Fort Washington Investment Advisors Inc. OH Has $92.13 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 20.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 607,617 shares of the company’s stock after acquiring an additional 103,368 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.09% of Airbnb worth $92,133,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Crewe Advisors LLC raised its stake in Airbnb by 469.5% in the second quarter. Crewe Advisors LLC now owns 541 shares of the company’s stock valued at $82,000 after purchasing an additional 446 shares in the last quarter. UMB Bank n.a. raised its position in shares of Airbnb by 97.9% in the 2nd quarter. UMB Bank n.a. now owns 655 shares of the company’s stock valued at $99,000 after buying an additional 324 shares in the last quarter. Kelleher Financial Advisors bought a new stake in shares of Airbnb during the 2nd quarter worth approximately $209,000. Ridgewood Investments LLC acquired a new stake in shares of Airbnb during the 2nd quarter worth approximately $182,000. Finally, Banco Santander S.A. increased its stake in Airbnb by 132.6% in the second quarter. Banco Santander S.A. now owns 4,692 shares of the company’s stock valued at $711,000 after acquiring an additional 2,675 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Trading Up 0.6 %

Shares of NASDAQ:ABNB traded up $0.71 during midday trading on Friday, reaching $117.31. The company’s stock had a trading volume of 3,279,285 shares, compared to its average volume of 4,569,174. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a 50 day moving average price of $135.26 and a two-hundred day moving average price of $148.30. The firm has a market capitalization of $75.55 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 1.67 and a beta of 1.18.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same period last year, the firm posted $0.98 earnings per share. Airbnb’s quarterly revenue was up 10.6% compared to the same quarter last year. As a group, analysts forecast that Airbnb, Inc. will post 4.66 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Susquehanna cut their target price on Airbnb from $180.00 to $130.00 and set a “positive” rating for the company in a research note on Wednesday, August 7th. B. Riley dropped their price objective on Airbnb from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Bank of America decreased their target price on Airbnb from $160.00 to $132.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. The Goldman Sachs Group dropped their target price on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating for the company in a report on Thursday, August 8th. Finally, Wells Fargo & Company decreased their price target on shares of Airbnb from $129.00 to $100.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and a consensus price target of $137.00.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 44,990 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $150.04, for a total transaction of $6,750,299.60. Following the completion of the sale, the director now directly owns 46,467 shares of the company’s stock, valued at $6,971,908.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Airbnb news, Director Joseph Gebbia sold 44,990 shares of Airbnb stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $150.04, for a total transaction of $6,750,299.60. Following the completion of the transaction, the director now owns 46,467 shares in the company, valued at approximately $6,971,908.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Chesky sold 115,385 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $147.25, for a total value of $16,990,441.25. Following the completion of the sale, the chief executive officer now directly owns 14,145,072 shares of the company’s stock, valued at $2,082,861,852. The disclosure for this sale can be found here. Over the last three months, insiders have sold 619,507 shares of company stock valued at $92,442,963. Corporate insiders own 27.83% of the company’s stock.

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.