Red Spruce Capital LLC Boosts Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Red Spruce Capital LLC grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,746 shares of the company’s stock after purchasing an additional 410 shares during the quarter. Airbnb comprises approximately 1.2% of Red Spruce Capital LLC’s investment portfolio, making the stock its 29th biggest holding. Red Spruce Capital LLC’s holdings in Airbnb were worth $2,726,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Northwest Investment Counselors LLC acquired a new position in shares of Airbnb in the 3rd quarter valued at $25,000. Hollencrest Capital Management lifted its position 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 acquiring an additional 200 shares during the period. Ashton Thomas Securities LLC purchased a new stake in Airbnb during the 3rd quarter valued at about $30,000. Quarry LP acquired a new stake in shares of Airbnb during the third quarter worth about $55,000. Finally, CVA Family Office LLC boosted its position in Airbnb by 131.2% in the third quarter. CVA Family Office LLC now owns 474 shares of the company’s stock valued at $60,000 after buying an additional 269 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Airbnb

In other news, CEO Brian Chesky sold 76,923 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the completion of the transaction, the chief executive officer now directly owns 12,616,300 shares in the company, valued at approximately $1,765,525,022. This represents a 0.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO David C. Bernstein sold 1,000 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $137.00, for a total transaction of $137,000.00. Following the completion of the sale, the chief accounting officer now owns 40,581 shares in the company, valued at approximately $5,559,597. This trade represents a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,130,382 shares of company stock worth $150,441,919 in the last ninety days. 27.83% of the stock is owned by insiders.

Airbnb Trading Down 1.5 %

Shares of Airbnb stock opened at $133.07 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The stock’s 50 day simple moving average is $134.11 and its 200-day simple moving average is $131.55. The stock has a market cap of $84.36 billion, a P/E ratio of 46.69, a P/E/G ratio of 1.83 and a beta of 1.13. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the business earned $2.39 earnings per share. Analysts predict that Airbnb, Inc. will post 3.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Evercore ISI raised their price target on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, January 15th. JPMorgan Chase & Co. raised their target price on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Bank of America boosted their target price on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Phillip Securities reaffirmed a “reduce” rating and set a $120.00 price target on shares of Airbnb in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company decreased their price objective on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Six investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Airbnb has an average rating of “Hold” and an average price target of $139.63.

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.