5,140 Shares in Airbnb, Inc. (NASDAQ:ABNB) Bought by Trust Asset Management LLC

Trust Asset Management LLC bought a new position in Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,140 shares of the company’s stock, valued at approximately $700,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CVA Family Office LLC bought a new position in shares of Airbnb during the 4th quarter worth about $26,000. Orion Capital Management LLC bought a new position in shares of Airbnb during the 3rd quarter worth about $27,000. Bfsg LLC bought a new position in shares of Airbnb during the 4th quarter worth about $27,000. McGlone Suttner Wealth Management Inc. bought a new stake in Airbnb in the fourth quarter valued at about $30,000. Finally, Farmers & Merchants Investments Inc. acquired a new position in Airbnb in the third quarter worth about $39,000. Institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

Shares of ABNB traded up $0.17 during mid-day trading on Thursday, hitting $163.01. 2,397,571 shares of the company traded hands, compared to its average volume of 4,543,943. Airbnb, Inc. has a one year low of $103.55 and a one year high of $170.10. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average of $160.20 and a 200 day moving average of $143.17. The stock has a market capitalization of $105.48 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 2.06 and a beta of 1.25.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data 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 net margin of 48.32% and a return on equity of 40.96%. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.16 billion. As a group, equities analysts expect that Airbnb, Inc. will post 4.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ABNB has been the subject of several recent research reports. Susquehanna increased their price target on shares of Airbnb from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Wednesday, February 14th. Wells Fargo & Company increased their price target on shares of Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a research report on Monday, April 1st. BMO Capital Markets increased their price target on shares of Airbnb from $134.00 to $135.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 14th. UBS Group dropped their price target on shares of Airbnb from $148.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Finally, DA Davidson reissued a “neutral” rating and issued a $145.00 price target on shares of Airbnb in a research report on Friday, March 15th. Four investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $149.19.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 76,912 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $147.79, for a total value of $11,366,824.48. Following the transaction, the chief executive officer now directly owns 14,545,529 shares of the company’s stock, valued at $2,149,683,730.91. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $157.24, for a total value of $94,344.00. Following the sale, the chief technology officer now directly owns 221,104 shares in the company, valued at $34,766,392.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian Chesky sold 76,912 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $147.79, for a total transaction of $11,366,824.48. Following the completion of the sale, the chief executive officer now owns 14,545,529 shares in the company, valued at $2,149,683,730.91. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 464,274 shares of company stock valued at $73,610,859. 30.84% of the stock is currently owned by insiders.

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.