Field & Main Bank Sells 90 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Field & Main Bank decreased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,010 shares of the company’s stock after selling 90 shares during the quarter. Field & Main Bank’s holdings in Airbnb were worth $410,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ABNB. CVA Family Office LLC bought a new stake in shares of Airbnb during the fourth quarter worth $26,000. Orion Capital Management LLC bought a new position in Airbnb in the 3rd quarter worth about $27,000. Bfsg LLC bought a new position in Airbnb in the 4th quarter worth about $27,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Airbnb during the fourth quarter worth approximately $30,000. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of Airbnb during the third quarter valued at approximately $39,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ABNB shares. Bank of America lifted their target price on Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. Wells Fargo & Company increased their target price on shares of Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a report on Monday, April 1st. Mizuho upgraded shares of Airbnb from a “neutral” rating to a “buy” rating and boosted their price target for the company from $150.00 to $200.00 in a report on Wednesday, April 24th. Wedbush reiterated a “neutral” rating and set a $160.00 price objective on shares of Airbnb in a research note on Thursday, April 18th. Finally, Tigress Financial boosted their price objective on shares of Airbnb from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $149.19.

Insider Activity at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $163.00, for a total value of $97,800.00. Following the transaction, the chief technology officer now directly owns 144,931 shares of the company’s stock, valued at approximately $23,623,753. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Airbnb news, insider Nathan Blecharczyk sold 60,000 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $146.58, for a total value of $8,794,800.00. Following the transaction, the insider now directly owns 473,762 shares in the company, valued at approximately $69,444,033.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $163.00, for a total transaction of $97,800.00. Following the sale, the chief technology officer now owns 144,931 shares of the company’s stock, valued at approximately $23,623,753. The disclosure for this sale can be found here. In the last quarter, insiders sold 456,274 shares of company stock valued at $72,410,859. Corporate insiders own 27.83% of the company’s stock.

Airbnb Price Performance

Shares of NASDAQ ABNB traded down $1.98 during trading on Monday, hitting $162.25. The company had a trading volume of 2,309,459 shares, compared to its average volume of 4,495,748. Airbnb, Inc. has a fifty-two week low of $103.55 and a fifty-two week high of $170.10. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $160.63 and a two-hundred day simple moving average of $143.86. The firm has a market capitalization of $104.99 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. On average, research analysts expect that Airbnb, Inc. will post 4.47 earnings per share for the current year.

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.