Massmutual Trust Co. FSB ADV Buys 276 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Massmutual Trust Co. FSB ADV increased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 214.0% in the 3rd quarter, Holdings Channel reports. The firm owned 405 shares of the company’s stock after purchasing an additional 276 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Airbnb were worth $56,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Key Financial Inc bought a new stake in shares of Airbnb during the 1st quarter worth $25,000. Resurgent Financial Advisors LLC acquired a new stake in shares of Airbnb in the second quarter valued at about $25,000. Beacon Capital Management LLC bought a new position in shares of Airbnb in the second quarter worth about $27,000. WealthPLAN Partners LLC acquired a new position in shares of Airbnb during the 1st quarter worth about $33,000. Finally, Quadrant Capital Group LLC lifted its position in shares of Airbnb by 58.4% during the 2nd quarter. Quadrant Capital Group LLC now owns 282 shares of the company’s stock worth $36,000 after purchasing an additional 104 shares during the last quarter. Institutional investors own 44.19% of the company’s stock.

Airbnb Price Performance

Shares of NASDAQ ABNB traded up $0.87 during trading on Friday, reaching $127.15. The company had a trading volume of 3,796,137 shares, compared to its average volume of 6,336,143. Airbnb, Inc. has a 52 week low of $81.91 and a 52 week high of $154.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.78 and a current ratio of 1.78. The business’s 50 day moving average price is $127.63 and its 200-day moving average price is $127.99. The stock has a market cap of $82.45 billion, a PE ratio of 15.37, a PEG ratio of 1.56 and a beta of 1.26.

Wall Street Analysts Forecast Growth

ABNB has been the topic of several recent analyst reports. Mizuho dropped their price target on Airbnb from $150.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 31st. Susquehanna reduced their price target on shares of Airbnb from $165.00 to $160.00 and set a “positive” rating for the company in a report on Friday, November 3rd. Barclays restated an “equal weight” rating and issued a $141.00 price target on shares of Airbnb in a research report on Monday, October 9th. Truist Financial upped their price objective on shares of Airbnb from $116.00 to $126.00 and gave the company a “hold” rating in a research report on Friday, September 15th. Finally, Needham & Company LLC decreased their target price on Airbnb from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, November 2nd. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $141.94.

Insider Transactions at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 17,445 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $125.35, for a total transaction of $2,186,730.75. Following the completion of the sale, the insider now directly owns 922,615 shares of the company’s stock, valued at approximately $115,649,790.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Airbnb news, insider Nathan Blecharczyk sold 17,445 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $125.35, for a total transaction of $2,186,730.75. Following the completion of the sale, the insider now directly owns 922,615 shares of the company’s stock, valued at approximately $115,649,790.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Chesky sold 150,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $150.06, for a total value of $22,509,000.00. Following the sale, the chief executive officer now directly owns 16,698,931 shares of the company’s stock, valued at $2,505,841,585.86. The disclosure for this sale can be found here. Insiders sold a total of 537,701 shares of company stock worth $73,781,416 over the last 90 days. 30.84% of the stock is owned by insiders.

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 model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.