Motley Fool Asset Management LLC Buys 1,397 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Motley Fool Asset Management LLC grew its stake in Airbnb, Inc. (NASDAQ:ABNB) by 8.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,626 shares of the company’s stock after purchasing an additional 1,397 shares during the period. Motley Fool Asset Management LLC’s holdings in Airbnb were worth $2,400,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mount Vernon Associates Inc. MD raised its position in Airbnb by 1.0% during the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,270 shares of the company’s stock valued at $990,000 after purchasing an additional 75 shares in the last quarter. Cambridge Trust Co. raised its position in Airbnb by 10.0% during the 4th quarter. Cambridge Trust Co. now owns 825 shares of the company’s stock valued at $112,000 after purchasing an additional 75 shares in the last quarter. Waldron Private Wealth LLC raised its position in Airbnb by 0.5% during the 4th quarter. Waldron Private Wealth LLC now owns 16,171 shares of the company’s stock valued at $2,201,000 after purchasing an additional 78 shares in the last quarter. Venturi Wealth Management LLC raised its position in Airbnb by 36.2% during the 4th quarter. Venturi Wealth Management LLC now owns 301 shares of the company’s stock valued at $41,000 after purchasing an additional 80 shares in the last quarter. Finally, Centurion Wealth Management LLC raised its position in Airbnb by 2.3% during the 4th quarter. Centurion Wealth Management LLC now owns 3,605 shares of the company’s stock valued at $491,000 after purchasing an additional 81 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Performance

Shares of ABNB stock traded up $1.22 on Friday, hitting $164.23. The company had a trading volume of 2,820,919 shares, compared to its average volume of 4,522,737. The firm has a market cap of $106.27 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 2.08 and a beta of 1.25. Airbnb, Inc. has a twelve month low of $103.55 and a twelve month high of $170.10. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $160.44 and a 200-day moving average price of $143.42.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. As a group, equities research analysts predict that Airbnb, Inc. will post 4.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of analyst reports. DA Davidson reiterated a “neutral” rating and issued a $145.00 price target on shares of Airbnb in a report on Friday, March 15th. Barclays lifted their price target on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Monday, January 29th. Susquehanna lifted their price target on Airbnb from $160.00 to $180.00 and gave the company a “positive” rating in a report on Wednesday, February 14th. Wells Fargo & Company lifted their price target on Airbnb from $107.00 to $127.00 and gave the company an “underweight” rating in a report on Monday, April 1st. Finally, Royal Bank of Canada lifted their price target on Airbnb from $140.00 to $150.00 and gave the company a “sector perform” rating in a report on Wednesday, February 14th. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $149.19.

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 78,682 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the completion of the sale, the chief technology officer now directly owns 144,331 shares in the company, valued at approximately $24,435,238.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Airbnb news, CTO Aristotle N. Balogh sold 78,682 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the completion of the sale, the chief technology officer now directly owns 144,331 shares in the company, valued at approximately $24,435,238.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Dave Stephenson sold 7,838 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $145.98, for a total value of $1,144,191.24. Following the sale, the chief financial officer now owns 85,802 shares of the company’s stock, valued at $12,525,375.96. The disclosure for this sale can be found here. In the last three months, insiders sold 456,274 shares of company stock worth $72,410,859. Corporate insiders own 30.84% of the company’s stock.

About Airbnb

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.