Keybank National Association OH Has $4.70 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Keybank National Association OH lowered its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 0.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 35,762 shares of the company’s stock after selling 206 shares during the period. Keybank National Association OH’s holdings in Airbnb were worth $4,699,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Pacer Advisors Inc. lifted its stake in shares of Airbnb by 6,085.6% during the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after acquiring an additional 4,172,985 shares during the period. Meritage Group LP acquired a new position in shares of Airbnb during the third quarter valued at $160,985,000. Principal Financial Group Inc. lifted its stake in shares of Airbnb by 174.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock valued at $245,268,000 after acquiring an additional 1,185,892 shares during the period. Edgewood Management LLC lifted its stake in shares of Airbnb by 9.2% during the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after acquiring an additional 1,143,464 shares during the period. Finally, Temasek Holdings Private Ltd lifted its stake in shares of Airbnb by 91.3% during the third quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock valued at $294,726,000 after acquiring an additional 1,109,076 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Activity at Airbnb

In other news, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total value of $89,705.00. Following the completion of the sale, the chief technology officer now directly owns 182,614 shares of the company’s stock, valued at $23,401,984.10. This trade represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO David C. Bernstein sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $137.00, for a total value of $137,000.00. Following the completion of the sale, the chief accounting officer now directly owns 40,581 shares of the company’s stock, valued at approximately $5,559,597. The trade was a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,087,020 shares of company stock valued at $295,392,297. Insiders own 27.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wells Fargo & Company cut their price target on Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. TD Cowen increased their target price on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, November 8th. JMP Securities reissued a “market perform” rating on shares of Airbnb in a research note on Friday, February 14th. Evercore ISI increased their target price on Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. Finally, Robert W. Baird raised Airbnb from a “neutral” rating to an “outperform” rating and increased their target price for the company from $140.00 to $175.00 in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $146.48.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $142.58 on Thursday. The stock has a 50 day moving average price of $136.93 and a 200 day moving average price of $132.43. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market capitalization of $89.90 billion, a PE ratio of 34.52, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Analysts predict that Airbnb, Inc. will post 4.31 earnings per share 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.