Baltimore Washington Financial Advisors Inc. Grows Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Baltimore Washington Financial Advisors Inc. lifted its position in Airbnb, Inc. (NASDAQ:ABNB) by 14.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 49,447 shares of the company’s stock after buying an additional 6,357 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in Airbnb were worth $6,498,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ABNB. Fourpath Capital Management LLC boosted its stake in Airbnb by 38.6% in the fourth quarter. Fourpath Capital Management LLC now owns 2,540 shares of the company’s stock valued at $334,000 after acquiring an additional 708 shares in the last quarter. Optas LLC purchased a new stake in shares of Airbnb during the 4th quarter valued at $286,000. Western Pacific Wealth Management LP acquired a new stake in shares of Airbnb in the 4th quarter worth $133,000. U.S. Capital Wealth Advisors LLC grew its stake in Airbnb by 385.9% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 9,271 shares of the company’s stock worth $1,218,000 after buying an additional 7,363 shares during the last quarter. Finally, Richardson Financial Services Inc. increased its position in Airbnb by 79.7% during the 4th quarter. Richardson Financial Services Inc. now owns 1,130 shares of the company’s stock valued at $149,000 after buying an additional 501 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $129.78 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a fifty day moving average of $133.47 and a 200 day moving average of $130.39. The firm has a market cap of $82.28 billion, a PE ratio of 45.54, a PEG ratio of 1.72 and a beta of 1.13. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the prior year, the firm earned $2.39 EPS. As a group, research analysts predict that Airbnb, Inc. will post 3.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ABNB. JMP Securities reissued a “market perform” rating on shares of Airbnb in a report on Monday, December 16th. Wedbush boosted their target price on shares of Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Phillip Securities reaffirmed a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a report on Tuesday, November 12th. Benchmark reissued a “buy” rating and set a $155.00 price objective on shares of Airbnb in a report on Friday, November 8th. Finally, Truist Financial reduced their target price on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research note on Wednesday, December 4th. Six analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $139.63.

Insiders Place Their Bets

In related news, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total transaction of $89,705.00. Following the completion of the sale, the chief technology officer now owns 182,614 shares of the company’s stock, valued at approximately $23,401,984.10. This represents a 0.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the completion of the sale, the director now owns 10,321 shares of the company’s stock, valued at approximately $1,352,876.68. The trade was a 95.40 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,372,293 shares of company stock worth $181,759,318. Corporate insiders own 27.83% of the company’s stock.

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.