Airbnb, Inc. (NASDAQ:ABNB) Holdings Lifted by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH increased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 773,944 shares of the company’s stock after acquiring an additional 33,413 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.12% of Airbnb worth $101,704,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Atomi Financial Group Inc. grew its stake in shares of Airbnb by 1.9% in the 4th quarter. Atomi Financial Group Inc. now owns 5,774 shares of the company’s stock worth $759,000 after purchasing an additional 109 shares during the last quarter. Perpetual Ltd lifted its stake in Airbnb by 23.6% during the fourth quarter. Perpetual Ltd now owns 13,747 shares of the company’s stock valued at $1,806,000 after purchasing an additional 2,625 shares during the last quarter. Ballentine Partners LLC bought a new stake in Airbnb during the fourth quarter worth approximately $221,000. MassMutual Private Wealth & Trust FSB grew its position in Airbnb by 36.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 886 shares of the company’s stock worth $116,000 after buying an additional 237 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Airbnb by 90.0% in the fourth quarter. UMB Bank n.a. now owns 935 shares of the company’s stock valued at $123,000 after buying an additional 443 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on ABNB. Susquehanna raised their price objective on Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research note on Monday, November 11th. Wells Fargo & Company decreased their price target on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Benchmark reissued a “buy” rating and issued a $155.00 price target on shares of Airbnb in a research note on Friday, November 8th. Barclays upped their price objective on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Finally, JMP Securities reissued a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $139.63.

Airbnb Price Performance

NASDAQ ABNB opened at $133.07 on Wednesday. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The stock’s 50-day moving average is $134.11 and its two-hundred day moving average is $131.68. The firm has a market cap of $84.36 billion, a P/E ratio of 46.69, a price-to-earnings-growth ratio of 1.83 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the business posted $2.39 earnings per share. On average, analysts anticipate that Airbnb, Inc. will post 3.98 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $128.95, for a total transaction of $27,632,050.75. Following the completion of the sale, the director now owns 1,071,430 shares in the company, valued at $138,160,898.50. This represents a 16.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $129.82, for a total value of $90,874.00. Following the completion of the transaction, the chief technology officer now directly owns 184,014 shares in the company, valued at approximately $23,888,697.48. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,130,382 shares of company stock valued at $150,441,919 over the last 90 days. 27.83% of the stock is currently owned by company insiders.

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.