Cambridge Trust Co. Has $112,000 Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Cambridge Trust Co. lifted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 10.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 825 shares of the company’s stock after buying an additional 75 shares during the quarter. Cambridge Trust Co.’s holdings in Airbnb were worth $112,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ABNB. CVA Family Office LLC acquired a new position in shares of Airbnb during the 4th quarter worth approximately $26,000. Orion Capital Management LLC bought a new stake in shares of Airbnb during the 3rd quarter valued at $27,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Airbnb during the 4th quarter worth $30,000. Farmers & Merchants Investments Inc. acquired a new position in Airbnb in the third quarter valued at about $39,000. Finally, Financial Management Professionals Inc. lifted its position in Airbnb by 518.4% during the fourth quarter. Financial Management Professionals Inc. now owns 303 shares of the company’s stock worth $41,000 after purchasing an additional 254 shares during the period. Institutional investors own 80.76% of the company’s stock.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 78,682 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total value of $13,320,862.60. Following the completion of the sale, the chief technology officer now directly owns 144,331 shares of the company’s stock, valued at approximately $24,435,238.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Brian Chesky sold 76,912 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $147.79, for a total transaction of $11,366,824.48. Following the transaction, the chief executive officer now directly owns 14,545,529 shares in the company, valued at $2,149,683,730.91. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 78,682 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the completion of the sale, the chief technology officer now directly owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The disclosure for this sale can be found here. Insiders have sold 475,414 shares of company stock worth $75,187,257 over the last 90 days. 30.84% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Benchmark initiated coverage on shares of Airbnb in a research report on Thursday, April 11th. They issued a “buy” rating and a $190.00 target price for the company. Wells Fargo & Company upped their price objective on shares of Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a research report on Monday, April 1st. Bank of America increased their price objective on shares of Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Mizuho upped their price target on shares of Airbnb from $130.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, January 17th. Finally, B. Riley Financial initiated coverage on Airbnb in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 target price for the company. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and a consensus price target of $147.58.

Airbnb Stock Down 3.2 %

Shares of NASDAQ ABNB opened at $155.01 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66. The company has a 50-day moving average price of $159.55 and a 200-day moving average price of $142.22. The stock has a market capitalization of $100.30 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.03 and a beta of 1.25. Airbnb, Inc. has a 1 year low of $103.55 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.09. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. On average, equities research analysts forecast that Airbnb, Inc. will post 4.63 EPS for the current fiscal year.

About Airbnb

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.