Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Future Fund LLC

Future Fund LLC lowered its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,674 shares of the company’s stock after selling 199 shares during the quarter. Airbnb makes up about 3.5% of Future Fund LLC’s holdings, making the stock its 12th biggest position. Future Fund LLC’s holdings in Airbnb were worth $1,184,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Airbnb by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 34,324,465 shares of the company’s stock valued at $5,662,164,000 after acquiring an additional 791,149 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Airbnb by 158.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock valued at $958,279,000 after buying an additional 3,558,178 shares during the period. Legal & General Group Plc increased its stake in Airbnb by 4.7% in the 2nd quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock valued at $519,044,000 after buying an additional 153,784 shares during the period. Clearbridge Investments LLC increased its stake in Airbnb by 0.6% in the 1st quarter. Clearbridge Investments LLC now owns 2,001,711 shares of the company’s stock valued at $330,202,000 after buying an additional 12,200 shares during the period. Finally, Farallon Capital Management LLC increased its stake in Airbnb by 5.8% in the 2nd quarter. Farallon Capital Management LLC now owns 1,701,000 shares of the company’s stock valued at $257,923,000 after buying an additional 92,780 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ABNB shares. The Goldman Sachs Group dropped their price objective on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a research note on Thursday, August 8th. UBS Group boosted their target price on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group boosted their target price on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Wedbush boosted their target price on shares of Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Truist Financial decreased their target price on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Six analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $139.31.

Airbnb Stock Performance

Airbnb stock opened at $133.20 on Wednesday. The stock has a 50 day moving average of $129.90 and a 200-day moving average of $136.99. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The stock has a market cap of $85.46 billion, a P/E ratio of 46.74, a price-to-earnings-growth ratio of 1.90 and a beta of 1.15. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 33.36% and a net margin of 16.96%. The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the business earned $2.39 earnings per share. On average, analysts expect that Airbnb, Inc. will post 4.07 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Brian Chesky sold 230,769 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the transaction, the chief executive officer now directly owns 13,315,912 shares in the company, valued at $1,597,909,440. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Airbnb news, CEO Brian Chesky sold 230,769 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 13,315,912 shares of the company’s stock, valued at $1,597,909,440. This trade represents 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 link. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total value of $71,364.00. Following the transaction, the chief technology officer now directly owns 198,244 shares in the company, valued at $23,579,141.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 417,806 shares of company stock worth $51,809,831 over the last ninety days. 27.83% of the stock is owned by insiders.

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.