Baird Financial Group Inc. Has $1.07 Million Stock Holdings in Airbnb, Inc. $ABNB

Baird Financial Group Inc. trimmed its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 34.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,967 shares of the company's stock after selling 4,812 shares during the quarter. Baird Financial Group Inc.'s holdings in Airbnb were worth $1,071,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new stake in Airbnb during the fourth quarter worth about $26,000. Orion Capital Management LLC acquired a new stake in Airbnb in the fourth quarter worth $28,000. Stonebridge Financial Group LLC raised its holdings in Airbnb by 75.7% in the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock worth $29,000 after purchasing an additional 106 shares during the period. Bartlett & CO. Wealth Management LLC raised its holdings in Airbnb by 209.6% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock worth $31,000 after purchasing an additional 174 shares during the period. Finally, SouthState Corp raised its holdings in Airbnb by 216.1% in the first quarter. SouthState Corp now owns 294 shares of the company's stock worth $35,000 after purchasing an additional 201 shares during the period. 80.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on ABNB. UBS Group lowered their price objective on shares of Airbnb from $156.00 to $148.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Jefferies Financial Group decreased their price objective on shares of Airbnb from $165.00 to $160.00 and set a "buy" rating for the company in a research report on Monday, August 11th. BTIG Research reissued a "neutral" rating on shares of Airbnb in a research report on Wednesday, May 28th. Truist Financial cut their target price on shares of Airbnb from $106.00 to $104.00 and set a "sell" rating for the company in a research note on Wednesday, September 3rd. Finally, Zacks Research upgraded shares of Airbnb to a "hold" rating in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nineteen have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $141.68.

Insider Activity

In related news, insider Nathan Blecharczyk sold 2,246 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $125.20, for a total transaction of $281,199.20. Following the completion of the transaction, the insider directly owned 182,514 shares in the company, valued at $22,850,752.80. This represents a 1.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO David C. Bernstein sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $142.00, for a total transaction of $710,000.00. Following the transaction, the chief accounting officer owned 42,619 shares of the company's stock, valued at approximately $6,051,898. This represents a 10.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,438,326 shares of company stock valued at $188,798,155 over the last quarter. 27.91% of the stock is owned by corporate insiders.

Airbnb Stock Down 0.4%

Shares of NASDAQ:ABNB traded down $0.50 during midday trading on Friday, hitting $122.55. The stock had a trading volume of 5,262,734 shares, compared to its average volume of 4,107,296. The company's 50-day moving average price is $130.46 and its 200-day moving average price is $128.50. The company has a market capitalization of $76.16 billion, a P/E ratio of 29.67, a price-to-earnings-growth ratio of 2.25 and a beta of 1.13. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93.

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