Huntington National Bank Buys 324 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Huntington National Bank grew its stake in Airbnb, Inc. (NASDAQ:ABNB) by 13.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,719 shares of the company’s stock after acquiring an additional 324 shares during the period. Huntington National Bank’s holdings in Airbnb were worth $357,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Benjamin Edwards Inc. bought a new position in shares of Airbnb during the third quarter worth $711,000. Hilltop Holdings Inc. bought a new position in Airbnb during the third quarter worth about $344,000. Janus Henderson Group PLC grew its stake in Airbnb by 4.0% in the third quarter. Janus Henderson Group PLC now owns 54,131 shares of the company’s stock valued at $6,866,000 after acquiring an additional 2,100 shares during the period. Royal London Asset Management Ltd. increased its holdings in shares of Airbnb by 5.4% in the third quarter. Royal London Asset Management Ltd. now owns 246,140 shares of the company’s stock worth $31,213,000 after acquiring an additional 12,556 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Airbnb during the third quarter worth about $55,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on ABNB shares. DA Davidson increased their target price on Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Benchmark increased their price objective on shares of Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Wells Fargo & Company dropped their price objective on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Hsbc Global Res raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research note on Friday, February 14th. Five analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $147.28.

Airbnb Stock Down 6.4 %

Shares of ABNB opened at $106.66 on Friday. The firm has a market cap of $67.25 billion, a P/E ratio of 25.83, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. Airbnb, Inc. has a 52 week low of $104.73 and a 52 week high of $166.74. The firm’s 50-day simple moving average is $133.75 and its 200 day simple moving average is $133.58.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $135.94, for a total value of $29,129,902.90. Following the completion of the sale, the director now directly owns 1,285,715 shares in the company, valued at approximately $174,780,097.10. The trade was a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian Chesky sold 38,459 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $120.44, for a total value of $4,632,001.96. Following the completion of the sale, the chief executive officer now owns 11,731,685 shares of the company’s stock, valued at approximately $1,412,964,141.40. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,290,053 shares of company stock valued at $319,656,539. 27.83% of the stock is currently owned by corporate 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.