Cerity Partners LLC Buys 12,008 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Cerity Partners LLC raised its stake in Airbnb, Inc. (NASDAQ:ABNB) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,572 shares of the company’s stock after acquiring an additional 12,008 shares during the quarter. Cerity Partners LLC’s holdings in Airbnb were worth $13,011,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Airbnb by 43.0% in the 3rd quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock valued at $4,697,896,000 after buying an additional 10,301,746 shares during the last quarter. Geode Capital Management LLC raised its holdings in Airbnb by 3.1% in the 1st quarter. Geode Capital Management LLC now owns 4,464,099 shares of the company’s stock valued at $555,202,000 after buying an additional 132,429 shares during the last quarter. Northern Trust Corp raised its holdings in Airbnb by 41.3% in the 3rd quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock valued at $598,745,000 after buying an additional 1,276,456 shares during the last quarter. Norges Bank bought a new position in Airbnb in the 4th quarter valued at approximately $332,438,000. Finally, Legal & General Group Plc raised its holdings in Airbnb by 5.0% in the 3rd quarter. Legal & General Group Plc now owns 2,568,807 shares of the company’s stock valued at $352,466,000 after buying an additional 121,651 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Insiders Place Their Bets

In other news, insider Nathan Blecharczyk sold 40,000 shares of Airbnb stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $133.39, for a total transaction of $5,335,600.00. Following the sale, the insider now directly owns 553,762 shares in the company, valued at approximately $73,866,313.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Nathan Blecharczyk sold 40,000 shares of Airbnb stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $133.39, for a total transaction of $5,335,600.00. Following the sale, the insider now directly owns 553,762 shares in the company, valued at approximately $73,866,313.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $161.55, for a total value of $96,930.00. Following the sale, the chief technology officer now owns 222,304 shares in the company, valued at $35,913,211.20. The disclosure for this sale can be found here. Insiders have sold 615,367 shares of company stock valued at $94,049,172 in the last three months. 30.84% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Truist Financial raised their price objective on shares of Airbnb from $118.00 to $131.00 and gave the company a “hold” rating in a report on Thursday, March 14th. B. Riley assumed coverage on shares of Airbnb in a report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price target for the company. B. Riley Financial assumed coverage on shares of Airbnb in a report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price target for the company. Susquehanna raised their price target on shares of Airbnb from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Wednesday, February 14th. Finally, Benchmark assumed coverage on shares of Airbnb in a report on Thursday. They set a “buy” rating and a $190.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $147.58.

Airbnb Price Performance

ABNB opened at $159.37 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66. The company has a market capitalization of $103.12 billion, a price-to-earnings ratio of 22.01, a P/E/G ratio of 2.04 and a beta of 1.25. The firm’s fifty day moving average price is $158.53 and its two-hundred day moving average price is $141.58. Airbnb, Inc. has a 1 year low of $103.55 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. As a group, analysts anticipate that Airbnb, Inc. will post 4.63 earnings per share for the current fiscal year.

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.