Relyea Zuckerberg Hanson LLC Purchases 270 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Relyea Zuckerberg Hanson LLC raised its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,566 shares of the company’s stock after purchasing an additional 270 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Airbnb were worth $731,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in shares of Airbnb by 6,085.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after acquiring an additional 4,172,985 shares during the last quarter. Meritage Group LP purchased a new position in Airbnb during the third quarter valued at $160,985,000. Edgewood Management LLC grew its holdings in Airbnb by 9.2% during the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after purchasing an additional 1,143,464 shares during the period. International Assets Investment Management LLC increased its position in Airbnb by 19,430.3% in the third quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock worth $1,419,610,000 after buying an additional 1,113,747 shares in the last quarter. Finally, Temasek Holdings Private Ltd raised its stake in shares of Airbnb by 91.3% in the third quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock worth $294,726,000 after buying an additional 1,109,076 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In other Airbnb news, CAO David C. Bernstein sold 1,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were 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 in the company, valued at approximately $5,559,597. The trade was a 2.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $136.11, for a total transaction of $81,666.00. Following the completion of the transaction, the chief technology officer now owns 192,844 shares of the company’s stock, valued at $26,247,996.84. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,130,982 shares of company stock valued at $150,523,585. 27.83% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Robert W. Baird increased their price objective on shares of Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Citigroup boosted their price objective on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Barclays boosted their price target on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Finally, Wells Fargo & Company lowered their target price on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday. Six 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $139.63.

Airbnb Stock Up 1.8 %

Shares of Airbnb stock traded up $2.37 during trading hours on Friday, reaching $134.53. 494,298 shares of the company were exchanged, compared to its average volume of 3,343,981. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The firm has a market cap of $85.29 billion, a PE ratio of 47.17, a PEG ratio of 1.63 and a beta of 1.13. 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’s fifty day moving average is $134.15 and its 200 day moving average is $132.22.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $3.72 billion. During the same period in the prior year, the business earned $2.39 EPS. As a group, equities research analysts forecast that Airbnb, Inc. will post 3.99 earnings per share for the current 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.