First Horizon Advisors Inc. Acquires 89 Shares of Airbnb, Inc. (NASDAQ:ABNB)

First Horizon Advisors Inc. increased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 29.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 392 shares of the company’s stock after purchasing an additional 89 shares during the quarter. First Horizon Advisors Inc.’s holdings in Airbnb were worth $53,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. CVA Family Office LLC acquired a new stake in shares of Airbnb during the fourth quarter worth $26,000. Orion Capital Management LLC bought a new position in Airbnb during the 3rd quarter worth approximately $27,000. Bfsg LLC acquired a new position in Airbnb during the fourth quarter valued at approximately $27,000. McGlone Suttner Wealth Management Inc. bought a new stake in Airbnb in the fourth quarter valued at approximately $30,000. Finally, Financial Management Professionals Inc. raised its holdings in Airbnb by 518.4% in the fourth quarter. Financial Management Professionals Inc. now owns 303 shares of the company’s stock worth $41,000 after purchasing an additional 254 shares during the period. 80.76% of the stock is owned by institutional investors.

Airbnb Trading Down 1.4 %

Shares of Airbnb stock opened at $159.81 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a 50-day moving average of $161.44 and a 200-day moving average of $145.11. Airbnb, Inc. has a 52-week low of $103.55 and a 52-week high of $170.10. The stock has a market cap of $103.41 billion, a PE ratio of 22.07, a PEG ratio of 2.12 and a beta of 1.24.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. As a group, sell-side analysts forecast that Airbnb, Inc. will post 4.47 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research report on Thursday, April 11th. Susquehanna lifted their price objective on Airbnb from $160.00 to $180.00 and gave the company a “positive” rating in a report on Wednesday, February 14th. Truist Financial increased their price objective on shares of Airbnb from $118.00 to $131.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. Wells Fargo & Company increased their target price on Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a report on Monday, April 1st. Finally, BMO Capital Markets upped their price objective on Airbnb from $134.00 to $135.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Airbnb has a consensus rating of “Hold” and a consensus target price of $149.19.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $161.02, for a total value of $96,612.00. Following the completion of the transaction, the chief technology officer now owns 220,504 shares of the company’s stock, valued at $35,505,554.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $161.02, for a total value of $96,612.00. Following the transaction, the chief technology officer now directly owns 220,504 shares of the company’s stock, valued at $35,505,554.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 78,682 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total value of $13,320,862.60. Following the sale, the chief technology officer now owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The disclosure for this sale can be found here. In the last three months, insiders sold 396,874 shares of company stock worth $63,712,671. 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.