Advisors Asset Management Inc. Acquires 1,479 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Advisors Asset Management Inc. grew its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 11.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,368 shares of the company’s stock after purchasing an additional 1,479 shares during the quarter. Advisors Asset Management Inc.’s holdings in Airbnb were worth $1,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Farrow Financial Inc. boosted its holdings in shares of Airbnb by 1.0% during the 2nd quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock worth $1,087,000 after buying an additional 69 shares in the last quarter. GYL Financial Synergies LLC increased its stake in Airbnb by 5.0% in the second quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock valued at $241,000 after purchasing an additional 76 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of Airbnb by 1.6% during the second quarter. HB Wealth Management LLC now owns 4,938 shares of the company’s stock valued at $749,000 after purchasing an additional 76 shares during the period. Optas LLC boosted its position in shares of Airbnb by 4.5% during the 2nd quarter. Optas LLC now owns 1,829 shares of the company’s stock worth $277,000 after purchasing an additional 78 shares in the last quarter. Finally, Sage Mountain Advisors LLC grew its stake in shares of Airbnb by 1.1% in the 2nd quarter. Sage Mountain Advisors LLC now owns 7,341 shares of the company’s stock valued at $1,113,000 after buying an additional 79 shares during the period. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

ABNB has been the topic of several recent research reports. Phillip Securities reiterated a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a report on Tuesday, November 12th. Citigroup boosted their price target on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Robert W. Baird raised their price objective on shares of Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. boosted their target price on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Airbnb from $143.00 to $90.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Six research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average target price of $138.97.

Insider Activity at Airbnb

In other news, insider Nathan Blecharczyk sold 9,603 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the sale, the insider now directly owns 164,850 shares in the company, valued at $21,466,767. This represents a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Joseph Gebbia sold 42,719 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total transaction of $5,403,099.12. Following the completion of the sale, the director now directly owns 16,472 shares in the company, valued at approximately $2,083,378.56. The trade was a 72.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 641,094 shares of company stock worth $81,077,447. Corporate insiders own 27.83% of the company’s stock.

Airbnb Stock Up 3.1 %

ABNB stock opened at $137.34 on Monday. The stock has a fifty day moving average of $132.73 and a 200-day moving average of $135.54. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The company has a market capitalization of $87.07 billion, a price-to-earnings ratio of 48.19, a PEG ratio of 1.89 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $3.72 billion. During the same quarter in the prior year, the business earned $2.39 EPS. As a group, equities research analysts predict that Airbnb, Inc. will post 4.02 earnings per share for the current year.

Airbnb Company 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.