Benjamin F. Edwards & Company Inc. Grows Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Benjamin F. Edwards & Company Inc. grew its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 51.3% during the fourth quarter, HoldingsChannel reports. The firm owned 3,407 shares of the company’s stock after buying an additional 1,155 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Airbnb were worth $463,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ABNB. CVA Family Office LLC acquired a new stake in Airbnb in the fourth quarter valued at $26,000. Orion Capital Management LLC acquired a new stake in shares of Airbnb in the 3rd quarter valued at about $27,000. Bfsg LLC bought a new position in shares of Airbnb during the fourth quarter worth about $27,000. McGlone Suttner Wealth Management Inc. acquired a new position in Airbnb in the fourth quarter worth about $30,000. Finally, Financial Management Professionals Inc. grew its stake in Airbnb by 518.4% in the fourth quarter. Financial Management Professionals Inc. now owns 303 shares of the company’s stock worth $41,000 after purchasing an additional 254 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Elinor Mertz sold 9,196 shares of Airbnb stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $156.76, for a total value of $1,441,564.96. Following the completion of the sale, the chief financial officer now directly owns 535,530 shares of the company’s stock, valued at approximately $83,949,682.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Elinor Mertz sold 9,196 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $156.76, for a total transaction of $1,441,564.96. Following the sale, the chief financial officer now directly owns 535,530 shares in the company, valued at $83,949,682.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 78,682 shares of Airbnb stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $169.30, for a total value of $13,320,862.60. Following the completion of the sale, the chief technology officer now directly owns 144,331 shares in the company, valued at approximately $24,435,238.30. The disclosure for this sale can be found here. Insiders have sold a total of 396,874 shares of company stock worth $63,712,671 in the last three months. Insiders own 27.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. B. Riley Financial started coverage on Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price target on the stock. Piper Sandler raised their price target on shares of Airbnb from $136.00 to $145.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Wells Fargo & Company boosted their price objective on shares of Airbnb from $107.00 to $127.00 and gave the company an “underweight” rating in a research report on Monday, April 1st. Tigress Financial raised their target price on shares of Airbnb from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, Bank of America upped their target price on Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a report on Thursday, March 14th. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Airbnb presently has an average rating of “Hold” and a consensus price target of $149.19.

Airbnb Trading Down 1.2 %

Shares of Airbnb stock opened at $157.90 on Thursday. The firm has a market capitalization of $102.17 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24. The company’s fifty day moving average price is $161.59 and its two-hundred day moving average price is $145.41. Airbnb, Inc. has a 52-week low of $103.55 and a 52-week high of $170.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. On average, analysts expect that Airbnb, Inc. will post 4.47 EPS for the current year.

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.