Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Baltimore Washington Financial Advisors Inc.

Baltimore Washington Financial Advisors Inc. boosted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 14.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 49,447 shares of the company’s stock after buying an additional 6,357 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in Airbnb were worth $6,498,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC purchased a new stake in shares of Airbnb during the third quarter worth $25,000. Berbice Capital Management LLC acquired a new position in Airbnb during the 4th quarter worth $26,000. Hollencrest Capital Management increased its holdings in 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 purchasing an additional 200 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Airbnb in the 3rd quarter valued at about $30,000. Finally, Quarry LP purchased a new position in shares of Airbnb in the 3rd quarter valued at about $55,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Stock Down 1.1 %

ABNB opened at $129.78 on Tuesday. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The business has a 50 day moving average price of $133.47 and a two-hundred day moving average price of $130.39. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a market cap of $82.28 billion, a PE ratio of 45.54, a P/E/G ratio of 1.72 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter last year, the company earned $2.39 EPS. As a group, research analysts anticipate that Airbnb, Inc. will post 3.98 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on ABNB. Evercore ISI upped their target price on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a research note on Wednesday, January 15th. Wells Fargo & Company dropped their price objective on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. TD Cowen lifted their price objective on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Robert W. Baird boosted their target price on shares of Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Bank of America raised their price target on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Six analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $139.63.

Insider Transactions at Airbnb

In related news, insider Nathan Blecharczyk sold 9,603 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the transaction, the insider now owns 164,850 shares of the company’s stock, valued at $21,466,767. This represents a 5.50 % 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, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $129.21, for a total value of $27,687,764.85. Following the completion of the sale, the director now directly owns 857,145 shares of the company’s stock, valued at approximately $110,751,705.45. This trade represents a 20.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,372,293 shares of company stock worth $181,759,318. Company insiders own 27.83% of the company’s stock.

Airbnb Company 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.