First Horizon Advisors Inc. Grows Position in Airbnb, Inc. (NASDAQ:ABNB)

First Horizon Advisors Inc. raised its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 29.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 392 shares of the company’s stock after purchasing an additional 89 shares during the period. First Horizon Advisors Inc.’s holdings in Airbnb were worth $53,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ABNB. Raymond James Financial Services Advisors Inc. raised its position in shares of Airbnb by 3.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 95,106 shares of the company’s stock worth $13,049,000 after buying an additional 3,250 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Airbnb by 79.2% in the 3rd quarter. Mackenzie Financial Corp now owns 41,162 shares of the company’s stock valued at $5,258,000 after purchasing an additional 18,196 shares in the last quarter. Cambridge Trust Co. purchased a new stake in shares of Airbnb during the 3rd quarter worth about $103,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Airbnb by 38.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 443,326 shares of the company’s stock worth $60,829,000 after purchasing an additional 123,780 shares during the period. Finally, Chicago Partners Investment Group LLC increased its position in Airbnb by 5.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,823 shares of the company’s stock worth $250,000 after purchasing an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 78,682 shares of the firm’s stock in a transaction that occurred 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 sale, the chief technology officer now owns 144,331 shares in the company, valued at $24,435,238.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CTO Aristotle N. Balogh sold 78,682 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief technology officer now directly owns 144,331 shares of the company’s stock, valued at approximately $24,435,238.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s 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 completion of the sale, the chief technology officer now owns 220,504 shares in the company, valued at $35,505,554.08. The disclosure for this sale can be found here. Insiders sold 396,874 shares of company stock valued at $63,712,671 in the last ninety days. Company insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ABNB. Mizuho raised shares of Airbnb from a “neutral” rating to a “buy” rating and lifted their price target for the company from $150.00 to $200.00 in a research report on Wednesday, April 24th. Piper Sandler upped their price target 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. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research report on Thursday, April 11th. Susquehanna upped their target price on Airbnb from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Wednesday, February 14th. Finally, B. Riley Financial assumed coverage on Airbnb in a report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 target price on the stock. Four equities 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $149.19.

Airbnb Trading Down 1.4 %

Shares of NASDAQ ABNB opened at $159.81 on Wednesday. Airbnb, Inc. has a 12-month low of $103.55 and a 12-month high of $170.10. The company has a market cap of $103.41 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. The stock’s 50 day simple moving average is $161.44 and its 200 day simple moving average is $145.11.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 40.96% and a net margin of 48.32%. Equities research analysts expect that Airbnb, Inc. will post 4.47 EPS for the current year.

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.