Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. grew its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 86.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,598 shares of the company’s stock after purchasing an additional 2,132 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Airbnb were worth $583,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. ProShare Advisors LLC increased its position in shares of Airbnb by 20.6% during the 1st quarter. ProShare Advisors LLC now owns 488,869 shares of the company’s stock valued at $80,644,000 after purchasing an additional 83,383 shares during the period. Shellback Capital LP acquired a new position in shares of Airbnb during the 2nd quarter valued at $22,744,000. Bradley Foster & Sargent Inc. CT increased its position in shares of Airbnb by 1,231.3% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 20,741 shares of the company’s stock valued at $3,145,000 after purchasing an additional 19,183 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Airbnb by 2.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,105,329 shares of the company’s stock valued at $182,335,000 after purchasing an additional 26,735 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Airbnb by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 34,324,465 shares of the company’s stock valued at $5,662,164,000 after purchasing an additional 791,149 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Price Performance

ABNB opened at $136.50 on Thursday. The stock has a market cap of $87.58 billion, a price-to-earnings ratio of 18.57, 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. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average price of $126.08 and a 200 day moving average price of $138.50.

Airbnb (NASDAQ:ABNB) last announced 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 return on equity of 34.74% and a net margin of 46.11%. The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same period in the prior year, the firm earned $0.98 EPS. Airbnb’s quarterly revenue was up 10.6% on a year-over-year basis. Analysts forecast that Airbnb, Inc. will post 4.33 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Bank of America reiterated a “hold” rating and set a $142.00 price target (up from $132.00) on shares of Airbnb in a research report on Friday, October 11th. Morgan Stanley lifted their target price on Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a report on Tuesday, July 23rd. Jefferies Financial Group lifted their target price on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Cantor Fitzgerald restated an “underweight” rating and issued a $94.00 target price on shares of Airbnb in a report on Monday, October 7th. Finally, Piper Sandler decreased their target price on Airbnb from $155.00 to $125.00 and set a “neutral” rating on the stock in a 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.com, the stock has a consensus rating of “Hold” and an average 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 dated Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Brian Chesky sold 230,769 shares of Airbnb stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $27,692,280.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the completion of the transaction, the chief technology officer now owns 198,244 shares in the company, valued at $23,579,141.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 406,171 shares of company stock valued at $50,208,253 over the last quarter. 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.