Sigma Planning Corp Increases Position in Airbnb, Inc. (NASDAQ:ABNB)

Sigma Planning Corp raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 3.2% during the third quarter, HoldingsChannel reports. The firm owned 7,194 shares of the company’s stock after buying an additional 221 shares during the quarter. Sigma Planning Corp’s holdings in Airbnb were worth $912,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ABNB. Transcendent Capital Group LLC acquired a new stake in Airbnb during the 1st quarter worth $25,000. Northwest Investment Counselors LLC acquired a new stake in Airbnb during the 3rd quarter worth $25,000. Hollencrest Capital Management boosted its stake in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the period. New Millennium Group LLC acquired a new stake in Airbnb during the 2nd quarter worth $28,000. Finally, Cultivar Capital Inc. acquired a new stake in Airbnb during the 2nd quarter worth $30,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ABNB has been the subject of a number of recent research reports. Piper Sandler increased their price target on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Cantor Fitzgerald restated an “underweight” rating and issued a $94.00 target price on shares of Airbnb in a research note on Monday, October 7th. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research note on Wednesday, August 7th. Sanford C. Bernstein reduced their target price on shares of Airbnb from $174.00 to $155.00 and set an “outperform” rating for the company in a research note on Tuesday, September 17th. Finally, BMO Capital Markets cut their price target on shares of Airbnb from $151.00 to $130.00 and set a “market perform” rating for the company in a report on Wednesday, August 7th. Six investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $139.31.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 11,635 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the completion of the transaction, the director now owns 16,472 shares of the company’s stock, valued at approximately $2,259,958.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Brian Chesky sold 230,769 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 $27,692,280.00. Following the completion of the sale, the chief executive officer now owns 13,315,912 shares of the company’s stock, valued at $1,597,909,440. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Joseph Gebbia sold 11,635 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the completion of the sale, the director now directly owns 16,472 shares of the company’s stock, valued at $2,259,958.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 417,806 shares of company stock worth $51,809,831 over the last 90 days. Insiders own 27.83% of the company’s stock.

Airbnb Stock Down 0.3 %

Shares of NASDAQ:ABNB opened at $132.76 on Thursday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $129.90 and a 200 day simple moving average of $136.99. The firm has a market cap of $85.18 billion, a PE ratio of 46.54, 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.

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