Bradley Foster & Sargent Inc. CT Decreases Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Bradley Foster & Sargent Inc. CT reduced its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 7.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 14,038 shares of the company’s stock after selling 1,169 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Airbnb were worth $1,845,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Verde Capital Management raised its position in Airbnb by 25.3% during the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after purchasing an additional 4,269 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Airbnb during the third quarter valued at approximately $34,982,000. Tri Ri Asset Management Corp purchased a new position in shares of Airbnb during the third quarter valued at approximately $6,352,000. J.W. Cole Advisors Inc. raised its holdings in shares of Airbnb by 86.5% during the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock valued at $583,000 after acquiring an additional 2,132 shares in the last quarter. Finally, Baltimore Washington Financial Advisors Inc. lifted its stake in Airbnb by 14.8% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock worth $6,498,000 after acquiring an additional 6,357 shares during the period. 80.76% of the stock is owned by institutional investors.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $146.07 on Friday. 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 firm has a market cap of $92.60 billion, a price-to-earnings ratio of 35.37, a price-to-earnings-growth ratio of 3.81 and a beta of 1.12. The business has a 50-day simple moving average of $135.45 and a two-hundred day simple moving average of $130.96. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. The Goldman Sachs Group raised shares of Airbnb from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $110.00 to $153.00 in a research report on Friday, February 14th. Bank of America boosted 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. Robert W. Baird upgraded shares of Airbnb from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $140.00 to $175.00 in a report on Friday, February 14th. Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Finally, Baird R W raised Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Five analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $147.00.

Insider Buying and Selling at Airbnb

In related news, CEO Brian Chesky sold 76,923 shares of Airbnb stock in a transaction on Monday, November 25th. The stock was sold at an average price of $139.94, for a total value of $10,764,604.62. Following the completion of the sale, the chief executive officer now owns 12,616,300 shares of the company’s stock, valued at $1,765,525,022. The trade was a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nathan Blecharczyk sold 183,078 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $158.00, for a total value of $28,926,324.00. Following the sale, the insider now owns 164,850 shares of the company’s stock, valued at approximately $26,046,300. This trade represents a 52.62 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,950,540 shares of company stock worth $275,598,944. 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.