Airbnb, Inc. $ABNB Shares Bought by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors Inc. OH increased its stake in Airbnb, Inc. by 3.6%, owning approximately 930,050 shares valued at around $123.1 million after acquiring 32,108 additional shares in the 2nd quarter.
• Airbnb's stock has received mixed ratings from analysts, with two "Strong Buy" ratings, eleven "Buy" ratings, and a majority holding a "Hold" rating, leading to an average price target of $141.46.
• Insiders have sold 1,437,726 shares of Airbnb stock in the last 90 days, representing significant sales activity with notable transactions by directors Joseph Gebbia and Nathan Blecharczyk.

Fort Washington Investment Advisors Inc. OH raised its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 3.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 930,050 shares of the company's stock after purchasing an additional 32,108 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.15% of Airbnb worth $123,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Avior Wealth Management LLC raised its position in Airbnb by 25.5% in the 2nd quarter. Avior Wealth Management LLC now owns 2,395 shares of the company's stock valued at $317,000 after purchasing an additional 486 shares in the last quarter. Sage Rhino Capital LLC increased its holdings in shares of Airbnb by 1.9% in the 2nd quarter. Sage Rhino Capital LLC now owns 9,924 shares of the company's stock valued at $1,313,000 after acquiring an additional 185 shares during the last quarter. ORG Wealth Partners LLC increased its holdings in shares of Airbnb by 11.3% in the 2nd quarter. ORG Wealth Partners LLC now owns 4,003 shares of the company's stock valued at $542,000 after acquiring an additional 408 shares during the last quarter. Patton Fund Management Inc. purchased a new position in shares of Airbnb in the 2nd quarter valued at about $238,000. Finally, Patron Partners LLC increased its holdings in shares of Airbnb by 6.3% in the 2nd quarter. Patron Partners LLC now owns 2,288 shares of the company's stock valued at $303,000 after acquiring an additional 136 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ABNB shares. Zacks Research upgraded Airbnb to a "hold" rating in a report on Tuesday, August 12th. Morgan Stanley dropped their price objective on Airbnb from $130.00 to $120.00 and set an "underweight" rating on the stock in a report on Thursday, August 7th. Barclays set a $105.00 price objective on Airbnb and gave the company an "underweight" rating in a report on Thursday, August 7th. Truist Financial dropped their price target on Airbnb from $106.00 to $104.00 and set a "sell" rating on the stock in a research note on Wednesday, September 3rd. Finally, Jefferies Financial Group dropped their price target on Airbnb from $165.00 to $160.00 and set a "buy" rating on the stock in a research note on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eighteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $141.46.

Insider Transactions at Airbnb

In related news, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $120.76, for a total value of $28,499,360.00. Following the sale, the director directly owned 1,176,015 shares in the company, valued at $142,015,571.40. The trade was a 16.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nathan Blecharczyk sold 2,246 shares of Airbnb stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $125.20, for a total value of $281,199.20. Following the completion of the sale, the insider owned 182,514 shares in the company, valued at approximately $22,850,752.80. This trade represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,437,726 shares of company stock valued at $186,661,639. 27.91% of the stock is owned by company insiders.

Airbnb Trading Up 1.6%

Shares of ABNB stock opened at $123.70 on Friday. The business's 50 day moving average is $127.69 and its two-hundred day moving average is $127.66. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The company has a market capitalization of $76.87 billion, a P/E ratio of 29.95, a price-to-earnings-growth ratio of 2.26 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.11. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the business earned $0.86 earnings per share. The company's revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, equities analysts predict that Airbnb, Inc. will post 4.31 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.

Want to see what other hedge funds are holding ABNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Airbnb, Inc. (NASDAQ:ABNB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.