Creative Financial Designs Inc. ADV Has $129,000 Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Creative Financial Designs Inc. ADV boosted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 12.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,017 shares of the company’s stock after buying an additional 114 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Airbnb were worth $129,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Airbnb by 2.4% in the first quarter. Vanguard Group Inc. now owns 34,324,465 shares of the company’s stock valued at $5,662,164,000 after acquiring an additional 791,149 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Airbnb by 158.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock worth $958,279,000 after acquiring an additional 3,558,178 shares in the last quarter. Legal & General Group Plc raised its stake in Airbnb by 4.7% during the second quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock worth $519,044,000 after acquiring an additional 153,784 shares in the last quarter. Alphinity Investment Management Pty Ltd raised its stake in Airbnb by 1.6% during the first quarter. Alphinity Investment Management Pty Ltd now owns 2,536,014 shares of the company’s stock worth $418,341,000 after acquiring an additional 39,129 shares in the last quarter. Finally, Clearbridge Investments LLC raised its stake in Airbnb by 0.6% during the first quarter. Clearbridge Investments LLC now owns 2,001,711 shares of the company’s stock worth $330,202,000 after acquiring an additional 12,200 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the sale, the chief technology officer now directly owns 198,244 shares of the company’s stock, valued at approximately $23,579,141.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Airbnb news, CEO Brian Chesky sold 230,769 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $27,692,280.00. Following the transaction, the chief executive officer now owns 13,315,912 shares of the company’s stock, valued at approximately $1,597,909,440. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total value of $71,364.00. Following the completion of the transaction, the chief technology officer now directly owns 198,244 shares in the company, valued at approximately $23,579,141.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 417,806 shares of company stock valued at $51,809,831 over the last ninety days. Company insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

NASDAQ:ABNB opened at $136.87 on Tuesday. The business has a 50 day moving average of $127.29 and a 200 day moving average of $137.91. The company has a market capitalization of $87.82 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 1.90 and a beta of 1.15. 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 0.25, a current ratio of 1.41 and a quick ratio of 1.41.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same period last year, the firm posted $0.98 earnings per share. Airbnb’s quarterly revenue was up 10.6% on a year-over-year basis. On average, sell-side analysts predict that Airbnb, Inc. will post 4.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on ABNB shares. TD Cowen lowered their target price on Airbnb from $170.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. The Goldman Sachs Group reduced their price target on Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a report on Thursday, August 8th. Wedbush reduced their price target on Airbnb from $165.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Argus cut Airbnb from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, Jefferies Financial Group boosted their price target on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus target price of $135.35.

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.