Captrust Financial Advisors Has $2.56 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Captrust Financial Advisors boosted its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 39.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,480 shares of the company's stock after purchasing an additional 5,480 shares during the quarter. Captrust Financial Advisors' holdings in Airbnb were worth $2,560,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in shares of Airbnb during the 4th quarter worth about $25,000. Berbice Capital Management LLC acquired a new position in Airbnb during the fourth quarter valued at approximately $26,000. Graney & King LLC acquired a new position in Airbnb during the fourth quarter valued at approximately $32,000. Whipplewood Advisors LLC bought a new stake in Airbnb in the fourth quarter valued at approximately $44,000. Finally, Cromwell Holdings LLC raised its holdings 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 period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Brian Chesky sold 230,772 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the sale, the chief executive officer now owns 12,000,913 shares in the company, valued at approximately $1,934,067,139.08. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nathan Blecharczyk sold 183,078 shares of the business's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the transaction, the insider now owns 164,850 shares of the company's stock, valued at approximately $26,046,300. This represents a 52.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,983,669 shares of company stock worth $266,947,699 in the last 90 days. Company insiders own 27.83% of the company's stock.

Airbnb Stock Performance

Shares of ABNB stock traded down $0.66 during midday trading on Thursday, hitting $136.79. 3,463,213 shares of the company were exchanged, compared to its average volume of 4,873,168. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The firm has a market capitalization of $86.25 billion, a P/E ratio of 33.12, a PEG ratio of 3.52 and a beta of 1.14. The firm's 50 day moving average price is $121.48 and its two-hundred day moving average price is $131.26. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Airbnb's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS. As a group, equities research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on ABNB. DA Davidson raised shares of Airbnb from a "neutral" rating to a "buy" rating and decreased their price target for the company from $170.00 to $155.00 in a report on Wednesday, April 30th. Hsbc Global Res upgraded Airbnb from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Benchmark cut their price objective on Airbnb from $178.00 to $155.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Baird R W raised Airbnb from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Finally, Susquehanna cut their price target on shares of Airbnb from $200.00 to $150.00 and set a "positive" rating on the stock in a research note on Monday, May 5th. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $141.43.

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.