Ethic Inc. Purchases 1,779 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Ethic Inc. lifted its position in Airbnb, Inc. (NASDAQ:ABNB) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,407 shares of the company’s stock after acquiring an additional 1,779 shares during the quarter. Ethic Inc.’s holdings in Airbnb were worth $5,441,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ABNB. Verde Capital Management boosted its position in shares of Airbnb by 25.3% during the fourth quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after buying an additional 4,269 shares during the period. Baltimore Washington Financial Advisors Inc. boosted its holdings in Airbnb by 14.8% during the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock valued at $6,498,000 after acquiring an additional 6,357 shares during the period. Assenagon Asset Management S.A. grew its position in Airbnb by 40.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock valued at $90,123,000 after acquiring an additional 197,558 shares during the last quarter. Sarasin & Partners LLP purchased a new stake in Airbnb in the fourth quarter worth $2,272,000. Finally, RFG Advisory LLC lifted its position in shares of Airbnb by 47.2% during the fourth quarter. RFG Advisory LLC now owns 6,617 shares of the company’s stock worth $870,000 after purchasing an additional 2,123 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Elinor Mertz sold 6,250 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $123.43, for a total transaction of $771,437.50. Following the completion of the transaction, the chief financial officer now directly owns 485,080 shares in the company, valued at $59,873,424.40. The trade was a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $122.84, for a total transaction of $26,322,769.40. Following the completion of the sale, the director now directly owns 1,866,300 shares in the company, valued at approximately $229,256,292. The trade was a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,173,970 shares of company stock valued at $293,686,892 over the last quarter. 27.91% of the stock is currently owned by company insiders.

Airbnb Trading Up 0.5 %

NASDAQ ABNB opened at $127.06 on Friday. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The company has a fifty day simple moving average of $121.52 and a two-hundred day simple moving average of $131.18. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market cap of $80.12 billion, a P/E ratio of 30.77, a P/E/G ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last issued 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 return on equity of 32.29% and a net margin of 23.85%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business earned $0.41 EPS. On average, analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ABNB shares. Gordon Haskett raised shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price target on the stock in a research note on Friday, February 14th. DA Davidson raised shares of Airbnb from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $170.00 to $155.00 in a research report on Wednesday, April 30th. B. Riley dropped their price objective on Airbnb from $145.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, May 2nd. Phillip Securities raised Airbnb from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, April 23rd. Finally, Cantor Fitzgerald cut their price target on Airbnb from $101.00 to $100.00 and set an “underweight” rating on the stock in a research note on Friday, May 2nd. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and a consensus target price of $141.43.

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.