Janney Montgomery Scott LLC Acquires 10,347 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Janney Montgomery Scott LLC grew its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 25.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,964 shares of the company’s stock after buying an additional 10,347 shares during the period. Janney Montgomery Scott LLC’s holdings in Airbnb were worth $6,697,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Pacer Advisors Inc. boosted its holdings in Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after purchasing an additional 4,172,985 shares during the period. Meritage Group LP purchased a new position in shares of Airbnb in the third quarter worth $160,985,000. Edgewood Management LLC grew its stake in shares of Airbnb by 9.2% in the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after purchasing an additional 1,143,464 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Airbnb by 19,430.3% in the third quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock worth $1,419,610,000 after acquiring an additional 1,113,747 shares during the period. Finally, Temasek Holdings Private Ltd grew its holdings in shares of Airbnb by 91.3% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock worth $294,726,000 after acquiring an additional 1,109,076 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 500 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $136.01, for a total value of $68,005.00. Following the completion of the transaction, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at approximately $25,218,158.14. This represents a 0.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO David C. Bernstein sold 1,000 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $137.00, for a total transaction of $137,000.00. Following the completion of the sale, the chief accounting officer now owns 40,581 shares of the company’s stock, valued at approximately $5,559,597. The trade was a 2.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,157,308 shares of company stock valued at $153,981,848 in the last quarter. 27.83% of the stock is currently owned by company insiders.

Airbnb Stock Performance

Shares of ABNB opened at $131.05 on Wednesday. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The stock has a fifty day moving average price of $133.90 and a 200-day moving average price of $130.87. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The firm has a market cap of $83.08 billion, a PE ratio of 45.98, a P/E/G ratio of 1.80 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the firm posted $2.39 EPS. Equities research analysts predict that Airbnb, Inc. will post 3.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of analyst reports. Phillip Securities reissued a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a research report on Tuesday, November 12th. Evercore ISI upped their price objective on Airbnb to $155.00 and gave the stock a “hold” rating in a research note on Wednesday, January 15th. UBS Group upped their target price on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Morgan Stanley increased their price objective on shares of Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Finally, Robert W. Baird upped their target price on shares of Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $139.63.

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.