ZWJ Investment Counsel Inc. Takes Position in Airbnb, Inc. $ABNB

ZWJ Investment Counsel Inc. bought a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, Holdings Channel reports. The institutional investor bought 36,515 shares of the company’s stock, valued at approximately $4,956,000.

Several other large investors have also recently bought and sold shares of the company. Patton Fund Management Inc. raised its position in Airbnb by 4.3% in the fourth quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock valued at $254,000 after purchasing an additional 77 shares during the last quarter. Yoder Wealth Management Inc. raised its holdings in Airbnb by 0.3% in the 4th quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock valued at $3,582,000 after buying an additional 84 shares during the last quarter. Private Advisor Group LLC raised its holdings in Airbnb by 1.0% in the 3rd quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock valued at $1,007,000 after buying an additional 86 shares during the last quarter. Koshinski Asset Management Inc. raised its holdings in Airbnb by 4.1% in the 3rd quarter. Koshinski Asset Management Inc. now owns 2,226 shares of the company’s stock valued at $270,000 after buying an additional 87 shares during the last quarter. Finally, LRI Investments LLC raised its holdings in Airbnb by 7.5% in the 3rd quarter. LRI Investments LLC now owns 1,260 shares of the company’s stock valued at $153,000 after buying an additional 88 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

Insider Activity at Airbnb

In other news, insider Nathan Blecharczyk sold 4,260 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $125.29, for a total value of $533,735.40. Following the transaction, the insider directly owned 49,250 shares of the company’s stock, valued at $6,170,532.50. The trade was a 7.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph Gebbia sold 58,000 shares of the business’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $133.28, for a total value of $7,730,240.00. Following the completion of the transaction, the director directly owned 460,015 shares in the company, valued at $61,310,799.20. This represents a 11.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 363,510 shares of company stock worth $46,447,668 over the last quarter. Company insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $133.85 on Wednesday. The company has a market capitalization of $81.48 billion, a P/E ratio of 33.13, a price-to-earnings-growth ratio of 1.60 and a beta of 1.15. Airbnb, Inc. has a 52-week low of $109.79 and a 52-week high of $143.88. The company’s 50 day moving average price is $127.93 and its 200-day moving average price is $127.25.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.71 billion. Airbnb had a return on equity of 30.88% and a net margin of 20.51%.The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 EPS. Analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wedbush reiterated a “neutral” rating and issued a $130.00 price objective on shares of Airbnb in a report on Friday, February 13th. DA Davidson cut their price target on shares of Airbnb from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. TD Cowen lifted their price target on shares of Airbnb from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Airbnb in a report on Wednesday, January 14th. Finally, Truist Financial raised Airbnb from a “sell” rating to a “hold” rating and lifted their target price for the stock from $107.00 to $129.00 in a report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $149.40.

Airbnb Company Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.