Birch Hill Investment Advisors LLC Raises Stake in Airbnb, Inc. (NASDAQ:ABNB)

Birch Hill Investment Advisors LLC boosted its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 59.7% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 10,318 shares of the company's stock after buying an additional 3,858 shares during the period. Birch Hill Investment Advisors LLC's holdings in Airbnb were worth $1,233,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. 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 Airbnb in the 4th quarter valued at about $28,000. Graney & King LLC purchased a new stake in shares of Airbnb during the fourth quarter worth about $32,000. Whipplewood Advisors LLC acquired a new position in shares of Airbnb in the fourth quarter worth about $44,000. Finally, University of Texas Texas AM Investment Management Co. purchased a new position in Airbnb in the fourth quarter valued at about $49,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ABNB shares. Evercore ISI dropped their price target on shares of Airbnb from $165.00 to $145.00 and set an "in-line" rating for the company in a research note on Friday, May 2nd. Barclays lowered their price objective on Airbnb from $120.00 to $103.00 and set an "underweight" rating for the company in a report on Friday, May 2nd. Canaccord Genuity Group reduced their target price on Airbnb from $190.00 to $180.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Morgan Stanley boosted their price target on Airbnb from $125.00 to $130.00 and gave the company an "underweight" rating in a report on Thursday, April 17th. Finally, Robert W. Baird reduced their price objective on Airbnb from $175.00 to $160.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Airbnb currently has a consensus rating of "Hold" and a consensus target price of $141.23.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $129.55, for a total transaction of $90,685.00. Following the sale, the chief technology officer now directly owns 170,719 shares of the company's stock, valued at approximately $22,116,646.45. The trade was a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph Gebbia sold 214,285 shares of the business's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $129.38, for a total value of $27,724,193.30. Following the completion of the sale, the director now directly owns 2,509,155 shares in the company, valued at approximately $324,634,473.90. This represents a 7.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,624,472 shares of company stock valued at $203,509,100 in the last 90 days. 27.91% of the stock is currently owned by company insiders.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $137.21 on Tuesday. The stock has a market capitalization of $85.95 billion, a P/E ratio of 33.22, a P/E/G ratio of 3.52 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The business has a 50-day moving average of $126.94 and a two-hundred day moving average of $130.68. 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 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). Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. The company's revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. On average, equities research analysts predict 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.

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