Bank of New York Mellon Corp Has $372.74 Million Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Bank of New York Mellon Corp lessened its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 35.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,836,497 shares of the company’s stock after selling 1,562,882 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.45% of Airbnb worth $372,744,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. raised its position in shares of Airbnb by 24.6% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 2,530 shares of the company’s stock worth $321,000 after acquiring an additional 500 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Airbnb by 20.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 28,770 shares of the company’s stock worth $3,648,000 after purchasing an additional 4,864 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in Airbnb by 86.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock valued at $583,000 after buying an additional 2,132 shares during the period. Pallas Capital Advisors LLC boosted its holdings in shares of Airbnb by 48.3% during the 3rd quarter. Pallas Capital Advisors LLC now owns 13,222 shares of the company’s stock worth $1,755,000 after buying an additional 4,305 shares in the last quarter. Finally, abrdn plc grew its position in shares of Airbnb by 15.4% during the 3rd quarter. abrdn plc now owns 175,182 shares of the company’s stock worth $22,245,000 after buying an additional 23,428 shares during the period. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Up 1.8 %

Airbnb stock opened at $144.03 on Thursday. The firm has a 50 day moving average price of $136.22 and a 200-day moving average price of $131.58. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a market capitalization of $90.82 billion, a P/E ratio of 34.87, a P/E/G ratio of 3.52 and a beta of 1.12.

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

Insider Transactions at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 2,712 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $156.32, for a total transaction of $423,939.84. Following the completion of the transaction, the insider now owns 159,337 shares in the company, valued at $24,907,559.84. This trade represents a 1.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Aristotle N. Balogh sold 500 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total transaction of $68,005.00. Following the sale, the chief technology officer now directly owns 185,414 shares in the company, valued at $25,218,158.14. The trade was a 0.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,876,329 shares of company stock worth $265,258,279. 27.83% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ABNB has been the topic of a number of research reports. Wedbush reiterated an “outperform” rating and set a $155.00 target price on shares of Airbnb in a research report on Tuesday, February 4th. Benchmark upped their price objective on shares of Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a report on Friday, February 14th. UBS Group raised their target price on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a research report on Friday, February 14th. Finally, Canaccord Genuity Group increased their price target on Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $146.48.

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.