Optas LLC Invests $286,000 in Airbnb, Inc. (NASDAQ:ABNB)

Optas LLC purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,179 shares of the company’s stock, valued at approximately $286,000.

Several other institutional investors have also recently bought and sold shares of the stock. Algert Global LLC bought a new position in shares of Airbnb in the 2nd quarter valued at about $374,000. Czech National Bank boosted its stake in Airbnb by 6.5% during the 3rd quarter. Czech National Bank now owns 89,633 shares of the company’s stock worth $11,366,000 after acquiring an additional 5,501 shares during the last quarter. Miracle Mile Advisors LLC boosted its position in shares of Airbnb by 3.5% during the third quarter. Miracle Mile Advisors LLC now owns 9,617 shares of the company’s stock worth $1,220,000 after purchasing an additional 327 shares in the last quarter. Kesler Norman & Wride LLC acquired a new position in shares of Airbnb in the 3rd quarter valued at $500,000. Finally, Axiom Advisory LLC lifted its holdings in Airbnb by 1.6% during the third quarter. Axiom Advisory LLC now owns 113,408 shares of the company’s stock worth $14,705,000 after acquiring an additional 1,772 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Trading Up 0.7 %

Shares of Airbnb stock opened at $130.74 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market cap of $82.89 billion, a PE ratio of 45.87, a PEG ratio of 1.72 and a beta of 1.12. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The firm has a 50-day moving average of $133.29 and a 200-day moving average of $130.27.

Airbnb (NASDAQ:ABNB) last released its 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 company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the company posted $2.39 earnings per share. As a group, sell-side analysts forecast that Airbnb, Inc. will post 3.98 EPS for the current year.

Insiders Place Their Bets

In other news, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the sale, the chief accounting officer now directly owns 40,581 shares of the company’s stock, valued at approximately $5,559,597. This trade represents a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $129.21, for a total value of $27,687,764.85. Following the completion of the transaction, the director now directly owns 857,145 shares of the company’s stock, valued at $110,751,705.45. This represents a 20.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,372,293 shares of company stock worth $181,759,318 over the last three months. Insiders own 27.83% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on ABNB. Susquehanna lifted their price target on shares of Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a research note on Monday, November 11th. Evercore ISI increased their target price on Airbnb to $155.00 and gave the stock a “hold” rating in a report on Wednesday, January 15th. Barclays boosted their price target on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Friday, November 8th. UBS Group raised their price target on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Phillip Securities reiterated a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a research note on Tuesday, November 12th. Six investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average 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.