Field & Main Bank Decreases Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Field & Main Bank reduced its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.9% during the fourth quarter, HoldingsChannel reports. The firm owned 3,010 shares of the company’s stock after selling 90 shares during the quarter. Field & Main Bank’s holdings in Airbnb were worth $410,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CVA Family Office LLC purchased a new position in Airbnb in the fourth quarter valued at about $26,000. Orion Capital Management LLC purchased a new position in shares of Airbnb during the 3rd quarter valued at approximately $27,000. Bfsg LLC acquired a new stake in shares of Airbnb during the fourth quarter worth approximately $27,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Airbnb in the fourth quarter worth $30,000. Finally, Farmers & Merchants Investments Inc. acquired a new stake in Airbnb in the third quarter valued at $39,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $163.00, for a total value of $97,800.00. Following the transaction, the chief technology officer now directly owns 144,931 shares in the company, valued at approximately $23,623,753. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CTO Aristotle N. Balogh sold 22,170 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $169.18, for a total value of $3,750,720.60. Following the completion of the sale, the chief technology officer now owns 143,731 shares in the company, valued at approximately $24,316,410.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $163.00, for a total transaction of $97,800.00. Following the transaction, the chief technology officer now owns 144,931 shares in the company, valued at $23,623,753. The disclosure for this sale can be found here. In the last 90 days, insiders sold 456,274 shares of company stock worth $72,410,859. Insiders own 27.83% of the company’s stock.

Airbnb Price Performance

ABNB stock traded down $1.98 during trading hours on Monday, hitting $162.25. 2,309,459 shares of the stock traded hands, compared to its average volume of 4,495,748. The stock has a 50-day simple moving average of $160.63 and a 200 day simple moving average of $143.86. The company has a market cap of $104.99 billion, a P/E ratio of 22.41, a P/E/G ratio of 2.18 and a beta of 1.25. Airbnb, Inc. has a one year low of $103.55 and a one year high of $170.10. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. Equities analysts forecast that Airbnb, Inc. will post 4.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ABNB shares. DA Davidson reissued a “neutral” rating and issued a $145.00 target price on shares of Airbnb in a research report on Friday, March 15th. Truist Financial upped their price objective on Airbnb from $118.00 to $131.00 and gave the company a “hold” rating in a research note on Thursday, March 14th. Wedbush reiterated a “neutral” rating and issued a $160.00 price target on shares of Airbnb in a report on Thursday, April 18th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research note on Thursday, April 11th. Finally, Bank of America raised their price target on shares of Airbnb from $155.00 to $168.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $149.19.

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.