Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. increased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,779 shares of the company’s stock after acquiring an additional 93 shares during the period. Baird Financial Group Inc.’s holdings in Airbnb were worth $1,811,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in Airbnb during the fourth quarter worth about $25,000. Berbice Capital Management LLC acquired a new position in Airbnb during the fourth quarter worth about $26,000. Graney & King LLC purchased a new position in Airbnb in the 4th quarter worth about $32,000. Whipplewood Advisors LLC purchased a new position in Airbnb in the 4th quarter worth about $44,000. Finally, Cromwell Holdings LLC increased its stake in Airbnb by 82.5% in the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after purchasing an additional 170 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. UBS Group dropped their price target on Airbnb from $160.00 to $138.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Phillip Securities cut Airbnb from a “hold” rating to a “moderate sell” rating in a research note on Friday. Robert W. Baird dropped their price target on Airbnb from $175.00 to $160.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 25th. Cantor Fitzgerald dropped their price target on Airbnb from $101.00 to $100.00 and set an “underweight” rating on the stock in a research note on Friday, May 2nd. Finally, Wedbush cut Airbnb from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $150.00 to $135.00 in a research note on Friday, May 2nd. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $141.43.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $161.05, for a total transaction of $112,735.00. Following the completion of the transaction, the chief technology officer now directly owns 180,514 shares in the company, valued at $29,071,779.70. This represents a 0.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian Chesky sold 230,772 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the transaction, the chief executive officer now owns 12,000,913 shares of the company’s stock, valued at approximately $1,934,067,139.08. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,173,970 shares of company stock worth $293,686,892. 27.91% of the stock is owned by insiders.

Airbnb Price Performance

Shares of Airbnb stock opened at $134.21 on Tuesday. The firm has a fifty day simple moving average of $121.36 and a 200-day simple moving average of $131.16. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93. The stock has a market capitalization of $84.62 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Airbnb’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

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.