Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by ING Groep NV

ING Groep NV reduced its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 9.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 89,564 shares of the company’s stock after selling 9,882 shares during the quarter. ING Groep NV’s holdings in Airbnb were worth $11,358,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ABNB. Farrow Financial Inc. increased its position in shares of Airbnb by 1.0% in the second quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock valued at $1,087,000 after buying an additional 69 shares in the last quarter. GYL Financial Synergies LLC raised its position in Airbnb by 5.0% during the second quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock worth $241,000 after acquiring an additional 76 shares during the last quarter. HB Wealth Management LLC lifted its holdings in shares of Airbnb by 1.6% in 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 in the last quarter. Optas LLC grew its position in shares of Airbnb by 4.5% in the second quarter. Optas LLC now owns 1,829 shares of the company’s stock valued at $277,000 after purchasing an additional 78 shares during the last quarter. Finally, Sage Mountain Advisors LLC increased its stake in shares of Airbnb by 1.1% during the 2nd quarter. Sage Mountain Advisors LLC now owns 7,341 shares of the company’s stock worth $1,113,000 after purchasing an additional 79 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. TD Cowen upped their target price on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, November 8th. The Goldman Sachs Group decreased their price objective on Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a research note on Thursday, August 8th. Phillip Securities reissued a “reduce” rating and issued a $120.00 target price on shares of Airbnb in a research note on Tuesday. Royal Bank of Canada reduced their target price on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Finally, Benchmark reiterated a “buy” rating and set a $155.00 price target on shares of Airbnb in a report on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Airbnb currently has an average rating of “Hold” and an average price target of $139.31.

Airbnb Trading Up 1.4 %

NASDAQ:ABNB opened at $134.56 on Friday. The business’s 50-day moving average is $130.62 and its two-hundred day moving average is $136.94. The firm has a market capitalization of $86.34 billion, a PE ratio of 47.21, a price-to-earnings-growth ratio of 1.88 and a beta of 1.15. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.13 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 analyst estimates of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period last year, the firm posted $2.39 earnings per share. Research analysts predict that Airbnb, Inc. will post 4.04 earnings per share for the current fiscal year.

Insider Transactions at Airbnb

In related news, Director Joseph Gebbia sold 11,635 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total value of $1,596,322.00. Following the transaction, the director now owns 16,472 shares in the company, valued at approximately $2,259,958.40. The trade was a 41.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $135.33, for a total value of $81,198.00. Following the completion of the transaction, the chief technology officer now directly owns 192,244 shares of the company’s stock, valued at $26,016,380.52. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 417,806 shares of company stock valued at $51,809,831. Corporate insiders own 27.83% of the company’s stock.

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.