysts expect that Airbnb, Inc. will post 4.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ABNB. UBS Group cut their target price on Airbnb from $148.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Bank of America increased their target price on Airbnb from $155.00 to $168.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. Barclays increased their target price on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Monday, January 29th. B. Riley Financial started coverage on Airbnb in a report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price target for the company. Finally, Mizuho raised their price target on Airbnb from $130.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $147.58.

Airbnb 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.