5,460 Shares in Airbnb, Inc. (NASDAQ:ABNB) Acquired by Everence Capital Management Inc.

Everence Capital Management Inc. purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,460 shares of the company’s stock, valued at approximately $743,000.

Other large investors have also recently bought and sold shares of the company. Desjardins Global Asset Management Inc. raised its position in Airbnb by 6.3% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 2,446 shares of the company’s stock worth $333,000 after purchasing an additional 146 shares during the period. SVB Wealth LLC boosted its stake in shares of Airbnb by 7.5% during the 4th quarter. SVB Wealth LLC now owns 18,314 shares of the company’s stock valued at $2,493,000 after purchasing an additional 1,278 shares in the last quarter. Waldron Private Wealth LLC boosted its stake in shares of Airbnb by 0.5% during the 4th quarter. Waldron Private Wealth LLC now owns 16,171 shares of the company’s stock valued at $2,201,000 after purchasing an additional 78 shares in the last quarter. Grove Bank & Trust boosted its stake in shares of Airbnb by 7.8% during the 4th quarter. Grove Bank & Trust now owns 14,390 shares of the company’s stock valued at $1,959,000 after purchasing an additional 1,040 shares in the last quarter. Finally, Conning Inc. bought a new stake in shares of Airbnb during the 4th quarter valued at about $222,000. 80.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ABNB has been the topic of a number of research reports. Tigress Financial lifted their target price on shares of Airbnb from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, April 5th. BMO Capital Markets lifted their target price on shares of Airbnb from $134.00 to $135.00 and gave the company a “market perform” rating in a research note on Wednesday, February 14th. Royal Bank of Canada boosted their price objective on shares of Airbnb from $140.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 14th. Benchmark assumed coverage on shares of Airbnb in a research note on Thursday, April 11th. They set a “buy” rating and a $190.00 price objective on the stock. Finally, Barclays boosted their price objective on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research note on Monday, January 29th. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $147.58.

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $161.55, for a total value of $96,930.00. Following the completion of the transaction, the chief technology officer now directly owns 222,304 shares in the company, valued at $35,913,211.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $161.55, for a total value of $96,930.00. Following the transaction, the chief technology officer now owns 222,304 shares of the company’s stock, valued at approximately $35,913,211.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Aristotle N. Balogh sold 78,682 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the completion of the transaction, the chief technology officer now directly owns 144,331 shares in the company, valued at approximately $24,435,238.30. The disclosure for this sale can be found here. Insiders sold a total of 490,584 shares of company stock worth $77,302,032 over the last three months. 30.84% of the stock is currently owned by company insiders.

Airbnb Stock Up 1.1 %

Shares of ABNB stock opened at $158.37 on Thursday. Airbnb, Inc. has a 12 month low of $103.55 and a 12 month high of $170.10. The stock has a market cap of $102.48 billion, a P/E ratio of 21.87, a P/E/G ratio of 1.99 and a beta of 1.25. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. The company has a 50 day simple moving average of $159.21 and a two-hundred day simple moving average of $141.97.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. On average, research analysts expect that Airbnb, Inc. will post 4.63 earnings per share for the current year.

Airbnb 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.