First Horizon Advisors Inc. Acquires 94 Shares of Airbnb, Inc. (NASDAQ:ABNB)

First Horizon Advisors Inc. grew its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 19.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 580 shares of the company’s stock after purchasing an additional 94 shares during the period. First Horizon Advisors Inc.’s holdings in Airbnb were worth $74,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its position in Airbnb by 11.5% during the third quarter. Advisors Asset Management Inc. now owns 14,368 shares of the company’s stock valued at $1,822,000 after purchasing an additional 1,479 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Airbnb in the third quarter worth about $34,982,000. Commerce Bank increased its stake in Airbnb by 14.2% in the 3rd quarter. Commerce Bank now owns 21,338 shares of the company’s stock worth $2,706,000 after buying an additional 2,658 shares during the period. Prospera Private Wealth LLC lifted its holdings in Airbnb by 30.9% during the 3rd quarter. Prospera Private Wealth LLC now owns 1,832 shares of the company’s stock valued at $232,000 after buying an additional 432 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its position in Airbnb by 20.3% in the 3rd quarter. Avior Wealth Management LLC now owns 1,032 shares of the company’s stock valued at $131,000 after buying an additional 174 shares during the period. Institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on ABNB. Bank of America reaffirmed a “hold” rating and set a $142.00 target price (up from $132.00) on shares of Airbnb in a research report on Friday, October 11th. TD Cowen increased their price target on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Piper Sandler raised their price target on Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Susquehanna upped their price objective on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research note on Monday, November 11th. Finally, Argus lowered shares of Airbnb from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Six analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $138.97.

Airbnb Stock Performance

NASDAQ ABNB opened at $137.34 on Monday. The stock has a fifty day simple moving average of $132.73 and a 200-day simple moving average of $135.54. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The stock has a market cap of $87.07 billion, a PE ratio of 48.19, a P/E/G ratio of 1.89 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the firm posted $2.39 earnings per share. Equities analysts anticipate that Airbnb, Inc. will post 4.02 earnings per share for the current year.

Insider Activity at Airbnb

In related news, insider Nathan Blecharczyk sold 9,603 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the transaction, the insider now directly owns 164,850 shares in the company, valued at approximately $21,466,767. This represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Brian Chesky sold 230,769 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the transaction, the chief executive officer now directly owns 13,315,912 shares in the company, valued at approximately $1,597,909,440. This represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 641,094 shares of company stock valued at $81,077,447 in the last ninety days. Corporate insiders own 27.83% of the company’s stock.

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.