Tennessee Valley Asset Management Partners Takes $59,000 Position in Airbnb, Inc. (NASDAQ:ABNB)

Tennessee Valley Asset Management Partners acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 437 shares of the company’s stock, valued at approximately $59,000.

Other institutional investors also recently modified their holdings of the company. Mount Vernon Associates Inc. MD lifted its position in shares of Airbnb by 1.0% during the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,270 shares of the company’s stock valued at $990,000 after acquiring an additional 75 shares during the period. Venturi Wealth Management LLC lifted its position in shares of Airbnb by 36.2% during the 4th quarter. Venturi Wealth Management LLC now owns 301 shares of the company’s stock valued at $41,000 after acquiring an additional 80 shares during the period. Centurion Wealth Management LLC lifted its position in shares of Airbnb by 2.3% during the 4th quarter. Centurion Wealth Management LLC now owns 3,605 shares of the company’s stock valued at $491,000 after acquiring an additional 81 shares during the period. New World Advisors LLC lifted its position in shares of Airbnb by 2.6% during the 4th quarter. New World Advisors LLC now owns 3,256 shares of the company’s stock valued at $443,000 after acquiring an additional 82 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its position in shares of Airbnb by 5.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,823 shares of the company’s stock valued at $250,000 after acquiring an additional 89 shares during the period. 80.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Airbnb news, CFO Dave Stephenson sold 7,838 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $145.98, for a total transaction of $1,144,191.24. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Airbnb news, insider Nathan Blecharczyk sold 60,000 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $146.58, for a total transaction of $8,794,800.00. Following the completion of the transaction, the insider now owns 473,762 shares in the company, valued at $69,444,033.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Dave Stephenson sold 7,838 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $12,525,375.96. The disclosure for this sale can be found here. Insiders sold 463,674 shares of company stock worth $73,516,515 over the last quarter. 30.84% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on ABNB. Barclays boosted their target price on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research report on Monday, January 29th. Piper Sandler upped their price objective on shares of Airbnb from $136.00 to $145.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Wedbush restated a “neutral” rating and set a $160.00 price objective on shares of Airbnb in a report on Thursday, April 18th. BMO Capital Markets upped their price objective on shares of Airbnb from $134.00 to $135.00 and gave the stock a “market perform” rating in a report on Wednesday, February 14th. Finally, DA Davidson restated a “neutral” rating and set a $145.00 price objective on shares of Airbnb in a report on Friday, March 15th. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $147.58.

Airbnb Price Performance

ABNB opened at $160.95 on Wednesday. The firm has a market cap of $104.15 billion, a P/E ratio of 22.23, a PEG ratio of 1.99 and a beta of 1.25. The firm has a 50-day moving average of $159.80 and a 200 day moving average of $142.89. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. Airbnb, Inc. has a fifty-two week low of $103.55 and a fifty-two week high of $170.10.

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

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.