Fort Washington Investment Advisors Inc. OH Has $107.27 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Fort Washington Investment Advisors Inc. OH lifted its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 16.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 897,942 shares of the company's stock after acquiring an additional 123,998 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.14% of Airbnb worth $107,268,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ABNB. Golden State Wealth Management LLC purchased a new position in shares of Airbnb in the fourth quarter valued at $25,000. Park Square Financial Group LLC purchased a new position in shares of Airbnb in the fourth quarter valued at $26,000. Orion Capital Management LLC purchased a new position in shares of Airbnb in the fourth quarter valued at $28,000. Graney & King LLC purchased a new position in shares of Airbnb in the fourth quarter valued at $32,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of Airbnb in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $126.00, for a total value of $88,200.00. Following the completion of the transaction, the chief technology officer now directly owns 171,419 shares in the company, valued at $21,598,794. This trade represents a 0.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Brian Chesky sold 38,461 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $126.60, for a total transaction of $4,869,162.60. Following the completion of the transaction, the chief executive officer now owns 11,770,144 shares of the company's stock, valued at approximately $1,490,100,230.40. The trade was a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,663,033 shares of company stock valued at $208,384,185 in the last quarter. Insiders own 27.91% of the company's stock.

Wall Street Analysts Forecast Growth

ABNB has been the subject of several analyst reports. Canaccord Genuity Group decreased their target price on shares of Airbnb from $190.00 to $180.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Tigress Financial increased their price objective on shares of Airbnb from $195.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, March 14th. Morgan Stanley increased their price objective on shares of Airbnb from $125.00 to $130.00 and gave the company an "underweight" rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. reduced their price objective on shares of Airbnb from $160.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, Robert W. Baird reduced their price objective on shares of Airbnb from $175.00 to $160.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $141.23.

Airbnb Stock Performance

Shares of ABNB stock traded down $3.27 during trading hours on Friday, reaching $135.54. The stock had a trading volume of 5,090,904 shares, compared to its average volume of 5,026,253. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The firm has a 50-day simple moving average of $126.31 and a 200-day simple moving average of $130.68. The firm has a market capitalization of $84.90 billion, a PE ratio of 32.82, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The business's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 EPS. As a group, equities analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

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.