Everence Capital Management Inc. Purchases 1,500 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Everence Capital Management Inc. boosted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 19.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,280 shares of the company’s stock after buying an additional 1,500 shares during the period. Everence Capital Management Inc.’s holdings in Airbnb were worth $1,219,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new position in shares of Airbnb during the third quarter worth $25,000. Hollencrest Capital Management lifted its holdings in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after buying an additional 200 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Airbnb in the 3rd quarter valued at about $30,000. Quarry LP acquired a new stake in shares of Airbnb in the third quarter valued at about $55,000. Finally, Meeder Asset Management Inc. raised its position in shares of Airbnb by 73.6% during the second quarter. Meeder Asset Management Inc. now owns 375 shares of the company’s stock worth $57,000 after acquiring an additional 159 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Airbnb

In related news, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $137.00, for a total value of $137,000.00. Following the sale, the chief accounting officer now owns 40,581 shares of the company’s stock, valued at approximately $5,559,597. The trade was a 2.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 38,461 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $133.58, for a total value of $5,137,620.38. Following the transaction, the chief executive officer now directly owns 12,537,369 shares of the company’s stock, valued at approximately $1,674,741,751.02. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 675,961 shares of company stock worth $90,169,271. 27.83% of the stock is owned by company insiders.

Airbnb Price Performance

Airbnb stock opened at $135.71 on Friday. The stock has a market cap of $86.04 billion, a P/E ratio of 47.62, a P/E/G ratio of 1.93 and a beta of 1.13. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average price is $135.46 and its two-hundred day moving average price is $133.37. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the prior year, the firm posted $2.39 EPS. On average, equities analysts predict that Airbnb, Inc. will post 3.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ABNB has been the subject of a number of recent analyst reports. Robert W. Baird increased their target price on shares of Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Wells Fargo & Company lifted their target price on shares of Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Cantor Fitzgerald reissued an “underweight” rating and issued a $94.00 price objective on shares of Airbnb in a research report on Monday, October 7th. Finally, UBS Group upped their target price on Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Six investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and an average target price of $139.48.

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.