Northern Trust Corp Has $564.65 Million Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Northern Trust Corp increased its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,296,835 shares of the company's stock after acquiring an additional 331,607 shares during the period. Northern Trust Corp owned approximately 0.68% of Airbnb worth $564,647,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Verde Capital Management increased its position in Airbnb by 25.3% in the 4th quarter. Verde Capital Management now owns 21,118 shares of the company's stock valued at $2,775,000 after acquiring an additional 4,269 shares during the period. Tri Ri Asset Management Corp bought a new position in shares of Airbnb in the third quarter worth $6,352,000. Baltimore Washington Financial Advisors Inc. increased its holdings in shares of Airbnb by 14.8% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company's stock valued at $6,498,000 after purchasing an additional 6,357 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Airbnb by 40.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company's stock worth $90,123,000 after purchasing an additional 197,558 shares during the period. Finally, Sarasin & Partners LLP bought a new position in Airbnb in the 4th quarter valued at about $2,272,000. 80.76% of the stock is currently owned by institutional investors.

Airbnb Stock Up 1.0 %

Shares of NASDAQ:ABNB traded up $1.25 during midday trading on Friday, hitting $125.26. 11,298,716 shares of the stock were exchanged, compared to its average volume of 4,892,736. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The business's fifty day simple moving average is $123.16 and its two-hundred day simple moving average is $131.55. The company has a market capitalization of $78.98 billion, a PE ratio of 30.33, a P/E/G ratio of 3.52 and a beta of 1.14.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Robert W. Baird reduced their price target on shares of Airbnb from $175.00 to $160.00 and set an "outperform" rating for the company in a research note on Tuesday, March 25th. Evercore ISI decreased their price target on Airbnb from $165.00 to $145.00 and set an "in-line" rating for the company in a research note on Friday. Piper Sandler dropped their price objective on Airbnb from $145.00 to $132.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Gordon Haskett raised Airbnb from a "sell" rating to a "hold" rating and set a $143.00 target price for the company in a research note on Friday, February 14th. Finally, Royal Bank of Canada dropped their price target on shares of Airbnb from $160.00 to $140.00 and set a "sector perform" rating on the stock in a research report on Friday. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $143.97.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $129.58, for a total value of $90,706.00. Following the transaction, the chief technology officer now directly owns 181,914 shares of the company's stock, valued at approximately $23,572,416.12. This trade represents a 0.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian Chesky sold 230,772 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the completion of the sale, the chief executive officer now owns 12,000,913 shares of the company's stock, valued at approximately $1,934,067,139.08. This trade represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,998,846 shares of company stock valued at $272,488,196. Insiders own 27.83% of the company's stock.

About Airbnb

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.