Maridea Wealth Management LLC Buys New Stake in Airbnb, Inc. $ABNB

Maridea Wealth Management LLC purchased a new position in shares of Airbnb, Inc. (NASDAQ:ABNBFree Report) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 12,715 shares of the company’s stock, valued at approximately $1,726,000.

Several other hedge funds also recently added to or reduced their stakes in ABNB. Procyon Advisors LLC grew its stake in shares of Airbnb by 19.8% in the fourth quarter. Procyon Advisors LLC now owns 9,254 shares of the company’s stock valued at $1,256,000 after buying an additional 1,528 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Airbnb by 8.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,522 shares of the company’s stock worth $207,000 after acquiring an additional 115 shares in the last quarter. Aventura Private Wealth LLC acquired a new position in Airbnb during the 4th quarter worth approximately $29,000. Riversedge Advisors LLC boosted its holdings in Airbnb by 22.6% in the 4th quarter. Riversedge Advisors LLC now owns 2,439 shares of the company’s stock worth $331,000 after acquiring an additional 449 shares during the period. Finally, Penbrook Management LLC boosted its holdings in Airbnb by 1.1% in the 4th quarter. Penbrook Management LLC now owns 8,950 shares of the company’s stock worth $1,215,000 after acquiring an additional 100 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Joseph Gebbia sold 58,000 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $131.27, for a total transaction of $7,613,660.00. Following the completion of the sale, the director directly owned 286,015 shares of the company’s stock, valued at $37,545,189.05. This trade represents a 16.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nathan Blecharczyk sold 4,260 shares of Airbnb stock in a transaction on Friday, February 20th. The stock was sold at an average price of $125.29, for a total value of $533,735.40. Following the completion of the transaction, the insider owned 49,250 shares in the company, valued at $6,170,532.50. The trade was a 7.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 363,510 shares of company stock worth $47,422,070. Insiders own 27.91% of the company’s stock.

Airbnb Stock Down 1.7%

Shares of ABNB stock opened at $128.52 on Friday. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $143.88. The stock has a 50-day simple moving average of $129.31 and a 200 day simple moving average of $126.70. The stock has a market capitalization of $78.23 billion, a P/E ratio of 31.81, a P/E/G ratio of 1.57 and a beta of 1.12.

Airbnb (NASDAQ:ABNBGet Free Report) last issued its earnings results on Thursday, February 12th. The company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.71 billion. Airbnb had a return on equity of 30.88% and a net margin of 20.51%.The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 earnings per share. On average, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ABNB. Cantor Fitzgerald set a $121.00 price objective on shares of Airbnb in a research note on Friday, February 13th. Wells Fargo & Company raised their target price on Airbnb from $128.00 to $133.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Airbnb in a research report on Wednesday, January 21st. Mizuho boosted their price target on Airbnb from $156.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Finally, Barclays increased their price target on Airbnb from $120.00 to $122.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Airbnb has an average rating of “Hold” and a consensus target price of $147.40.

Get Our Latest Analysis on Airbnb

More Airbnb News

Here are the key news stories impacting Airbnb this week:

Airbnb Company Profile

(Free Report)

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.

Featured Stories

Want to see what other hedge funds are holding ABNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Airbnb, Inc. (NASDAQ:ABNBFree Report).

Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

Receive News & Ratings for Airbnb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airbnb and related companies with MarketBeat.com's FREE daily email newsletter.