Hartford Investment Management Co. Has $3.52 Million Stake in Airbnb, Inc. (NASDAQ:ABNB)

Hartford Investment Management Co. trimmed its position in Airbnb, Inc. (NASDAQ:ABNB) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,752 shares of the company’s stock after selling 901 shares during the period. Hartford Investment Management Co.’s holdings in Airbnb were worth $3,515,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Capital Advisors Inc. OK boosted its position in Airbnb by 4.7% during the 4th quarter. Capital Advisors Inc. OK now owns 169,266 shares of the company’s stock worth $22,243,000 after acquiring an additional 7,542 shares during the last quarter. Certuity LLC bought a new stake in shares of Airbnb in the fourth quarter worth $251,000. CAP Partners LLC boosted its holdings in Airbnb by 3.6% during the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock worth $293,000 after purchasing an additional 77 shares during the last quarter. Essex Financial Services Inc. bought a new position in Airbnb in the fourth quarter valued at $231,000. Finally, Cambiar Investors LLC acquired a new stake in Airbnb in the 4th quarter valued at $36,918,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $129.58, for a total transaction of $90,706.00. Following the completion of the transaction, the chief technology officer now directly owns 181,914 shares in the company, valued at $23,572,416.12. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian Chesky sold 76,923 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $139.94, for a total value of $10,764,604.62. Following the sale, the chief executive officer now owns 12,616,300 shares of the company’s stock, valued at approximately $1,765,525,022. This represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,417,704 shares of company stock valued at $187,654,829. 27.83% of the stock is owned by corporate insiders.

Airbnb Trading Up 4.5 %

Shares of NASDAQ:ABNB opened at $140.52 on Thursday. The business’s 50 day simple moving average is $132.90 and its 200 day simple moving average is $129.95. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The company has a market capitalization of $89.09 billion, a P/E ratio of 49.31, a P/E/G ratio of 1.88 and a beta of 1.12.

Analyst Ratings Changes

A number of research firms have recently commented on ABNB. Jefferies Financial Group increased their price objective on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. DA Davidson increased their price target on Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Piper Sandler boosted their price target on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Evercore ISI increased their price objective on Airbnb to $155.00 and gave the company a “hold” rating in a report on Wednesday, January 15th. Finally, Susquehanna raised their target price on shares of Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a research note on Monday, November 11th. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus target price of $139.63.

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.