Field & Main Bank Sells 1,519 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Field & Main Bank trimmed its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 56.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,150 shares of the company’s stock after selling 1,519 shares during the quarter. Field & Main Bank’s holdings in Airbnb were worth $146,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new stake in shares of Airbnb during the 1st quarter valued at $25,000. New Millennium Group LLC bought a new stake in shares of Airbnb during the 2nd quarter valued at $28,000. Heritage Wealth Advisors increased its stake in Airbnb by 55.0% in the 1st quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock worth $33,000 after acquiring an additional 71 shares during the last quarter. Pathway Financial Advisers LLC bought a new position in Airbnb in the 1st quarter worth about $33,000. Finally, Cultivar Capital Inc. bought a new position in Airbnb in the 2nd quarter worth about $30,000. 80.76% of the stock is currently owned by institutional investors.

Airbnb Stock Performance

ABNB stock opened at $134.61 on Friday. The company has a market cap of $86.37 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 1.99 and a beta of 1.15. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41. The stock’s fifty day moving average price is $129.14 and its 200-day moving average price is $137.56.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Raymond James assumed coverage on Airbnb in a research note on Friday, September 27th. They issued a “market perform” rating and a $134.00 target price on the stock. Robert W. Baird upped their price objective on Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday. Truist Financial cut their price objective on Airbnb from $134.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. JPMorgan Chase & Co. upped their price objective on Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday. Finally, BMO Capital Markets cut their price objective on Airbnb from $151.00 to $130.00 and set a “market perform” rating for the company in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $139.26.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $135.33, for a total value of $81,198.00. Following the transaction, the chief technology officer now directly owns 192,244 shares in the company, valued at $26,016,380.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $135.33, for a total transaction of $81,198.00. Following the transaction, the chief technology officer now directly owns 192,244 shares in the company, valued at approximately $26,016,380.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Gebbia sold 42,719 shares of Airbnb stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total value of $5,403,099.12. Following the transaction, the director now owns 16,472 shares in the company, valued at $2,083,378.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 417,806 shares of company stock worth $51,809,831 in the last ninety days. Insiders own 27.83% of the company’s stock.

Airbnb 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.