Dana Investment Advisors Inc. Acquires 592 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Dana Investment Advisors Inc. increased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,877 shares of the company’s stock after purchasing an additional 592 shares during the period. Dana Investment Advisors Inc.’s holdings in Airbnb were worth $904,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ABNB. Principal Financial Group Inc. lifted its holdings in shares of Airbnb by 17.9% during the 3rd quarter. Principal Financial Group Inc. now owns 680,539 shares of the company’s stock valued at $86,299,000 after purchasing an additional 103,087 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Airbnb during the 3rd quarter valued at about $123,000. Hollencrest Capital Management lifted its holdings in shares of Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Markel Group Inc. bought a new position in shares of Airbnb during the 3rd quarter valued at about $2,428,000. Finally, Verdence Capital Advisors LLC lifted its holdings in shares of Airbnb by 11.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 5,781 shares of the company’s stock valued at $733,000 after purchasing an additional 617 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ABNB. UBS Group lifted their target price on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Baird R W raised Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Robert W. Baird raised Airbnb from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $140.00 to $175.00 in a research report on Friday, February 14th. Susquehanna lifted their target price on Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley lifted their target price on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research report on Monday, January 13th. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $146.48.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $134.39 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The stock’s fifty day moving average price is $136.94 and its two-hundred day moving average price is $132.66. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The firm has a market cap of $84.74 billion, a price-to-earnings ratio of 32.54, a P/E/G ratio of 3.52 and a beta of 1.10.

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

Insider Transactions at Airbnb

In other news, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $140.10, for a total transaction of $875,625.00. Following the sale, the chief financial officer now directly owns 449,463 shares of the company’s stock, valued at approximately $62,969,766.30. This represents a 1.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 20,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $131.87, for a total value of $2,637,400.00. Following the sale, the chief technology officer now directly owns 185,414 shares in the company, valued at approximately $24,450,544.18. This trade represents a 9.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,093,970 shares of company stock valued at $296,365,992. 27.83% of the stock is owned by corporate insiders.

About Airbnb

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.