Cumberland Partners Ltd Buys 1,000 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Cumberland Partners Ltd increased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,040 shares of the company’s stock after buying an additional 1,000 shares during the quarter. Cumberland Partners Ltd’s holdings in Airbnb were worth $3,137,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mount Vernon Associates Inc. MD raised its position in Airbnb by 1.0% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,270 shares of the company’s stock valued at $990,000 after purchasing an additional 75 shares in the last quarter. Cambridge Trust Co. raised its holdings in shares of Airbnb by 10.0% during the 4th quarter. Cambridge Trust Co. now owns 825 shares of the company’s stock worth $112,000 after buying an additional 75 shares in the last quarter. Waldron Private Wealth LLC lifted its position in shares of Airbnb by 0.5% during the 4th quarter. Waldron Private Wealth LLC now owns 16,171 shares of the company’s stock worth $2,201,000 after buying an additional 78 shares during the last quarter. Venturi Wealth Management LLC grew its position in Airbnb by 36.2% in the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the company’s stock valued at $41,000 after acquiring an additional 80 shares during the last quarter. Finally, Centurion Wealth Management LLC grew its holdings in shares of Airbnb by 2.3% during the 4th quarter. Centurion Wealth Management LLC now owns 3,605 shares of the company’s stock valued at $491,000 after purchasing an additional 81 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ABNB. Susquehanna boosted their target price on shares of Airbnb from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Wednesday, February 14th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research report on Thursday, April 11th. Barclays boosted their price target on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Monday, January 29th. B. Riley started coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 target price on the stock. Finally, Bank of America upped their price target on shares of Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. Four equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $147.58.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $155.83, for a total value of $93,498.00. Following the completion of the transaction, the chief technology officer now directly owns 221,704 shares in the company, valued at $34,548,134.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $155.83, for a total value of $93,498.00. Following the completion of the sale, the chief technology officer now owns 221,704 shares in the company, valued at $34,548,134.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 22,170 shares of Airbnb stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $169.18, for a total value of $3,750,720.60. Following the sale, the chief technology officer now directly owns 143,731 shares in the company, valued at $24,316,410.58. The disclosure for this sale can be found here. Insiders sold 463,674 shares of company stock valued at $73,516,515 over the last three months. Company insiders own 30.84% of the company’s stock.

Airbnb Stock Up 2.8 %

ABNB stock traded up $4.34 during midday trading on Tuesday, reaching $160.95. 3,434,315 shares of the company’s stock traded hands, compared to its average volume of 4,580,027. Airbnb, Inc. has a 52 week low of $103.55 and a 52 week high of $170.10. The company has a market cap of $104.15 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 1.99 and a beta of 1.25. The firm’s fifty day moving average price is $159.80 and its 200-day moving average price is $142.89. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.16 billion. As a group, sell-side analysts forecast that Airbnb, Inc. will post 4.63 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.