Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lifted its position in Airbnb, Inc. (NASDAQ:ABNB) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,691 shares of the company’s stock after acquiring an additional 97 shares during the period. Kingsview Wealth Management LLC’s holdings in Airbnb were worth $468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Airbnb in the third quarter worth about $34,982,000. J.W. Cole Advisors Inc. increased its holdings in Airbnb by 86.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after buying an additional 2,132 shares during the period. Shellback Capital LP purchased a new position in Airbnb during the 2nd quarter worth approximately $22,744,000. Bradley Foster & Sargent Inc. CT lifted its stake in Airbnb by 1,231.3% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 20,741 shares of the company’s stock valued at $3,145,000 after acquiring an additional 19,183 shares during the period. Finally, Plato Investment Management Ltd boosted its holdings in shares of Airbnb by 2.7% in the 2nd quarter. Plato Investment Management Ltd now owns 13,493 shares of the company’s stock valued at $2,046,000 after acquiring an additional 358 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $750,000.00. Following the transaction, the chief financial officer now owns 537,072 shares of the company’s stock, valued at $64,448,640. This represents a 1.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Brian Chesky sold 230,769 shares of Airbnb stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the sale, the chief executive officer now owns 13,315,912 shares of the company’s stock, valued at approximately $1,597,909,440. This represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 718,017 shares of company stock worth $91,842,052. Company insiders own 27.83% of the company’s stock.

Airbnb Trading Down 1.0 %

Shares of Airbnb stock opened at $138.28 on Friday. The stock’s 50 day simple moving average is $133.86 and its 200-day simple moving average is $135.47. The stock 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 current ratio of 1.62 and a quick ratio of 1.62. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 7th. The company reported $2.13 EPS 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 firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period last year, the firm earned $2.39 earnings per share. Analysts predict that Airbnb, Inc. will post 4.02 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on ABNB. Robert W. Baird raised their target price on shares of Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. DA Davidson lifted their price objective on Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Argus cut Airbnb from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Jefferies Financial Group raised their target price on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Airbnb from $143.00 to $90.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Six investment 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. According to MarketBeat.com, Airbnb has an average rating of “Hold” and a consensus price target of $138.97.

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.