Fifth Third Wealth Advisors LLC Raises Stake in Airbnb, Inc. (NASDAQ:ABNB)

Fifth Third Wealth Advisors LLC lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 22.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,894 shares of the company’s stock after acquiring an additional 881 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Airbnb were worth $643,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new stake in Airbnb during the third quarter worth about $25,000. Hollencrest Capital Management increased 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 worth $26,000 after buying an additional 200 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Airbnb during the 3rd quarter valued at approximately $30,000. Quarry LP acquired a new position in Airbnb in the third quarter valued at approximately $55,000. Finally, CVA Family Office LLC grew its position in Airbnb by 131.2% in the third quarter. CVA Family Office LLC now owns 474 shares of the company’s stock worth $60,000 after acquiring an additional 269 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the topic of several recent analyst reports. Robert W. Baird upped their price target on Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Jefferies Financial Group upped their target price on shares of Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Morgan Stanley lifted their price target on shares of Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research report on Monday. Raymond James began coverage on shares of Airbnb in a report on Friday, September 27th. They issued a “market perform” rating and a $134.00 price objective on the stock. Finally, JMP Securities reiterated a “market perform” rating on shares of Airbnb in a report on Monday, December 16th. Six equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $139.63.

Insider Buying and Selling

In other news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $135.33, for a total transaction of $81,198.00. Following the sale, the chief technology officer now owns 192,244 shares in the company, valued at approximately $26,016,380.52. The trade was a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $128.95, for a total value of $27,632,050.75. Following the completion of the sale, the director now directly owns 1,071,430 shares of the company’s stock, valued at approximately $138,160,898.50. This trade represents a 16.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,130,982 shares of company stock worth $150,523,585 in the last ninety days. 27.83% of the stock is owned by corporate insiders.

Airbnb Trading Down 0.3 %

ABNB opened at $132.16 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The company has a market cap of $83.79 billion, a P/E ratio of 46.37, a PEG ratio of 1.63 and a beta of 1.13. The business’s 50-day simple moving average is $134.45 and its 200-day simple moving average is $132.22.

Airbnb (NASDAQ:ABNB) last released 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). The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the previous year, the business posted $2.39 EPS. As a group, equities research analysts expect that Airbnb, Inc. will post 3.99 EPS for the current fiscal year.

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.