Pittenger & Anderson Inc. Purchases 2,285 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Pittenger & Anderson Inc. grew its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 801.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,570 shares of the company’s stock after acquiring an additional 2,285 shares during the period. Pittenger & Anderson Inc.’s holdings in Airbnb were worth $350,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. increased its holdings in Airbnb by 10.7% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,750 shares of the company’s stock worth $1,464,000 after purchasing an additional 1,043 shares in the last quarter. Bfsg LLC bought a new position in shares of Airbnb during the fourth quarter valued at about $27,000. Harvest Fund Management Co. Ltd boosted its holdings in shares of Airbnb by 96.4% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 7,328 shares of the company’s stock worth $993,000 after purchasing an additional 3,596 shares during the period. Yousif Capital Management LLC increased its stake in shares of Airbnb by 0.5% during the fourth quarter. Yousif Capital Management LLC now owns 54,595 shares of the company’s stock valued at $7,433,000 after purchasing an additional 268 shares in the last quarter. Finally, Cumberland Partners Ltd raised its stake in Airbnb by 4.5% during the 4th quarter. Cumberland Partners Ltd now owns 23,040 shares of the company’s stock valued at $3,137,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

Shares of ABNB stock traded up $0.17 during midday trading on Thursday, hitting $163.01. The company had a trading volume of 2,395,455 shares, compared to its average volume of 4,543,855. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66. Airbnb, Inc. has a 52-week low of $103.55 and a 52-week high of $170.10. The stock has a market cap of $105.48 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 2.06 and a beta of 1.25. The company’s 50 day simple moving average is $160.10 and its 200 day simple moving average is $143.03.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. Research analysts anticipate that Airbnb, Inc. will post 4.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

ABNB has been the subject of several recent analyst reports. Royal Bank of Canada raised their target price on shares of Airbnb from $140.00 to $150.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 14th. Barclays lifted their price objective on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Monday, January 29th. JPMorgan Chase & Co. increased their price objective on Airbnb from $118.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Wedbush reaffirmed a “neutral” rating and issued a $160.00 target price on shares of Airbnb in a research report on Thursday, April 18th. Finally, Tigress Financial raised their target price on Airbnb from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $149.19.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Jeffrey D. Jordan sold 8,000 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $150.00, for a total value of $1,200,000.00. Following the completion of the sale, the director now owns 151,646 shares of the company’s stock, valued at $22,746,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Airbnb news, Director Jeffrey D. Jordan sold 8,000 shares of Airbnb stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $150.00, for a total transaction of $1,200,000.00. Following the sale, the director now directly owns 151,646 shares of the company’s stock, valued at $22,746,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $157.24, for a total value of $94,344.00. Following the transaction, the chief technology officer now directly owns 221,104 shares in the company, valued at approximately $34,766,392.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 464,274 shares of company stock valued at $73,610,859. 30.84% of the stock is owned by corporate insiders.

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.