Ashton Thomas Securities LLC Takes Position in Airbnb, Inc. (NASDAQ:ABNB)

Ashton Thomas Securities LLC purchased a new position in Airbnb, Inc. (NASDAQ:ABNB) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 235 shares of the company’s stock, valued at approximately $30,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new stake in shares of Airbnb in the 1st quarter worth about $25,000. New Millennium Group LLC bought a new stake in Airbnb in the second quarter valued at about $28,000. Pathway Financial Advisers LLC acquired a new stake in Airbnb during the first quarter valued at approximately $33,000. Cultivar Capital Inc. bought a new position in Airbnb during the 2nd quarter worth approximately $30,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Airbnb in the 3rd quarter worth approximately $25,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company raised their price objective on Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group decreased their price target on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating for the company in a report on Thursday, August 8th. Truist Financial dropped their price objective on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. TD Cowen lifted 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. Finally, Bank of America reiterated a “hold” rating and set a $142.00 price target (up from $132.00) on shares of Airbnb in a research report on Friday, October 11th. 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $139.31.

Airbnb Trading Up 1.4 %

Shares of ABNB opened at $134.56 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The stock has a market capitalization of $86.34 billion, a P/E ratio of 47.21, a P/E/G ratio of 1.88 and a beta of 1.15. The business’s 50-day moving average price is $130.25 and its 200 day moving average price is $136.96.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the firm earned $2.39 EPS. Analysts expect that Airbnb, Inc. will post 4.04 earnings per share for the current year.

Insider Transactions at Airbnb

In other Airbnb news, CEO Brian Chesky sold 230,769 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 13,315,912 shares in the company, valued at $1,597,909,440. The trade was a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief technology officer now directly owns 198,244 shares of the company’s stock, valued at approximately $23,579,141.36. The trade was a 0.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 417,806 shares of company stock valued at $51,809,831 over the last quarter. Company insiders own 27.83% of the company’s stock.

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.