Chicago Capital LLC Trims Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Chicago Capital LLC trimmed its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 19.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,446 shares of the company’s stock after selling 1,288 shares during the period. Chicago Capital LLC’s holdings in Airbnb were worth $691,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Park Avenue Securities LLC increased its holdings in Airbnb by 4.6% during the 1st quarter. Park Avenue Securities LLC now owns 11,770 shares of the company’s stock worth $1,942,000 after purchasing an additional 520 shares during the period. RFG Advisory LLC purchased a new position in Airbnb during the 1st quarter worth $414,000. Ballentine Partners LLC increased its holdings in Airbnb by 36.1% during the 1st quarter. Ballentine Partners LLC now owns 2,808 shares of the company’s stock worth $463,000 after purchasing an additional 745 shares during the period. Northwest Investment Counselors LLC purchased a new position in Airbnb during the 1st quarter worth $33,000. Finally, Range Financial Group LLC purchased a new position in Airbnb during the 1st quarter worth $225,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $133.51, for a total transaction of $80,106.00. Following the completion of the sale, the chief technology officer now directly owns 193,444 shares of the company’s stock, valued at $25,826,708.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $25,826,708.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $750,000.00. Following the completion of the sale, the chief financial officer now directly owns 537,072 shares in the company, valued at $64,448,640. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 405,571 shares of company stock valued at $50,126,587 in the last quarter. Corporate insiders own 27.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on ABNB. JPMorgan Chase & Co. reduced their price objective on Airbnb from $145.00 to $121.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Raymond James assumed coverage on Airbnb in a research report on Friday, September 27th. They issued a “market perform” rating and a $134.00 price objective for the company. Argus cut Airbnb from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Wedbush lowered their price target on Airbnb from $165.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research report on Wednesday, August 7th. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Airbnb currently has a consensus rating of “Hold” and a consensus price target of $134.55.

Airbnb Stock Up 0.3 %

Shares of Airbnb stock opened at $136.45 on Monday. The business’s fifty day moving average price is $123.17 and its two-hundred day moving average price is $139.81. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market capitalization of $87.88 billion, a P/E ratio of 18.27, a PEG ratio of 1.83 and a beta of 1.17. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share 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 business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter in the prior year, the firm posted $0.98 EPS. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. As a group, research analysts forecast 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.