Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB boosted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 35.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,200 shares of the company’s stock after purchasing an additional 314 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Airbnb were worth $143,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ABNB. Fairtree Asset Management Pty Ltd acquired a new stake in shares of Airbnb during the 4th quarter valued at about $431,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Airbnb by 82.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 52,493 shares of the company’s stock valued at $6,898,000 after acquiring an additional 23,723 shares during the period. NorthCrest Asset Manangement LLC acquired a new stake in shares of Airbnb during the 4th quarter valued at about $304,000. Siemens Fonds Invest GmbH grew its position in shares of Airbnb by 133.1% during the 4th quarter. Siemens Fonds Invest GmbH now owns 54,362 shares of the company’s stock valued at $6,630,000 after acquiring an additional 31,037 shares during the period. Finally, Park Square Financial Group LLC acquired a new stake in shares of Airbnb during the 4th quarter valued at about $26,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ABNB shares. Tigress Financial raised their target price on Airbnb from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, March 14th. Evercore ISI lowered their price objective on Airbnb from $165.00 to $145.00 and set an “in-line” rating on the stock in a report on Friday, May 2nd. Royal Bank of Canada lowered their price objective on Airbnb from $160.00 to $140.00 and set a “sector perform” rating on the stock in a report on Friday, May 2nd. Cantor Fitzgerald reiterated an “underweight” rating and issued a $100.00 price objective on shares of Airbnb in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. lowered their price objective on Airbnb from $160.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average price target of $141.23.

Airbnb Stock Down 0.2%

Shares of NASDAQ ABNB opened at $128.13 on Monday. The firm has a market cap of $80.26 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 3.52 and a beta of 1.14. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The business’s 50 day moving average is $122.45 and its two-hundred day moving average is $130.64.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 EPS. Research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $140.10, for a total value of $98,070.00. Following the completion of the transaction, the chief technology officer now owns 172,819 shares in the company, valued at $24,211,941.90. The trade was a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Joseph Gebbia sold 2,509 shares of the business’s stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $128.70, for a total transaction of $322,908.30. Following the completion of the transaction, the director now owns 2,860 shares of the company’s stock, valued at approximately $368,082. This trade represents a 46.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,628,434 shares of company stock valued at $201,057,164 over the last quarter. 27.91% of the stock is owned by company insiders.

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.