Welch & Forbes LLC Has $468,000 Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Welch & Forbes LLC boosted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,440 shares of the company’s stock after acquiring an additional 100 shares during the period. Welch & Forbes LLC’s holdings in Airbnb were worth $468,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ABNB. Mount Vernon Associates Inc. MD raised its stake in shares of Airbnb by 1.0% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,270 shares of the company’s stock valued at $990,000 after buying an additional 75 shares during the period. Cambridge Trust Co. lifted its stake in Airbnb by 10.0% in the fourth quarter. Cambridge Trust Co. now owns 825 shares of the company’s stock worth $112,000 after purchasing an additional 75 shares during the last quarter. Waldron Private Wealth LLC boosted its holdings in Airbnb by 0.5% during the 4th quarter. Waldron Private Wealth LLC now owns 16,171 shares of the company’s stock valued at $2,201,000 after acquiring an additional 78 shares during the period. Venturi Wealth Management LLC increased its stake in shares of Airbnb by 36.2% in the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the company’s stock worth $41,000 after buying an additional 80 shares during the period. Finally, Centurion Wealth Management LLC increased its holdings in Airbnb by 2.3% during the 4th quarter. Centurion Wealth Management LLC now owns 3,605 shares of the company’s stock valued at $491,000 after purchasing an additional 81 shares during the period. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Performance

NASDAQ ABNB traded down $1.62 on Wednesday, hitting $158.19. The stock had a trading volume of 1,724,953 shares, compared to its average volume of 4,394,102. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average is $161.59 and its two-hundred day moving average is $145.41. The stock has a market cap of $102.36 billion, a price-to-earnings ratio of 21.74, a P/E/G ratio of 2.12 and a beta of 1.24. Airbnb, Inc. has a one year low of $103.55 and a one year high of $170.10.

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

Insiders Place Their Bets

In related news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $163.00, for a total value of $97,800.00. Following the transaction, the chief technology officer now owns 144,931 shares in the company, valued at $23,623,753. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CTO Aristotle N. Balogh sold 78,682 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $169.30, for a total value of $13,320,862.60. Following the completion of the transaction, the chief technology officer now owns 144,331 shares in the company, valued at approximately $24,435,238.30. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $163.00, for a total value of $97,800.00. Following the completion of the sale, the chief technology officer now directly owns 144,931 shares in the company, valued at approximately $23,623,753. The disclosure for this sale can be found here. In the last ninety days, insiders sold 396,874 shares of company stock worth $63,712,671. 27.83% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ABNB shares. Piper Sandler boosted their price objective on shares of Airbnb from $136.00 to $145.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. JPMorgan Chase & Co. lifted their price objective on shares of Airbnb from $118.00 to $140.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. UBS Group cut their price objective on shares of Airbnb from $148.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. B. Riley Financial began coverage on shares of Airbnb in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price target on the stock. Finally, Barclays raised their price target on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Monday, January 29th. Four investment 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $149.19.

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.