GenTrust LLC Purchases New Holdings in Airbnb, Inc. (NASDAQ:ABNB)

GenTrust LLC purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 344,040 shares of the company’s stock, valued at approximately $45,210,000. Airbnb makes up 2.0% of GenTrust LLC’s investment portfolio, making the stock its 13th biggest position.

Other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in shares of Airbnb in the fourth quarter valued at approximately $25,000. Berbice Capital Management LLC bought a new stake in Airbnb during the fourth quarter worth $26,000. Hollencrest Capital Management lifted its stake in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Airbnb during the third quarter worth $30,000. Finally, Whipplewood Advisors LLC bought a new stake in Airbnb during the fourth quarter worth $44,000. 80.76% of the stock is currently owned by institutional investors.

Airbnb Stock Performance

Shares of Airbnb stock opened at $144.03 on Thursday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $136.22 and a two-hundred day moving average price of $131.58. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The company has a market cap of $90.82 billion, a P/E ratio of 34.87, a PEG ratio of 3.52 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. As a group, analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Citigroup upped their target price on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Baird R W upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Gordon Haskett upgraded Airbnb from a “sell” rating to a “hold” rating and set a $143.00 target price for the company in a research note on Friday, February 14th. Finally, HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average target price of $146.48.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $136.01, for a total value of $68,005.00. Following the completion of the sale, the chief technology officer now directly owns 185,414 shares in the company, valued at $25,218,158.14. This trade represents a 0.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Joseph Gebbia sold 19,448 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $137.14, for a total value of $2,667,098.72. Following the completion of the sale, the director now owns 2,509 shares of the company’s stock, valued at approximately $344,084.26. This represents a 88.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,876,329 shares of company stock worth $265,258,279 in the last three months. Company insiders own 27.83% 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.