First Trust Direct Indexing L.P. Grows Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

First Trust Direct Indexing L.P. lifted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 69.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,162 shares of the company’s stock after acquiring an additional 2,516 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Airbnb were worth $839,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ABNB. Mount Vernon Associates Inc. MD lifted its stake in shares of Airbnb by 1.0% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,270 shares of the company’s stock valued at $990,000 after purchasing an additional 75 shares during the period. Cambridge Trust Co. increased its holdings in Airbnb by 10.0% in the fourth quarter. Cambridge Trust Co. now owns 825 shares of the company’s stock valued at $112,000 after buying an additional 75 shares in the last quarter. Waldron Private Wealth LLC lifted its position in shares of Airbnb by 0.5% during the 4th quarter. Waldron Private Wealth LLC now owns 16,171 shares of the company’s stock valued at $2,201,000 after acquiring an additional 78 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Airbnb by 36.2% during the 4th quarter. Venturi Wealth Management LLC now owns 301 shares of the company’s stock worth $41,000 after acquiring an additional 80 shares in the last quarter. Finally, Centurion Wealth Management LLC grew its holdings in shares of Airbnb by 2.3% in the 4th quarter. Centurion Wealth Management LLC now owns 3,605 shares of the company’s stock worth $491,000 after acquiring an additional 81 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ABNB has been the subject of several research reports. Susquehanna lifted their price objective on Airbnb from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Wednesday, February 14th. UBS Group decreased their price objective on shares of Airbnb from $148.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. Tigress Financial raised their target price on shares of Airbnb from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, April 5th. Barclays lifted their target price on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Monday, January 29th. Finally, Truist Financial increased their price target on shares of Airbnb from $118.00 to $131.00 and gave the company a “hold” rating in a research report on Thursday, March 14th. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $149.19.

Airbnb Stock Performance

Shares of ABNB stock opened at $159.71 on Friday. The company’s fifty day simple moving average is $161.18 and its 200-day simple moving average is $144.52. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 52 week low of $103.55 and a 52 week high of $170.10. The company has a market cap of $103.34 billion, a PE ratio of 22.06, a P/E/G ratio of 2.07 and a beta of 1.24.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.67 by $0.09. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. As a group, equities research analysts anticipate that Airbnb, Inc. will post 4.47 EPS for the current year.

Insider Transactions at Airbnb

In related news, CEO Brian Chesky sold 76,912 shares of Airbnb stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $147.79, for a total value of $11,366,824.48. Following the completion of the sale, the chief executive officer now owns 14,545,529 shares in the company, valued at $2,149,683,730.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Brian Chesky sold 76,912 shares of Airbnb stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $147.79, for a total value of $11,366,824.48. Following the completion of the transaction, the chief executive officer now owns 14,545,529 shares in the company, valued at approximately $2,149,683,730.91. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Elinor Mertz sold 9,196 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $156.76, for a total transaction of $1,441,564.96. Following the sale, the chief financial officer now directly owns 535,530 shares in the company, valued at $83,949,682.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 396,874 shares of company stock valued at $63,712,671. 27.83% of the stock is currently owned by insiders.

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.