M&T Bank Corp Acquires 1,948 Shares of Airbnb, Inc. (NASDAQ:ABNB)

M&T Bank Corp raised its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 12.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,045 shares of the company’s stock after buying an additional 1,948 shares during the period. M&T Bank Corp’s holdings in Airbnb were worth $2,240,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ABNB. Atria Investments Inc grew its position in shares of Airbnb by 19.9% in the fourth quarter. Atria Investments Inc now owns 47,532 shares of the company’s stock valued at $6,246,000 after purchasing an additional 7,894 shares during the last quarter. Assetmark Inc. grew its position in shares of Airbnb by 7.4% in the fourth quarter. Assetmark Inc. now owns 53,691 shares of the company’s stock valued at $7,056,000 after purchasing an additional 3,697 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Airbnb by 9.4% in the fourth quarter. Victory Capital Management Inc. now owns 783,253 shares of the company’s stock valued at $102,927,000 after purchasing an additional 67,023 shares during the last quarter. Ring Mountain Capital LLC acquired a new position in shares of Airbnb in the fourth quarter valued at approximately $741,000. Finally, Commerzbank Aktiengesellschaft FI grew its position in shares of Airbnb by 2.3% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 4,285 shares of the company’s stock valued at $565,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Down 0.3 %

Shares of ABNB opened at $134.39 on Monday. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The stock has a market capitalization of $84.74 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 3.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a fifty day moving average of $136.94 and a 200-day moving average of $132.76.

Airbnb (NASDAQ:ABNB) last announced its earnings results 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%. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total transaction of $89,705.00. Following the completion of the transaction, the chief technology officer now directly owns 182,614 shares of the company’s stock, valued at $23,401,984.10. This trade represents a 0.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $131.88, for a total value of $28,259,905.80. Following the sale, the director now owns 1,285,715 shares of the company’s stock, valued at approximately $169,560,094.20. The trade was a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,054,509 shares of company stock valued at $290,940,989 in the last three months. Insiders own 27.83% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on ABNB. Wedbush reaffirmed an “outperform” rating and issued a $155.00 target price on shares of Airbnb in a research report on Tuesday, February 4th. DA Davidson upped their target price on Airbnb from $131.00 to $170.00 and gave the company a “neutral” 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 research report on Monday, January 13th. Benchmark increased their price target on Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Citigroup increased their price target on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Five analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $146.48.

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.