Baltimore Washington Financial Advisors Inc. Has $5.46 Million Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Baltimore Washington Financial Advisors Inc. grew its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 9.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 43,090 shares of the company’s stock after purchasing an additional 3,600 shares during the quarter. Baltimore Washington Financial Advisors Inc.’s holdings in Airbnb were worth $5,464,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Transcendent Capital Group LLC bought a new position in shares of Airbnb during the first quarter worth approximately $25,000. New Millennium Group LLC bought a new position in shares of Airbnb during the second quarter worth approximately $28,000. Pathway Financial Advisers LLC bought a new position in shares of Airbnb during the first quarter worth approximately $33,000. Cultivar Capital Inc. bought a new position in shares of Airbnb during the second quarter worth approximately $30,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Airbnb during the third quarter worth approximately $25,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $137.34 on Friday. The firm has a market cap of $87.07 billion, a PE ratio of 48.19, a price-to-earnings-growth ratio of 1.89 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The firm’s fifty day moving average is $132.73 and its 200-day moving average is $135.70.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the firm earned $2.39 EPS. Sell-side analysts predict that Airbnb, Inc. will post 4.02 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ABNB shares. Susquehanna lifted their price objective on shares of Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a research note on Monday, November 11th. Mizuho decreased their price objective on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, September 13th. Bank of America reissued a “hold” rating and issued a $142.00 price objective (up from $132.00) on shares of Airbnb in a research note on Friday, October 11th. The Goldman Sachs Group decreased their price objective on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a research note on Thursday, August 8th. Finally, Barclays lifted their price objective on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $138.97.

Insider Buying and Selling at Airbnb

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

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.