Baltimore Washington Financial Advisors Inc. Purchases 3,600 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Baltimore Washington Financial Advisors Inc. boosted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 9.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,090 shares of the company’s stock after acquiring an additional 3,600 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in Airbnb were worth $5,464,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ABNB. Transcendent Capital Group LLC bought a new stake in shares of Airbnb in the 1st quarter valued at approximately $25,000. New Millennium Group LLC bought a new stake in shares of Airbnb in the 2nd quarter valued at approximately $28,000. Pathway Financial Advisers LLC bought a new stake in shares of Airbnb in the 1st quarter valued at approximately $33,000. Cultivar Capital Inc. bought a new stake in shares of Airbnb in the 2nd quarter valued at approximately $30,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Airbnb in the 3rd quarter valued at approximately $25,000. 80.76% of the stock is currently owned by institutional investors.

Airbnb Price Performance

ABNB stock opened at $137.34 on Friday. The stock has a 50-day moving average price of $132.73 and a two-hundred day moving average price of $135.70. The stock has a market cap of $87.07 billion, a PE ratio of 48.19, a price-to-earnings-growth ratio of 1.89 and a beta of 1.15. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate 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 company posted $2.39 EPS. Equities analysts forecast that Airbnb, Inc. will post 4.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ABNB has been the topic of several recent analyst reports. Piper Sandler boosted their target price on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Cantor Fitzgerald reissued an “underweight” rating and issued a $94.00 target price on shares of Airbnb in a report on Monday, October 7th. UBS Group boosted their target price on Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Mizuho reduced their price objective on Airbnb from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, September 13th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a report on Wednesday, August 7th. Six research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $138.97.

Insider Transactions at Airbnb

In related news, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total value of $28,088,477.80. Following the completion of the sale, the director now directly owns 10,321 shares in the company, valued at approximately $1,352,876.68. This trade represents a 95.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Nathan Blecharczyk sold 9,603 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the sale, the insider now owns 164,850 shares of the company’s stock, valued at $21,466,767. This trade represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 641,094 shares of company stock worth $81,077,447 in the last three months. 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.