Fort Washington Investment Advisors Inc. OH Has $101.70 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Fort Washington Investment Advisors Inc. OH lifted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 773,944 shares of the company’s stock after buying an additional 33,413 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Airbnb were worth $101,704,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ABNB. Northwest Investment Counselors LLC bought a new position in shares of Airbnb during the 3rd quarter worth about $25,000. Hollencrest Capital Management raised its position in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Airbnb during the third quarter worth about $30,000. Quarry LP acquired a new stake in Airbnb during the third quarter valued at approximately $55,000. Finally, CVA Family Office LLC grew its stake in shares of Airbnb by 131.2% in the 3rd quarter. CVA Family Office LLC now owns 474 shares of the company’s stock valued at $60,000 after purchasing an additional 269 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ABNB. Raymond James began coverage on Airbnb in a research note on Friday, September 27th. They issued a “market perform” rating and a $134.00 price target on the stock. Morgan Stanley upped their target price on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Citigroup lifted their price target on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a report on Monday, November 11th. Robert W. Baird upped their price objective on shares of Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, UBS Group lifted their target price on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Six investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $139.63.

Insider Buying and Selling at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $129.82, for a total value of $90,874.00. Following the sale, the chief technology officer now directly owns 184,014 shares of the company’s stock, valued at approximately $23,888,697.48. The trade was a 0.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 76,923 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the completion of the transaction, the chief executive officer now directly owns 12,616,300 shares of the company’s stock, valued at approximately $1,765,525,022. The trade was a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,130,382 shares of company stock valued at $150,441,919. Company insiders own 27.83% of the company’s stock.

Airbnb Stock Down 1.5 %

Shares of NASDAQ ABNB opened at $133.07 on Wednesday. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. 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 stock has a market cap of $84.36 billion, a P/E ratio of 46.69, a P/E/G ratio of 1.83 and a beta of 1.13. The firm has a 50 day moving average price of $134.11 and a 200 day moving average price of $131.68.

Airbnb (NASDAQ:ABNB) last announced its quarterly 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). The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period last year, the firm earned $2.39 EPS. Analysts expect that Airbnb, Inc. will post 3.98 EPS for the current 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.