Yoder Wealth Management Inc. boosted its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 85.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,220 shares of the company's stock after buying an additional 13,005 shares during the period. Airbnb accounts for 2.7% of Yoder Wealth Management Inc.'s portfolio, making the stock its 10th biggest holding. Yoder Wealth Management Inc.'s holdings in Airbnb were worth $3,842,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Airbnb by 43.0% in the 3rd quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company's stock valued at $4,697,896,000 after buying an additional 10,301,746 shares in the last quarter. Northern Trust Corp boosted its position in shares of Airbnb by 41.3% during the 3rd quarter. Northern Trust Corp now owns 4,363,711 shares of the company's stock valued at $598,745,000 after purchasing an additional 1,276,456 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Airbnb by 5.0% during the 3rd quarter. Legal & General Group Plc now owns 2,568,807 shares of the company's stock valued at $352,466,000 after purchasing an additional 121,651 shares in the last quarter. Alphinity Investment Management Pty Ltd boosted its position in shares of Airbnb by 48.3% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,496,885 shares of the company's stock valued at $339,926,000 after purchasing an additional 813,074 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Airbnb by 69.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,301,395 shares of the company's stock valued at $315,774,000 after purchasing an additional 943,520 shares in the last quarter. Institutional investors own 80.76% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on ABNB. B. Riley began coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They set a "neutral" rating and a $150.00 price objective for the company. B. Riley Financial began coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They set a "neutral" rating and a $150.00 price objective for the company. Wedbush restated a "neutral" rating and set a $160.00 price objective on shares of Airbnb in a research report on Thursday, April 18th. Piper Sandler raised their price objective on shares of Airbnb from $136.00 to $145.00 and gave the company a "neutral" rating in a research report on Wednesday, February 14th. Finally, Susquehanna upped their price objective on shares of Airbnb from $160.00 to $180.00 and gave the company a "positive" rating in a research note on Wednesday, February 14th. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $149.19.
Check Out Our Latest Stock Analysis on Airbnb
Airbnb Stock Up 0.7 %
NASDAQ:ABNB traded up $1.22 during mid-day trading on Friday, reaching $164.23. The stock had a trading volume of 2,821,077 shares, compared to its average volume of 2,991,706. The business's 50 day moving average is $160.44 and its 200 day moving average is $143.51. Airbnb, Inc. has a fifty-two week low of $103.55 and a fifty-two week high of $170.10. The stock has a market cap of $106.27 billion, a P/E ratio of 22.68, a PEG ratio of 2.17 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66.
Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.47 earnings per share for the current year.
Insider Buying and Selling at Airbnb
In other Airbnb news, insider Nathan Blecharczyk sold 60,000 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $146.58, for a total transaction of $8,794,800.00. Following the transaction, the insider now owns 473,762 shares in the company, valued at $69,444,033.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Airbnb news, CFO Dave Stephenson sold 7,838 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $145.98, for a total transaction of $1,144,191.24. Following the transaction, the chief financial officer now owns 85,802 shares in the company, valued at $12,525,375.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nathan Blecharczyk sold 60,000 shares of the firm's stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $146.58, for a total transaction of $8,794,800.00. Following the completion of the sale, the insider now owns 473,762 shares in the company, valued at approximately $69,444,033.96. The disclosure for this sale can be found here. Insiders have sold a total of 456,274 shares of company stock worth $72,410,859 over the last 90 days. Insiders own 30.84% of the company's stock.
Airbnb Company Profile
(
Free Report)
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.
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