Intellectus Partners LLC Buys 125 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Intellectus Partners LLC increased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,930 shares of the company’s stock after buying an additional 125 shares during the quarter. Intellectus Partners LLC’s holdings in Airbnb were worth $1,767,000 at the end of the most recent quarter.

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

Airbnb Stock Performance

NASDAQ:ABNB opened at $134.56 on Friday. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The stock has a market cap of $86.34 billion, a P/E ratio of 47.21, a PEG ratio of 1.88 and a beta of 1.15. The business’s 50-day moving average price is $130.62 and its two-hundred day moving average price is $136.94.

Airbnb (NASDAQ:ABNB) last announced its earnings results 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). The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter in the previous year, the firm earned $2.39 earnings per share. As a group, equities analysts predict that Airbnb, Inc. will post 4.04 EPS for the current fiscal year.

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total transaction of $71,364.00. Following the transaction, the chief technology officer now directly owns 198,244 shares of the company’s stock, valued at approximately $23,579,141.36. This trade represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph Gebbia sold 42,719 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total value of $5,403,099.12. Following the completion of the sale, the director now directly owns 16,472 shares of the company’s stock, valued at approximately $2,083,378.56. This trade represents a 72.17 % decrease in their position. 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 90 days. Corporate insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Phillip Securities reiterated a “reduce” rating and set a $120.00 price target on shares of Airbnb in a report on Tuesday. TD Cowen increased their target price on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, November 8th. BMO Capital Markets cut their price target on shares of Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. Citigroup increased their price objective on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research note on Monday. Finally, Piper Sandler boosted their target price on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $139.31.

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.