Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 29.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 794 shares of the company’s stock after acquiring an additional 182 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Airbnb were worth $131,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. CVA Family Office LLC purchased a new position in shares of Airbnb in the 4th quarter valued at about $26,000. Orion Capital Management LLC purchased a new position in shares of Airbnb in the 3rd quarter valued at about $27,000. Bfsg LLC purchased a new position in shares of Airbnb in the 4th quarter valued at about $27,000. Trust Co. of Vermont purchased a new position in shares of Airbnb in the 4th quarter valued at about $27,000. Finally, Vima LLC purchased a new stake in Airbnb during the fourth quarter worth approximately $29,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Airbnb news, CAO David C. Bernstein sold 2,000 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $145.50, for a total transaction of $291,000.00. Following the sale, the chief accounting officer now directly owns 45,043 shares in the company, valued at $6,553,756.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CTO Aristotle N. Balogh sold 22,170 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $169.18, for a total value of $3,750,720.60. Following the sale, the chief technology officer now directly owns 143,731 shares in the company, valued at $24,316,410.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO David C. Bernstein sold 2,000 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $145.50, for a total value of $291,000.00. Following the completion of the sale, the chief accounting officer now owns 45,043 shares in the company, valued at $6,553,756.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 311,930 shares of company stock worth $46,446,212. 27.83% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ABNB. Tigress Financial boosted their target price on Airbnb from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. JPMorgan Chase & Co. boosted their target price on Airbnb from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Thursday, May 9th. Piper Sandler restated a “neutral” rating and set a $155.00 target price (up previously from $145.00) on shares of Airbnb in a research note on Thursday, May 9th. B. Riley Financial assumed coverage on Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price target on the stock. Finally, Bank of America lifted their price target on Airbnb from $155.00 to $168.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $152.38.

Airbnb Trading Up 1.1 %

Shares of ABNB stock opened at $149.57 on Friday. The business’s fifty day moving average price is $151.09 and its 200 day moving average price is $150.49. Airbnb, Inc. has a 1-year low of $113.24 and a 1-year high of $170.10. The firm has a market capitalization of $96.33 billion, a PE ratio of 20.02, a P/E/G ratio of 1.82 and a beta of 1.18. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.18. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.06 billion. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. Airbnb’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 earnings per share. As a group, sell-side analysts forecast that Airbnb, Inc. will post 4.66 EPS for the current fiscal year.

Airbnb 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.