MassMutual Private Wealth & Trust FSB Has $116,000 Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

MassMutual Private Wealth & Trust FSB increased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 36.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 886 shares of the company’s stock after buying an additional 237 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Airbnb were worth $116,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Salvus Wealth Management LLC lifted its holdings in shares of Airbnb by 2.5% during the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after purchasing an additional 84 shares in the last quarter. Koshinski Asset Management Inc. lifted its stake in Airbnb by 3.8% in the third quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $292,000 after buying an additional 85 shares in the last quarter. Lazari Capital Management Inc. boosted its holdings in shares of Airbnb by 3.6% in the second quarter. Lazari Capital Management Inc. now owns 2,517 shares of the company’s stock valued at $382,000 after buying an additional 88 shares during the period. First Horizon Advisors Inc. increased its position in shares of Airbnb by 19.3% during the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock worth $74,000 after acquiring an additional 94 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its holdings in shares of Airbnb by 2.7% during the third quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock worth $468,000 after acquiring an additional 97 shares during the period. 80.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ABNB shares. Piper Sandler increased their target price on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Wedbush boosted their target price on Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Jefferies Financial Group raised their price target on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. TD Cowen boosted their price objective on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Morgan Stanley lifted their price target on shares of Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Six investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $139.63.

Airbnb Stock Performance

NASDAQ:ABNB opened at $133.24 on Friday. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The stock’s 50-day simple moving average is $134.08 and its 200 day simple moving average is $131.56. The firm has a market capitalization of $84.47 billion, a PE ratio of 46.75, a price-to-earnings-growth ratio of 1.81 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter in the prior year, the company earned $2.39 earnings per share. On average, analysts anticipate that Airbnb, Inc. will post 3.98 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Nathan Blecharczyk sold 9,603 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the sale, the insider now directly owns 164,850 shares in the company, valued at $21,466,767. This represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 500 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $136.01, for a total value of $68,005.00. Following the completion of the sale, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at approximately $25,218,158.14. The trade was a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,169,543 shares of company stock worth $155,659,368 in the last 90 days. Insiders own 27.83% of the company’s stock.

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.