Graney & King LLC Invests $32,000 in Airbnb, Inc. (NASDAQ:ABNB)

Graney & King LLC purchased a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, Holdings Channel.com reports. The fund purchased 240 shares of the company’s stock, valued at approximately $32,000.

Several other institutional investors have also recently bought and sold shares of ABNB. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at $25,000. Berbice Capital Management LLC bought a new stake in Airbnb during the 4th quarter worth about $26,000. Whipplewood Advisors LLC acquired a new stake in Airbnb in the 4th quarter valued at about $44,000. Cromwell Holdings LLC raised its stake in shares of Airbnb by 82.5% in the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after acquiring an additional 170 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Airbnb during the third quarter worth approximately $55,000. Institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Barclays raised their price target on shares of Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a report on Friday, February 14th. HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. UBS Group upped their price target on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Susquehanna lifted their price objective on Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a research report on Tuesday, February 18th. Finally, DA Davidson upped their target price on shares of Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $147.36.

Airbnb Trading Down 1.0 %

Shares of NASDAQ:ABNB opened at $128.64 on Thursday. The firm has a market cap of $81.11 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $169.11. The company’s fifty day simple moving average is $135.71 and its 200 day simple moving average is $133.60. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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, research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 38,461 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $126.60, for a total transaction of $4,869,162.60. Following the transaction, the chief executive officer now owns 11,770,144 shares of the company’s stock, valued at $1,490,100,230.40. The trade was a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the company’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 sale, the chief technology officer now owns 171,419 shares in the company, valued at approximately $21,598,794. This represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,055,909 shares of company stock worth $289,763,290. Corporate insiders own 27.83% of the company’s stock.

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.