Huntington National Bank Trims Stake in Airbnb, Inc. (NASDAQ:ABNB)

Huntington National Bank trimmed its position in Airbnb, Inc. (NASDAQ:ABNB) by 7.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,395 shares of the company’s stock after selling 185 shares during the quarter. Huntington National Bank’s holdings in Airbnb were worth $304,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in Airbnb by 158.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock valued at $958,279,000 after buying an additional 3,558,178 shares during the period. Legal & General Group Plc raised its position in shares of Airbnb by 4.7% in the 2nd quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock worth $519,044,000 after acquiring an additional 153,784 shares in the last quarter. Clearbridge Investments LLC boosted its position in Airbnb by 0.6% during the first quarter. Clearbridge Investments LLC now owns 2,001,711 shares of the company’s stock valued at $330,202,000 after purchasing an additional 12,200 shares in the last quarter. Farallon Capital Management LLC boosted its position in Airbnb by 5.8% during the second quarter. Farallon Capital Management LLC now owns 1,701,000 shares of the company’s stock valued at $257,923,000 after purchasing an additional 92,780 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Airbnb by 19,052.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company’s stock worth $256,784,000 after purchasing an additional 1,684,646 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In related news, CFO Elinor Mertz sold 6,250 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $750,000.00. Following the completion of the sale, the chief financial officer now directly owns 537,072 shares in the company, valued at approximately $64,448,640. This trade represents a 1.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Gebbia sold 11,635 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the completion of the transaction, the director now owns 16,472 shares in the company, valued at $2,259,958.40. The trade was a 41.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 417,806 shares of company stock valued at $51,809,831 over the last 90 days. 27.83% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ABNB has been the subject of several recent analyst reports. Citigroup boosted their price objective on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. BMO Capital Markets cut their price target on shares of Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. Jefferies Financial Group boosted their price objective on shares of Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price objective on Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Wells Fargo & Company lifted their target price on Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a report on Tuesday, October 8th. Six analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $139.31.

Airbnb Stock Down 1.5 %

ABNB stock opened at $132.50 on Friday. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The firm has a 50-day simple moving average of $130.99 and a 200-day simple moving average of $136.58. The stock has a market capitalization of $85.01 billion, a P/E ratio of 46.49, a P/E/G ratio of 1.87 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last announced 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). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the company earned $2.39 EPS. Equities analysts forecast that Airbnb, Inc. will post 4.04 earnings per share for the current fiscal year.

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.