Commerzbank Aktiengesellschaft FI Boosts Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Commerzbank Aktiengesellschaft FI grew its stake in Airbnb, Inc. (NASDAQ:ABNB) by 60.8% in the third quarter, Holdings Channel.com reports. The firm owned 4,190 shares of the company’s stock after acquiring an additional 1,585 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Airbnb were worth $531,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Sunbelt Securities Inc. lifted 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 acquiring an additional 237 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in Airbnb by 3.8% in the first quarter. Wealthcare Advisory Partners LLC now owns 3,796 shares of the company’s stock valued at $626,000 after acquiring an additional 139 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Airbnb by 163.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 59,809 shares of the company’s stock valued at $9,866,000 after acquiring an additional 37,127 shares during the last quarter. New England Research & Management Inc. lifted its holdings in Airbnb by 108.9% in the first quarter. New England Research & Management Inc. now owns 6,425 shares of the company’s stock valued at $1,060,000 after acquiring an additional 3,350 shares during the last quarter. Finally, First Dallas Securities Inc. lifted 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 during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $133.51, for a total transaction of $80,106.00. Following the sale, the chief technology officer now owns 193,444 shares in the company, valued at approximately $25,826,708.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $133.51, for a total value of $80,106.00. Following the transaction, the chief technology officer now owns 193,444 shares in the company, valued at $25,826,708.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Brian Chesky sold 38,460 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $133.97, for a total value of $5,152,486.20. Following the completion of the transaction, the chief executive officer now owns 13,200,529 shares in the company, valued at $1,768,474,870.13. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 405,571 shares of company stock worth $50,126,587. Corporate insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. B. Riley decreased their price objective on Airbnb from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. decreased their price target on Airbnb from $145.00 to $121.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Truist Financial decreased their price target on Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Bank of America restated a “hold” rating and set a $142.00 price target (up from $132.00) on shares of Airbnb in a research note on Friday, October 11th. Finally, Wells Fargo & Company upped their price target on Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 8th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and a consensus target price of $135.35.

Airbnb Stock Down 2.7 %

ABNB opened at $131.92 on Thursday. The business’s 50-day simple moving average is $124.01 and its 200-day simple moving average is $139.47. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The stock has a market capitalization of $84.96 billion, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17.

Airbnb (NASDAQ:ABNB) last posted its earnings results 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 return on equity of 34.74% and a net margin of 46.11%. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same quarter last year, the firm posted $0.98 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. Analysts anticipate that Airbnb, Inc. will post 4.33 EPS for the current 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.