Mosaic Financial Group LLC Has $278,000 Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Mosaic Financial Group LLC lessened its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 4.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,116 shares of the company’s stock after selling 100 shares during the quarter. Mosaic Financial Group LLC’s holdings in Airbnb were worth $278,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. O Shaughnessy Asset Management LLC raised its position in Airbnb by 2.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 26,464 shares of the company’s stock worth $3,478,000 after purchasing an additional 604 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of Airbnb by 147.3% in the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock valued at $571,505,000 after buying an additional 2,590,475 shares during the period. RWA Wealth Partners LLC raised its position in shares of Airbnb by 36.4% during the fourth quarter. RWA Wealth Partners LLC now owns 47,768 shares of the company’s stock worth $6,277,000 after acquiring an additional 12,744 shares during the last quarter. Allstate Corp acquired a new position in shares of Airbnb in the fourth quarter worth approximately $1,697,000. Finally, DnB Asset Management AS boosted its holdings in Airbnb by 5.9% in the fourth quarter. DnB Asset Management AS now owns 79,350 shares of the company’s stock valued at $10,427,000 after acquiring an additional 4,409 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

ABNB stock opened at $119.46 on Tuesday. 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 market cap of $75.32 billion, a PE ratio of 28.92, a P/E/G ratio of 3.52 and a beta of 1.10. The business has a 50 day moving average of $134.98 and a 200-day moving average of $133.85. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $166.74.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. As a group, sell-side analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Robert W. Baird dropped their price target on shares of Airbnb from $175.00 to $160.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 25th. Susquehanna boosted their target price on shares of Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a report on Tuesday, February 18th. UBS Group increased their price target on Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Tigress Financial boosted their price objective on Airbnb from $195.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, March 14th. Finally, HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $147.36.

Insider Activity at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $129.38, for a total transaction of $27,724,193.30. Following the completion of the transaction, the director now directly owns 2,509,155 shares of the company’s stock, valued at $324,634,473.90. This represents a 7.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $135.82, for a total transaction of $5,223,773.02. Following the completion of the sale, the chief executive officer now directly owns 12,498,908 shares in the company, valued at $1,697,601,684.56. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,270,894 shares of company stock worth $317,578,168. 27.83% of the stock is owned by company insiders.

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.