Healthcare of Ontario Pension Plan Trust Fund Takes $41.69 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 328,735 shares of the company’s stock, valued at approximately $41,687,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.05% of Airbnb as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the business. Northwest Investment Counselors LLC acquired a new position in Airbnb in the third quarter valued at about $25,000. Hollencrest Capital Management raised its stake in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. New Millennium Group LLC acquired a new position in Airbnb in the second quarter valued at about $28,000. Cultivar Capital Inc. acquired a new position in Airbnb in the second quarter valued at about $30,000. Finally, Ashton Thomas Securities LLC acquired a new position in Airbnb in the third quarter valued at about $30,000. Institutional investors own 80.76% of the company’s stock.

Airbnb Trading Down 1.0 %

NASDAQ ABNB opened at $138.28 on Thursday. The firm has a market capitalization of $87.67 billion, a P/E ratio of 48.52, a PEG ratio of 2.00 and a beta of 1.15. The business has a fifty day simple moving average of $133.86 and a 200 day simple moving average of $135.47. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. 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 (NASDAQ:ABNB) last released its quarterly 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). The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period in the previous year, the company posted $2.39 earnings per share. On average, analysts predict that Airbnb, Inc. will post 4.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Raymond James assumed coverage on Airbnb in a research note on Friday, September 27th. They issued a “market perform” rating and a $134.00 price target for the company. Argus downgraded Airbnb from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Mizuho lowered their target price on Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, September 13th. Piper Sandler boosted their target price on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Susquehanna boosted their target price on Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research note on Monday, November 11th. Six equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Airbnb has an average rating of “Hold” and an average target price of $138.97.

Insider Activity at Airbnb

In other news, insider Nathan Blecharczyk sold 9,603 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the sale, the insider now directly owns 164,850 shares of the company’s stock, valued at $21,466,767. This trade represents a 5.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Brian Chesky sold 76,923 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 12,616,300 shares of the company’s stock, valued at approximately $1,765,525,022. This represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 718,017 shares of company stock valued at $91,842,052. 27.83% of the stock is owned by insiders.

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.