Sigma Planning Corp Buys 221 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Sigma Planning Corp raised its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 3.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,194 shares of the company’s stock after purchasing an additional 221 shares during the period. Sigma Planning Corp’s holdings in Airbnb were worth $912,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Proficio Capital Partners LLC raised its position in Airbnb by 45.7% in the 3rd quarter. Proficio Capital Partners LLC now owns 11,761 shares of the company’s stock worth $1,491,000 after purchasing an additional 3,691 shares during the period. Assetmark Inc. raised its position in Airbnb by 11.6% in the 3rd quarter. Assetmark Inc. now owns 49,994 shares of the company’s stock worth $6,340,000 after purchasing an additional 5,189 shares during the period. Verdence Capital Advisors LLC raised its position in Airbnb by 11.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 5,781 shares of the company’s stock worth $733,000 after purchasing an additional 617 shares during the period. Markel Group Inc. purchased a new stake in Airbnb in the 3rd quarter worth about $2,428,000. Finally, Hollencrest Capital Management raised its position in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the period. Institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 11,635 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total value of $1,596,322.00. Following the transaction, the director now directly owns 16,472 shares in the company, valued at $2,259,958.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Joseph Gebbia sold 11,635 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total value of $1,596,322.00. Following the transaction, the director now directly owns 16,472 shares in the company, valued at approximately $2,259,958.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 230,769 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the sale, the chief executive officer now directly owns 13,315,912 shares in the company, valued at approximately $1,597,909,440. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 417,806 shares of company stock worth $51,809,831 in the last ninety days. 27.83% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on ABNB shares. Mizuho reduced their price objective on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, September 13th. Argus lowered shares of Airbnb from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Jefferies Financial Group raised their target price on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group reduced their target price on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a research report on Thursday, August 8th. Finally, Cantor Fitzgerald reaffirmed an “underweight” rating and set a $94.00 target price on shares of Airbnb in a research report on Monday, October 7th. Six investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $139.31.

Airbnb Stock Down 0.3 %

ABNB stock opened at $132.76 on Thursday. The stock has a market capitalization of $85.18 billion, a P/E ratio of 46.54, a P/E/G ratio of 1.88 and a beta of 1.15. The firm has a 50-day simple moving average of $129.90 and a 200-day simple moving average of $136.99. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter in the previous year, the firm posted $2.39 earnings per share. Equities analysts forecast that Airbnb, Inc. will post 4.04 earnings per share for the current fiscal year.

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.