Creative Financial Designs Inc. ADV Grows Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Creative Financial Designs Inc. ADV increased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 15.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,178 shares of the company’s stock after purchasing an additional 161 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Airbnb were worth $155,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ABNB. Golden State Wealth Management LLC bought a new position in shares of Airbnb during the 4th quarter valued at $25,000. Berbice Capital Management LLC purchased a new stake in Airbnb during the fourth quarter valued at $26,000. Whipplewood Advisors LLC bought a new position in Airbnb in the fourth quarter valued at about $44,000. Cromwell Holdings LLC boosted its position in Airbnb by 82.5% in the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after purchasing an additional 170 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Airbnb during the 3rd quarter valued at about $55,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the topic of several recent research reports. HSBC upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Gordon Haskett upgraded shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price target on the stock in a research note on Friday, February 14th. Evercore ISI upped their price objective on Airbnb to $155.00 and gave the stock a “hold” rating in a research note on Wednesday, January 15th. Susquehanna raised their target price on Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a report on Tuesday, February 18th. Finally, Jefferies Financial Group raised Airbnb from a “hold” rating to a “buy” rating and boosted their price target for the company from $165.00 to $185.00 in a report on Monday, March 10th. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $148.15.

Insider Buying and Selling

In other news, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $126.00, for a total value of $88,200.00. Following the completion of the sale, the chief technology officer now directly owns 171,419 shares of the company’s stock, valued at $21,598,794. This trade represents a 0.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian Chesky sold 38,461 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $126.60, for a total value of $4,869,162.60. Following the transaction, the chief executive officer now directly owns 11,770,144 shares in the company, valued at approximately $1,490,100,230.40. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,094,370 shares of company stock worth $294,900,910. Corporate insiders own 27.83% of the company’s stock.

Airbnb Stock Up 0.1 %

NASDAQ ABNB opened at $126.15 on Friday. The stock has a 50 day moving average price of $135.74 and a 200-day moving average price of $133.10. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market capitalization of $79.54 billion, a P/E ratio of 30.54, a P/E/G ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, equities analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

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.