Infusive Asset Management Inc. Buys Shares of 13,950 Airbnb, Inc. (NASDAQ:ABNB)

Infusive Asset Management Inc. purchased a new position in Airbnb, Inc. (NASDAQ:ABNB) in the 3rd quarter, Holdings Channel reports. The firm purchased 13,950 shares of the company’s stock, valued at approximately $1,769,000.

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

Insider Buying and Selling at Airbnb

In other news, CEO Brian Chesky sold 76,923 shares of Airbnb stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $139.94, for a total value of $10,764,604.62. Following the transaction, the chief executive officer now owns 12,616,300 shares of the company’s stock, valued at $1,765,525,022. The trade was a 0.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $750,000.00. Following the sale, the chief financial officer now directly owns 537,072 shares of the company’s stock, valued at $64,448,640. The trade was a 1.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 718,017 shares of company stock worth $91,842,052 over the last quarter. Insiders own 27.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ABNB. Phillip Securities reaffirmed a “reduce” rating and issued a $120.00 target price on shares of Airbnb in a report on Tuesday, November 12th. Royal Bank of Canada decreased their target price on Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Wedbush raised their price target on Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Citigroup upped their price objective on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company raised their target price on shares of Airbnb from $100.00 to $102.00 and gave the company an “underweight” rating in a report on Tuesday, October 8th. Six research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $138.97.

Airbnb Trading Down 1.0 %

NASDAQ:ABNB opened at $138.28 on Friday. The firm has a 50-day simple moving average of $133.86 and a 200-day simple moving average of $135.47. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The firm has a market cap of $87.67 billion, a P/E ratio of 48.52, a P/E/G ratio of 2.00 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 posted 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 company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the prior year, the company earned $2.39 EPS. Equities analysts anticipate that Airbnb, Inc. will post 4.02 EPS for the current fiscal year.

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.