Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC boosted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 22.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,894 shares of the company’s stock after purchasing an additional 881 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Airbnb were worth $643,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Northwest Investment Counselors LLC purchased a new position in shares of Airbnb in the 3rd quarter valued at approximately $25,000. Hollencrest Capital Management grew its position in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in Airbnb in the 3rd quarter valued at $30,000. Quarry LP acquired a new position in Airbnb in the 3rd quarter valued at $55,000. Finally, CVA Family Office LLC raised its position in Airbnb by 131.2% during the 3rd quarter. CVA Family Office LLC now owns 474 shares of the company’s stock worth $60,000 after buying an additional 269 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Robert W. Baird boosted their price target on shares of Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Jefferies Financial Group lifted their price objective on Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. TD Cowen increased their target price on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Raymond James started coverage on Airbnb in a research note on Friday, September 27th. They issued a “market perform” rating and a $134.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price objective on Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $139.63.

Insiders Place Their Bets

In related news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $128.95, for a total value of $27,632,050.75. Following the transaction, the director now directly owns 1,071,430 shares of the company’s stock, valued at approximately $138,160,898.50. This trade represents a 16.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $135.33, for a total value of $81,198.00. Following the sale, the chief technology officer now directly owns 192,244 shares of the company’s stock, valued at approximately $26,016,380.52. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,130,982 shares of company stock valued at $150,523,585. Insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

Shares of ABNB opened at $132.16 on Friday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company’s 50 day simple moving average is $134.45 and its 200 day simple moving average is $132.22. The company has a market capitalization of $83.79 billion, a price-to-earnings ratio of 46.37, a PEG ratio of 1.63 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter last year, the business earned $2.39 EPS. On average, sell-side analysts predict that Airbnb, Inc. will post 3.99 EPS for the current year.

About Airbnb

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.