Airbnb, Inc. (NASDAQ:ABNB) Position Boosted by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. boosted its position in Airbnb, Inc. (NASDAQ:ABNB) by 24.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,140 shares of the company’s stock after purchasing an additional 610 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Airbnb were worth $413,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new stake in shares of Airbnb during the 3rd quarter valued at $25,000. Hollencrest Capital Management lifted its holdings in shares of Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Airbnb in the third quarter valued at $30,000. Quarry LP purchased a new stake in shares of Airbnb in the third quarter valued at $55,000. Finally, CVA Family Office LLC lifted its holdings in shares of Airbnb by 131.2% in the third quarter. CVA Family Office LLC now owns 474 shares of the company’s stock valued at $60,000 after purchasing an additional 269 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the topic of a number of research reports. Phillip Securities reaffirmed a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a research note on Tuesday, November 12th. Wedbush upped their price target on shares of Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Raymond James assumed coverage on shares of Airbnb in a research note on Friday, September 27th. They issued a “market perform” rating and a $134.00 price target on the stock. Barclays increased their target price on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Finally, JMP Securities reissued a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. Six equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Airbnb currently has an average rating of “Hold” and a consensus target price of $139.63.

Insiders Place Their Bets

In other news, CEO Brian Chesky sold 76,923 shares of Airbnb stock in a transaction on Monday, November 25th. The shares were sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the transaction, the chief executive officer now directly owns 12,616,300 shares of the company’s stock, valued at $1,765,525,022. This trade represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $128.95, for a total transaction of $27,632,050.75. Following the transaction, the director now directly owns 1,071,430 shares in the company, valued at approximately $138,160,898.50. This represents a 16.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,130,382 shares of company stock valued at $150,441,919. Company insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

NASDAQ ABNB opened at $135.12 on Tuesday. The firm has a market cap of $85.66 billion, a price-to-earnings ratio of 47.41, a PEG ratio of 1.63 and a beta of 1.13. The company has a 50 day moving average of $134.16 and a 200-day moving average of $131.81. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period in the prior year, the business earned $2.39 EPS. On average, equities analysts forecast that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

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.