Fifth Third Wealth Advisors LLC Purchases 345 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Fifth Third Wealth Advisors LLC boosted its position in Airbnb, Inc. (NASDAQ:ABNB) by 9.4% during the 3rd quarter, Holdings Channel reports. The fund owned 4,013 shares of the company’s stock after buying an additional 345 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Airbnb were worth $509,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new position in shares of Airbnb in the first quarter valued at approximately $25,000. New Millennium Group LLC bought a new stake in Airbnb during the second quarter worth $28,000. Pathway Financial Advisers LLC bought a new stake in Airbnb during the first quarter worth $33,000. Cultivar Capital Inc. bought a new stake in Airbnb during the second quarter worth $30,000. Finally, Northwest Investment Counselors LLC bought a new stake in Airbnb during the third quarter worth $25,000. Institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

NASDAQ:ABNB opened at $135.25 on Thursday. 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 business’s 50-day simple moving average is $132.02 and its two-hundred day simple moving average is $136.05. The stock has a market cap of $85.74 billion, a PE ratio of 47.46, a P/E/G ratio of 1.87 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last issued 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 return on equity of 32.88% and a net margin of 16.96%. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the firm posted $2.39 earnings per share. As a group, analysts forecast that Airbnb, Inc. will post 4.04 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on ABNB. Robert W. Baird lifted their price target on Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Argus downgraded Airbnb from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Jefferies Financial Group raised their target price on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Truist Financial decreased their target price on Airbnb from $134.00 to $124.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Finally, Sanford C. Bernstein decreased their target price on Airbnb from $174.00 to $155.00 and set an “outperform” rating for the company in a research report on Tuesday, September 17th. Six analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $138.97.

Insiders Place Their Bets

In other Airbnb news, 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 transaction 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $72,000.00. Following the transaction, the chief technology officer now owns 195,844 shares of the company’s stock, valued at $23,501,280. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 417,206 shares of company stock valued at $51,738,467 over the last ninety days. 27.83% of the stock is owned by insiders.

Airbnb 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.