Cerity Partners LLC Purchases 11,820 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Cerity Partners LLC lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 179,934 shares of the company's stock after purchasing an additional 11,820 shares during the quarter. Cerity Partners LLC's holdings in Airbnb were worth $23,504,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ABNB. CAP Partners LLC increased its position in Airbnb by 3.6% in the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company's stock valued at $293,000 after buying an additional 77 shares in the last quarter. Lindbrook Capital LLC raised its position in Airbnb by 1.4% in the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company's stock valued at $728,000 after buying an additional 78 shares during the last quarter. Manchester Capital Management LLC raised its holdings in shares of Airbnb by 18.2% in the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company's stock valued at $69,000 after purchasing an additional 81 shares during the last quarter. Salvus Wealth Management LLC lifted its position 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 worth $455,000 after buying an additional 84 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its holdings in Airbnb by 2.3% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 4,285 shares of the company's stock worth $565,000 after acquiring an additional 95 shares during the period. Institutional investors own 80.76% of the company's stock.

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Insiders Place Their Bets

In related news, CTO Aristotle N. Balogh sold 700 shares of the firm's stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $129.82, for a total value of $90,874.00. Following the sale, the chief technology officer now directly owns 184,014 shares of the company's stock, valued at $23,888,697.48. This trade represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Elinor Mertz sold 6,250 shares of the company's stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $120.00, for a total value of $750,000.00. Following the transaction, the chief financial officer now directly owns 491,330 shares of the company's stock, valued at $58,959,600. The trade was a 1.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,251,592 shares of company stock valued at $308,485,023 in the last quarter. Insiders own 27.83% of the company's stock.

Airbnb Trading Up 0.5 %

Shares of NASDAQ ABNB traded up $0.61 during midday trading on Monday, reaching $115.15. The company had a trading volume of 810,082 shares, compared to its average volume of 4,735,801. 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's fifty day moving average price is $131.21 and its 200-day moving average price is $132.86. The stock has a market cap of $72.61 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. Airbnb, Inc. has a one year low of $99.88 and a one year high of $166.74.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

ABNB has been the subject of several research reports. Evercore ISI increased their price target on shares of Airbnb to $155.00 and gave the company a "hold" rating in a research report on Wednesday, January 15th. Morgan Stanley raised their price target on shares of Airbnb from $115.00 to $125.00 and gave the stock an "underweight" rating in a research note on Monday, January 13th. Argus upgraded Airbnb from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. JMP Securities reaffirmed a "market perform" rating on shares of Airbnb in a report on Friday, February 14th. Finally, The Goldman Sachs Group upgraded Airbnb from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $110.00 to $153.00 in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $146.56.

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.