Mather Group LLC. Takes Position in Airbnb, Inc. (NASDAQ:ABNB)

Mather Group LLC. acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,619 shares of the company’s stock, valued at approximately $220,000.

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

Analyst Ratings Changes

A number of analysts have weighed in on the company. Mizuho upgraded Airbnb from a “neutral” rating to a “buy” rating and increased their price target for the stock from $150.00 to $200.00 in a report on Wednesday, April 24th. Benchmark assumed coverage on Airbnb in a report on Thursday, April 11th. They issued a “buy” rating and a $190.00 target price for the company. Wedbush restated a “neutral” rating and set a $160.00 price target on shares of Airbnb in a report on Thursday, April 18th. Piper Sandler raised their price objective on shares of Airbnb from $136.00 to $145.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Finally, Bank of America boosted their target price on shares of Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $149.19.

Airbnb Stock Up 0.9 %

ABNB stock opened at $159.71 on Friday. 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 company has a market capitalization of $103.34 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 2.07 and a beta of 1.24. Airbnb, Inc. has a fifty-two week low of $103.55 and a fifty-two week high of $170.10. The stock has a fifty day moving average of $161.04 and a 200-day moving average of $144.28.

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

Insider Activity at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 78,682 shares of the company’s stock in a transaction dated 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 transaction, the chief technology officer now directly owns 144,331 shares in the company, valued at approximately $24,435,238.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Brian Chesky sold 76,912 shares of Airbnb stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $147.79, for a total transaction of $11,366,824.48. Following the completion of the sale, the chief executive officer now directly owns 14,545,529 shares of the company’s stock, valued at approximately $2,149,683,730.91. The transaction 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 stock in a transaction dated 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 transaction, the chief technology officer now owns 144,331 shares in the company, valued at $24,435,238.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 396,874 shares of company stock valued at $63,712,671. Company insiders own 27.83% of the company’s stock.

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.