RWA Wealth Partners LLC Boosts Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

RWA Wealth Partners LLC increased its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 36.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,768 shares of the company’s stock after acquiring an additional 12,744 shares during the quarter. RWA Wealth Partners LLC’s holdings in Airbnb were worth $6,277,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CAP Partners LLC boosted its position in shares of Airbnb by 3.6% in the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock worth $293,000 after purchasing an additional 77 shares in the last quarter. Lindbrook Capital LLC boosted its stake in Airbnb by 1.4% in the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock worth $728,000 after purchasing an additional 78 shares in the last quarter. Manchester Capital Management LLC increased its stake in Airbnb by 18.2% during the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock valued at $69,000 after purchasing an additional 81 shares in the last quarter. Salvus Wealth Management LLC raised its holdings in Airbnb by 2.5% in the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock worth $455,000 after buying an additional 84 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its stake in shares of Airbnb by 2.3% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 4,285 shares of the company’s stock worth $565,000 after buying an additional 95 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Stock Down 3.9 %

ABNB opened at $120.69 on Monday. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $166.74. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a 50-day simple moving average of $135.29 and a two-hundred day simple moving average of $133.83. The company has a market capitalization of $76.10 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ABNB shares. Wells Fargo & Company reduced their price target on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Tigress Financial boosted their price target on Airbnb from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, March 14th. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a report on Friday, February 14th. Gordon Haskett upgraded Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective for the company in a report on Friday, February 14th. Finally, The Goldman Sachs Group upgraded shares of Airbnb from a “sell” rating to a “neutral” rating and upped their target price for the company from $110.00 to $153.00 in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $147.36.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 20,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $131.87, for a total value of $2,637,400.00. Following the completion of the transaction, the chief technology officer now owns 185,414 shares of the company’s stock, valued at approximately $24,450,544.18. This trade represents a 9.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 38,461 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $135.82, for a total value of $5,223,773.02. Following the sale, the chief executive officer now directly owns 12,498,908 shares in the company, valued at $1,697,601,684.56. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,270,894 shares of company stock worth $317,578,168. Insiders own 27.83% of the company’s stock.

Airbnb Company 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.