Nicolet Advisory Services LLC Purchases Shares of 1,635 Airbnb, Inc. (NASDAQ:ABNB)

Nicolet Advisory Services LLC acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,635 shares of the company’s stock, valued at approximately $212,000.

A number of other large investors have also made changes to their positions in ABNB. Golden State Wealth Management LLC acquired a new stake in Airbnb during the fourth quarter worth about $25,000. Berbice Capital Management LLC bought a new stake in shares of Airbnb in the 4th quarter worth approximately $26,000. Graney & King LLC acquired a new stake in shares of Airbnb during the 4th quarter worth approximately $32,000. Whipplewood Advisors LLC bought a new stake in shares of Airbnb during the fourth quarter valued at approximately $44,000. Finally, Cromwell Holdings LLC increased its position in shares of Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after purchasing an additional 170 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $135.35, for a total transaction of $94,745.00. Following the sale, the chief technology officer now owns 184,714 shares of the company’s stock, valued at approximately $25,001,039.90. This trade represents a 0.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Brian Chesky sold 230,772 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $161.16, for a total value of $37,191,215.52. Following the completion of the transaction, the chief executive officer now directly owns 12,000,913 shares of the company’s stock, valued at approximately $1,934,067,139.08. The trade was a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,290,053 shares of company stock worth $319,656,539. 27.83% of the stock is currently owned by company insiders.

Airbnb Price Performance

Shares of ABNB stock opened at $106.66 on Friday. The firm’s 50 day moving average price is $133.75 and its two-hundred day moving average price is $133.58. The stock has a market cap of $67.25 billion, a PE ratio of 25.83, a PEG ratio of 3.52 and a beta of 1.15. Airbnb, Inc. has a 52-week low of $104.73 and a 52-week high of $166.74. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. As a group, analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ABNB. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research note on Friday, February 14th. Canaccord Genuity Group lifted their target price on shares of Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 14th. HSBC raised shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Evercore ISI raised their price target on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a research note on Wednesday, January 15th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research note on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $147.28.

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.