Huntington National Bank Has $357,000 Position in Airbnb, Inc. (NASDAQ:ABNB)

Huntington National Bank grew its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 13.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,719 shares of the company’s stock after acquiring an additional 324 shares during the period. Huntington National Bank’s holdings in Airbnb were worth $357,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Golden State Wealth Management LLC bought a new stake in Airbnb in the fourth quarter worth $25,000. Berbice Capital Management LLC acquired a new stake in shares of Airbnb in the fourth quarter worth about $26,000. Graney & King LLC acquired a new stake in shares of Airbnb in the fourth quarter worth about $32,000. Whipplewood Advisors LLC acquired a new position in shares of Airbnb during the 4th quarter valued at about $44,000. Finally, Cromwell Holdings LLC increased its holdings in shares of Airbnb by 82.5% during the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after acquiring an additional 170 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Down 6.4 %

Shares of NASDAQ:ABNB opened at $106.66 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a market cap of $67.25 billion, a P/E ratio of 25.83, a P/E/G ratio of 3.52 and a beta of 1.15. Airbnb, Inc. has a 12 month low of $104.73 and a 12 month high of $166.74. The company’s 50-day moving average price is $133.75 and its two-hundred day moving average price is $133.58.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Activity

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $137.00, for a total transaction of $856,250.00. Following the transaction, the chief financial officer now directly owns 491,238 shares in the company, valued at approximately $67,299,606. This represents a 1.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 38,459 shares of Airbnb stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $120.44, for a total transaction of $4,632,001.96. Following the sale, the chief executive officer now owns 11,731,685 shares of the company’s stock, valued at approximately $1,412,964,141.40. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,290,053 shares of company stock valued at $319,656,539. Company insiders own 27.83% of the company’s stock.

Wall Street Analysts Forecast Growth

ABNB has been the subject of several recent analyst reports. Truist Financial decreased their price objective on shares of Airbnb from $123.00 to $112.00 and set a “hold” rating for the company in a report on Friday, March 21st. Gordon Haskett raised Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price target on the stock in a research report on Friday, February 14th. Benchmark boosted their price objective on Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. DA Davidson raised their target price on Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Finally, Evercore ISI upped their price target on Airbnb to $155.00 and gave the stock a “hold” rating in a report on Wednesday, January 15th. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $147.28.

Airbnb 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.