Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Grove Bank & Trust

Grove Bank & Trust grew its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 28.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,758 shares of the company's stock after buying an additional 4,610 shares during the period. Grove Bank & Trust's holdings in Airbnb were worth $2,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of ABNB. Northwest Investment Counselors LLC purchased a new stake in shares of Airbnb during the 3rd quarter worth approximately $25,000. Hollencrest Capital Management increased its position in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company's stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Airbnb during the third quarter valued at $30,000. Quarry LP bought a new position in Airbnb during the third quarter valued at $55,000. Finally, CVA Family Office LLC grew its stake in shares of Airbnb by 131.2% in the 3rd quarter. CVA Family Office LLC now owns 474 shares of the company's stock worth $60,000 after buying an additional 269 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Robert W. Baird upped their target price on shares of Airbnb from $120.00 to $140.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Barclays upped their price objective on Airbnb from $100.00 to $110.00 and gave the company an "underweight" rating in a research report on Friday, November 8th. Phillip Securities restated a "reduce" rating and set a $120.00 price target on shares of Airbnb in a report on Tuesday, November 12th. Citigroup lifted their price objective on shares of Airbnb from $135.00 to $158.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Finally, Susquehanna upped their price target on shares of Airbnb from $130.00 to $160.00 and gave the company a "positive" rating in a report on Monday, November 11th. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Airbnb has a consensus rating of "Hold" and a consensus target price of $139.63.

Insider Activity at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company's stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $135.33, for a total transaction of $81,198.00. Following the completion of the transaction, the chief technology officer now directly owns 192,244 shares in the company, valued at approximately $26,016,380.52. This represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 76,923 shares of Airbnb stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the completion of the sale, the chief executive officer now owns 12,616,300 shares in the company, valued at approximately $1,765,525,022. This trade represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,130,982 shares of company stock worth $150,523,585 in the last three months. Company insiders own 27.83% of the company's stock.

Airbnb Stock Performance

Shares of Airbnb stock traded up $2.96 during trading on Monday, hitting $135.12. 3,740,209 shares of the company's stock were exchanged, compared to its average volume of 3,539,122. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market capitalization of $85.66 billion, a price-to-earnings ratio of 47.41, a PEG ratio of 1.63 and a beta of 1.13. The business has a 50-day simple moving average of $134.16 and a 200-day simple moving average of $131.81.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts' consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The company had revenue of $3.73 billion for the quarter, compared to analysts' expectations of $3.72 billion. During the same quarter in the previous year, the business posted $2.39 EPS. On average, research analysts forecast that Airbnb, Inc. will post 3.99 EPS for the current year.

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.