Quotient Wealth Partners LLC Takes $204,000 Position in Airbnb, Inc. (NASDAQ:ABNB)

Quotient Wealth Partners LLC acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 1,555 shares of the company’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Salvus Wealth Management LLC raised its holdings in shares of Airbnb by 2.5% during the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock worth $455,000 after acquiring an additional 84 shares during the period. Koshinski Asset Management Inc. raised its stake in Airbnb by 3.8% during the third quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock worth $292,000 after purchasing an additional 85 shares during the period. First Horizon Advisors Inc. boosted its holdings in 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 purchasing an additional 94 shares during the last quarter. Kingsview Wealth Management LLC grew its stake 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 buying an additional 97 shares during the period. Finally, Y.D. More Investments Ltd increased its holdings in shares of Airbnb by 3.0% during the 4th quarter. Y.D. More Investments Ltd now owns 3,461 shares of the company’s stock worth $455,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Truist Financial lowered their price objective on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Susquehanna increased their price target on Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a report on Monday, November 11th. Bank of America boosted their price objective on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. UBS Group increased their target price 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, Wedbush reissued an “outperform” rating and issued a $155.00 price target on shares of Airbnb in a research note on Tuesday, February 4th. Six analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus price target of $139.63.

Insiders Place Their Bets

In other Airbnb news, CAO David C. Bernstein sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $137.00, for a total value of $137,000.00. Following the completion of the sale, 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, CTO Aristotle N. Balogh sold 500 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $136.01, for a total transaction of $68,005.00. Following the transaction, the chief technology officer now owns 185,414 shares in the company, valued at approximately $25,218,158.14. This trade represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,417,704 shares of company stock valued at $187,654,829. 27.83% of the stock is currently owned by insiders.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $135.24 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The firm has a market capitalization of $85.74 billion, a P/E ratio of 47.45, a P/E/G ratio of 1.88 and a beta of 1.12. The company’s fifty day moving average price is $132.93 and its 200 day moving average price is $129.91.

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.