Vestmark Advisory Solutions Inc. Grows Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Vestmark Advisory Solutions Inc. grew its stake in Airbnb, Inc. (NASDAQ:ABNB) by 11.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,734 shares of the company’s stock after purchasing an additional 1,251 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Airbnb were worth $1,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Lindbrook Capital LLC increased its stake in shares of Airbnb by 1.4% in the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock worth $728,000 after acquiring an additional 78 shares during the last quarter. HS Management Partners LLC increased its position in Airbnb by 13.4% during the fourth quarter. HS Management Partners LLC now owns 338,525 shares of the company’s stock worth $44,486,000 after purchasing an additional 40,130 shares during the last quarter. Dana Investment Advisors Inc. raised its stake in Airbnb by 9.4% during the fourth quarter. Dana Investment Advisors Inc. now owns 6,877 shares of the company’s stock worth $904,000 after purchasing an additional 592 shares during the period. Proficio Capital Partners LLC boosted its holdings in Airbnb by 2.6% in the 4th quarter. Proficio Capital Partners LLC now owns 12,069 shares of the company’s stock valued at $1,586,000 after purchasing an additional 308 shares during the last quarter. Finally, M&T Bank Corp grew its stake in shares of Airbnb by 12.9% in the 4th quarter. M&T Bank Corp now owns 17,045 shares of the company’s stock valued at $2,240,000 after buying an additional 1,948 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Trading Down 0.3 %

NASDAQ ABNB opened at $134.39 on Friday. The firm’s fifty day moving average price is $136.92 and its 200 day moving average price is $132.44. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market capitalization of $84.74 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, sell-side analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Bank of America lifted their price target 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. Barclays lifted their target price on Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a research report on Friday, February 14th. Morgan Stanley increased their price target on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Susquehanna boosted their price objective on shares of Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a report on Tuesday, February 18th. Finally, Canaccord Genuity Group increased their target price on shares of Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Five research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Airbnb presently has a consensus rating of “Hold” and an average target price of $146.48.

Insiders Place Their Bets

In other news, CAO David C. Bernstein sold 1,000 shares of the 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 represents a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian Chesky sold 38,461 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $137.49, for a total value of $5,288,002.89. Following the completion of the transaction, the chief executive officer now owns 12,577,839 shares in the company, valued at $1,729,327,084.11. This trade represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,093,970 shares of company stock valued at $296,365,992. Insiders own 27.83% of the company’s stock.

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.