Pathstone Holdings LLC Has $7.76 Million Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Pathstone Holdings LLC decreased its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 14.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,188 shares of the company’s stock after selling 10,279 shares during the period. Pathstone Holdings LLC’s holdings in Airbnb were worth $7,759,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in Airbnb by 158.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock valued at $958,279,000 after purchasing an additional 3,558,178 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Airbnb by 19,052.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company’s stock worth $256,784,000 after buying an additional 1,684,646 shares during the last quarter. Farallon Capital Management LLC bought a new stake in shares of Airbnb during the 1st quarter worth about $265,292,000. International Assets Investment Management LLC grew its stake in Airbnb by 19,430.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock valued at $1,419,610,000 after buying an additional 1,113,747 shares during the last quarter. Finally, Swedbank AB bought a new position in Airbnb in the 1st quarter valued at about $175,496,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Price Performance

Airbnb stock opened at $133.35 on Friday. The company has a market capitalization of $84.54 billion, a PE ratio of 46.79, a P/E/G ratio of 1.86 and a beta of 1.15. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $132.34 and a two-hundred day moving average price of $136.03. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ABNB shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research report on Wednesday, August 7th. Piper Sandler increased their price objective on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Robert W. Baird boosted their target price on shares of Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Truist Financial lowered their price target on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Finally, Wedbush boosted their price objective on shares of Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $138.97.

Insider Activity at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 9,603 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the sale, the insider now owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. This represents a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 230,769 shares of the business’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 completion of the transaction, the chief executive officer now owns 13,315,912 shares in the company, valued at $1,597,909,440. This trade represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 641,094 shares of company stock worth $81,077,447 over the last three months. Company insiders own 27.83% of the company’s stock.

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.