Cerity Partners LLC Has $40.89 Million Stock Position in Airbnb, Inc. $ABNB

Cerity Partners LLC lowered its stake in Airbnb, Inc. (NASDAQ:ABNB) by 4.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 308,986 shares of the company’s stock after selling 16,037 shares during the quarter. Cerity Partners LLC’s holdings in Airbnb were worth $40,891,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Sit Investment Associates Inc. grew its holdings in Airbnb by 42.8% during the 1st quarter. Sit Investment Associates Inc. now owns 16,870 shares of the company’s stock worth $2,015,000 after acquiring an additional 5,060 shares during the period. Vestmark Advisory Solutions Inc. boosted its position in shares of Airbnb by 74.8% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 20,514 shares of the company’s stock valued at $2,451,000 after purchasing an additional 8,780 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Airbnb by 1.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,925,689 shares of the company’s stock worth $387,186,000 after purchasing an additional 31,120 shares during the period. Plato Investment Management Ltd increased its holdings in Airbnb by 53.1% in the first quarter. Plato Investment Management Ltd now owns 18,974 shares of the company’s stock worth $2,291,000 after purchasing an additional 6,579 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Airbnb by 52.9% in the first quarter. Acadian Asset Management LLC now owns 2,457,837 shares of the company’s stock valued at $293,590,000 after buying an additional 850,719 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 549 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $116.04, for a total value of $63,705.96. Following the transaction, the chief technology officer directly owned 187,686 shares of the company’s stock, valued at approximately $21,779,083.44. The trade was a 0.29% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 58,000 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $118.47, for a total transaction of $6,871,260.00. Following the transaction, the director owned 692,015 shares of the company’s stock, valued at approximately $81,983,017.05. The trade was a 7.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,575,867 shares of company stock valued at $190,875,764 in the last ninety days. Company insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ABNB. Truist Financial raised their price objective on shares of Airbnb from $104.00 to $107.00 and gave the stock a “sell” rating in a research report on Thursday. UBS Group boosted their price objective on Airbnb from $145.00 to $147.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Wedbush reiterated a “neutral” rating and issued a $130.00 target price on shares of Airbnb in a research note on Friday, November 7th. Citizens Jmp raised shares of Airbnb to a “hold” rating in a research report on Monday, August 11th. Finally, DA Davidson reissued a “buy” rating and set a $155.00 target price on shares of Airbnb in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $143.88.

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $124.32 on Monday. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. The company has a 50-day simple moving average of $121.53 and a 200-day simple moving average of $127.45. The stock has a market capitalization of $76.53 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 2.19 and a beta of 1.11.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the prior year, the company earned $2.13 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. As a group, research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

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.