Lindbrook Capital LLC Acquires 472 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Lindbrook Capital LLC raised its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 31.0% in the fourth quarter, Holdings Channel reports. The firm owned 1,996 shares of the company’s stock after purchasing an additional 472 shares during the period. Lindbrook Capital LLC’s holdings in Airbnb were worth $272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA lifted its holdings in Airbnb by 34.7% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 31,612 shares of the company’s stock worth $4,304,000 after purchasing an additional 8,140 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Airbnb by 4.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock worth $1,119,000 after purchasing an additional 333 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Airbnb by 27.5% during the 4th quarter. Nordea Investment Management AB now owns 1,268,390 shares of the company’s stock worth $172,742,000 after purchasing an additional 273,191 shares in the last quarter. LGT Group Foundation lifted its holdings in Airbnb by 8.1% during the 3rd quarter. LGT Group Foundation now owns 316,545 shares of the company’s stock worth $43,227,000 after purchasing an additional 23,716 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in Airbnb by 14.4% during the 4th quarter. Cerity Partners LLC now owns 95,572 shares of the company’s stock worth $13,011,000 after purchasing an additional 12,008 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Up 1.0 %

Shares of NASDAQ:ABNB opened at $156.61 on Tuesday. The stock has a fifty day simple moving average of $159.60 and a two-hundred day simple moving average of $142.65. The stock has a market capitalization of $101.34 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 1.99 and a beta of 1.25. Airbnb, Inc. has a 12-month low of $103.55 and a 12-month high of $170.10. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24.

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

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $155.83, for a total value of $93,498.00. Following the completion of the sale, the chief technology officer now owns 221,704 shares of the company’s stock, valued at approximately $34,548,134.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CTO Aristotle N. Balogh sold 22,170 shares of Airbnb stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $169.18, for a total value of $3,750,720.60. Following the completion of the sale, the chief technology officer now owns 143,731 shares of the company’s stock, valued at $24,316,410.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $155.83, for a total value of $93,498.00. Following the completion of the sale, the chief technology officer now directly owns 221,704 shares of the company’s stock, valued at approximately $34,548,134.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 463,674 shares of company stock valued at $73,516,515. Corporate insiders own 30.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wells Fargo & Company upped their target price on Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a research note on Monday, April 1st. Wedbush restated a “neutral” rating and issued a $160.00 target price on shares of Airbnb in a research note on Thursday, April 18th. B. Riley Financial assumed coverage on Airbnb in a research note on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 target price on the stock. Barclays upped their target price on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research note on Monday, January 29th. Finally, DA Davidson restated a “neutral” rating and issued a $145.00 target price on shares of Airbnb in a research note on Friday, March 15th. Four equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $147.58.

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.