DekaBank Deutsche Girozentrale Has $15.39 Million Holdings in Airbnb, Inc. (NASDAQ:ABNB)

DekaBank Deutsche Girozentrale decreased its position in Airbnb, Inc. (NASDAQ:ABNB) by 5.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 121,255 shares of the company’s stock after selling 7,418 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Airbnb were worth $15,392,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new position in Airbnb during the first quarter worth about $25,000. Northwest Investment Counselors LLC acquired a new stake in shares of Airbnb in the third quarter valued at approximately $25,000. New Millennium Group LLC bought a new stake in shares of Airbnb in the second quarter valued at approximately $28,000. Cultivar Capital Inc. acquired a new stake in Airbnb during the second quarter worth approximately $30,000. Finally, Heritage Wealth Advisors increased its stake in Airbnb by 55.0% during the 1st quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock worth $33,000 after acquiring an additional 71 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ABNB has been the subject of a number of recent analyst reports. TD Cowen cut their target price on Airbnb from $170.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Morgan Stanley increased their price objective on shares of Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Airbnb from $143.00 to $90.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Raymond James initiated coverage on shares of Airbnb in a research report on Friday, September 27th. They set a “market perform” rating and a $134.00 price target on the stock. Finally, Benchmark restated a “buy” rating and set a $155.00 price objective on shares of Airbnb in a research report on Monday, August 26th. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $135.35.

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total transaction of $71,364.00. Following the sale, the chief technology officer now owns 198,244 shares of the company’s stock, valued at $23,579,141.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total transaction of $71,364.00. Following the sale, the chief technology officer now directly owns 198,244 shares in the company, valued at approximately $23,579,141.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph Gebbia sold 42,719 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total value of $5,403,099.12. Following the completion of the transaction, the director now owns 16,472 shares of the company’s stock, valued at approximately $2,083,378.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 406,171 shares of company stock worth $50,208,253 over the last quarter. 27.83% of the stock is currently owned by company insiders.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $137.78 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. The firm’s 50-day simple moving average is $125.71 and its 200 day simple moving average is $138.52. The stock has a market cap of $88.40 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 1.83 and a beta of 1.17. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10.

Airbnb (NASDAQ:ABNB) last announced 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). The company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. As a group, research analysts anticipate that Airbnb, Inc. will post 4.33 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.