Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd boosted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 0.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 88,751 shares of the company’s stock after buying an additional 634 shares during the quarter. IFM Investors Pty Ltd’s holdings in Airbnb were worth $11,255,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sunbelt Securities Inc. boosted its holdings in Airbnb by 26.3% in the first quarter. Sunbelt Securities Inc. now owns 1,139 shares of the company’s stock valued at $188,000 after purchasing an additional 237 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in shares of Airbnb by 3.8% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 3,796 shares of the company’s stock valued at $626,000 after buying an additional 139 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Airbnb by 163.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 59,809 shares of the company’s stock worth $9,866,000 after buying an additional 37,127 shares in the last quarter. New England Research & Management Inc. increased its stake in shares of Airbnb by 108.9% during the first quarter. New England Research & Management Inc. now owns 6,425 shares of the company’s stock worth $1,060,000 after buying an additional 3,350 shares during the period. Finally, First Dallas Securities Inc. raised its holdings in Airbnb by 4.5% in the first quarter. First Dallas Securities Inc. now owns 7,005 shares of the company’s stock valued at $1,156,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Activity

In related news, Director Joseph Gebbia sold 42,719 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total transaction of $5,403,099.12. Following the transaction, the director now owns 16,472 shares of the company’s stock, valued at $2,083,378.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Airbnb news, Director Joseph Gebbia sold 42,719 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total transaction of $5,403,099.12. Following the transaction, the director now directly owns 16,472 shares in the company, valued at approximately $2,083,378.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $126.57, for a total transaction of $75,942.00. Following the sale, the chief technology officer now owns 205,774 shares of the company’s stock, valued at approximately $26,044,815.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 406,171 shares of company stock valued at $50,208,253 in the last three months. 27.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on ABNB shares. B. Riley lowered their price target on shares of Airbnb from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Morgan Stanley boosted their target price on shares of Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 23rd. Robert W. Baird cut their price target on Airbnb from $140.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. UBS Group upped their price objective on Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, TD Cowen cut their target price on Airbnb from $170.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Five analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Airbnb currently has an average rating of “Hold” and an average price target of $135.35.

Airbnb Stock Up 0.6 %

Shares of Airbnb stock opened at $132.75 on Friday. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The company has a market cap of $85.50 billion, a P/E ratio of 17.77, a PEG ratio of 1.83 and a beta of 1.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a fifty day moving average of $124.32 and a two-hundred day moving average of $139.42.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same quarter in the previous year, the business earned $0.98 EPS. Airbnb’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, analysts forecast that Airbnb, Inc. will post 4.33 earnings per share 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.